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 August 14, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On August 14, 2024, Scott Farquhar, Co-CEO and Co-Founder of Atlassian, sold shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• A total of 3,263 shares were sold at a weighted-average price of $143.7926, with prices ranging from $143.48 to $144.47.
• An additional 450 shares were sold at a weighted-average price of $144.8894, with prices ranging from $144.62 to $145.16.
• Another 4,235 shares were sold at a weighted-average price of $143.2518, with prices ranging from $142.48 to $143.47.
• Following these transactions, Scott Farquhar indirectly owns 254,336 shares through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales under a pre-arranged trading plan, so it is neutral in sentiment.

Industry Context

Insider selling is a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares over time while avoiding accusations of trading on material non-public information. The market typically analyzes these sales in the context of the overall company performance and insider sentiment.

Stakeholder Impact

• The stock sale may have a minor negative impact on shareholder sentiment, but is unlikely to have a significant impact given the pre-planned nature of the transactions.

Key Dates