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

Atlassian's Co-CEO and Co-Founder, Scott Farquhar, executed sales of Class A Common Stock on June 5, 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 June 5, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 21, 2023.
• A total of 5,519 shares were sold at a weighted-average price of $157.3122, with prices ranging from $156.72 to $157.69.
• An additional 2,722 shares were sold at a weighted-average price of $157.9315, with prices ranging from $157.72 to $158.50.
• Following the transactions, Farquhar directly owns 130,183 shares and indirectly owns 127,461 shares through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales by an executive under a pre-arranged trading plan. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales by executives are a normal part of corporate governance. The fact that the sales were executed under a pre-arranged 10b5-1 trading plan suggests that they were planned in advance and not based on any inside information.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates