Form 4: Atlassian Director Scott Farquhar Executes Share Sales Under 10b5-1 Plan

Atlassian director Scott Farquhar sold a total of 7,848 Class A common stock shares on January 27, 2025, through a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a director at Atlassian, executed multiple sales of Class A common stock on January 27, 2025.
• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2024.
• A total of 7,848 shares were sold across 13 transactions at varying prices.
• The sales were executed at weighted average prices ranging from $262.28 to $276.0414 per share.
• The shares are held indirectly by the Farquhar Family Trust through Skip Enterprises Pty Limited as trustee.
• Following these transactions, the number of shares held indirectly by the trust decreased to 349,712.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for insider transactions, which is neither positive nor negative. It reflects planned sales under a 10b5-1 plan.

Industry Context

This is a routine filing for insider transactions and is common for executives and directors of publicly traded companies. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on any material non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies, including those in the technology sector like Atlassian.
• Similar filings are regularly made by directors and officers at companies like Microsoft, Google, and Salesforce, when they execute pre-planned stock sales.
• The reported transactions are within the typical range of insider sales for executives at comparable companies.

Stakeholder Impact

• The stock sales may have a minor impact on the share price, but the pre-planned nature of the transactions under a 10b5-1 plan should mitigate any significant negative reaction from shareholders.

Key Dates

Keywords

Atlassian, Scott Farquhar, insider trading, Form 4, share sale, 10b5-1 plan, Class A common stock, Farquhar Family Trust