Form 4: Atlassian Co-CEO Scott Farquhar Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Atlassian's Co-CEO, Scott Farquhar, executed multiple sales of Class A Common Stock on April 1, 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 April 1, 2024.
- The transactions were executed under a Rule 10b5-1 trading plan adopted on February 21, 2023.
- A total of 8,191 shares were sold in multiple transactions at weighted-average prices ranging from $193.1719 to $195.65.
- Following the reported transactions, Farquhar indirectly owns 506,547 to 511,898 shares of Class A Common Stock through the Farquhar Family 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
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| February 21, 2023 | Date the Reporting Person adopted the Rule 10b5-1 trading plan |
| April 01, 2024 | Date of the reported transactions (sale of Class A Common Stock) |
| April 02, 2024 | Date of the Form 4 filing |
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