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

Scott Farquhar, a director and 10% owner of Atlassian Corp, executed multiple sales of Class A Common Stock on January 10, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 10, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp [TEAM], sold shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved multiple sales at varying prices, with weighted-average prices reported for each block of shares sold.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, Farquhar indirectly beneficially owns 429,192 shares of Class A Common Stock through the trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by a company insider under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine disclosure of stock sales by a company insider, which is common for executives and directors of publicly traded companies. The use of a 10b5-1 plan allows insiders to sell shares over a period of time without being accused of trading on inside information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small volume of shares sold compared to the total outstanding shares.

Key Dates