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

Director Scott Farquhar sold shares of Atlassian Corp (TEAM) on January 6, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 6, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp (TEAM), sold Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved multiple trades at varying prices throughout the day.
• A total of 8,548 shares were sold in multiple transactions.
• The shares are held indirectly by the Farquhar Family Trust through Skip Enterprises Pty Limited as trustee.
• The weighted average sale prices ranged from $252.8233 to $258.7867 per share.
• Following the reported transactions, Farquhar indirectly owns 460,984 shares through the trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

This is a routine disclosure of insider trading activity, which is common for corporate executives and directors. The use of a 10b5-1 plan suggests the sales were pre-planned and not based 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.
• The sales are unlikely to significantly impact employees, customers, suppliers, or creditors.

Key Dates