Form 4: Atlassian Corp Executive Anutthara Bharadwaj Sells 760 Shares Under 10b5-1 Plan
SEC Form 4
Anutthara Bharadwaj, President of Atlassian Corp, sold 760 shares of Class A Common Stock at $163.11 per share on September 20, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On September 20, 2024, Anutthara Bharadwaj, President of Atlassian Corp, sold 760 shares of Class A Common Stock.
- The sale was executed at a price of $163.11 per share.
- Following the transaction, Bharadwaj directly owns 143,966 shares of Atlassian Corp.
- The sale was conducted under a Rule 10b5-1 trading plan adopted on November 20, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan.
Industry Context
Sales by executives are a normal part of corporate activity. It is important to note that the sale was executed under a pre-arranged 10b5-1 trading plan, which is a common practice to avoid accusations of insider trading.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder confidence, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 11/20/2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 09/20/2024 | Date of the transaction (sale of shares) |
| 09/23/2024 | Date of report |
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