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

Atlassian director Scott Farquhar sold Class A Common Stock on November 8, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a director and 10% owner of Atlassian Corp, executed multiple sales of Class A Common Stock on November 8, 2024.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved the disposal of shares held indirectly through the Farquhar Family Trust, with Skip Enterprises Pty Limited as trustee.
• The sales prices ranged from $232.43 to $238.19 per share.
• A total of 8,098 shares were sold in multiple transactions at varying prices.
• Following the reported transactions, the number of shares beneficially owned indirectly by Farquhar through the trust is 278,180.

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 convey any particularly positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence, and the use of a 10b5-1 plan allows insiders to sell shares over a period of time without being accused of acting on insider information. It is common practice for executives to diversify their holdings and manage personal finances.

Key Dates