Form 4: Atlassian Co-CEO Scott Farquhar Sells Shares Under 10b5-1 Trading Plan

Atlassian's Co-CEO, Scott Farquhar, executed multiple sales of Class A Common Stock on July 29, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, Co-CEO and Co-Founder of Atlassian, sold shares of Class A Common Stock on July 29, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved multiple trades at varying prices.
• A total of 1,890 shares were sold at a weighted-average price of $180.1932.
• An additional 4,209 shares were sold at a weighted-average price of $178.2301.
• Another 1,849 shares were sold at a weighted-average price of $179.3821.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, Farquhar indirectly owns 349,712 shares through the trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan indicates that these sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates