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

Atlassian's Co-CEO and Co-Founder, Scott Farquhar, executed multiple sales of Class A Common Stock on May 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, Co-CEO and Co-Founder of Atlassian, reported the sale of Class A Common Stock on May 28, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 21, 2023.
• A total of 8,241 shares were sold in multiple transactions at varying prices.
• The weighted average sale prices ranged from $164.5159 to $168.135 per share.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, the number of shares beneficially owned indirectly by Farquhar through the trust is 176,907.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting stock sales by an executive under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transactions.

Industry Context

Executive stock sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-arranged and not based on current insider information. Investors often monitor these filings to understand executive sentiment and potential changes in ownership structure.

Key Dates