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

Atlassian director Scott Farquhar sold shares of Class A Common Stock on September 27, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 27, 2024, Scott Farquhar, a director and 10% owner of Atlassian Corp, executed multiple sales of Class A Common Stock.
• These transactions were carried out under a pre-existing Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were executed at varying prices, with weighted-average prices of $161.0804, $163.1649, $161.7077 and $163.99.
• Farquhar sold 5,827 shares, 194 shares, 1,877 shares and 50 shares in the transactions.
• Following the reported transactions, Farquhar directly owns no shares and indirectly owns 7,948 to 10,069 shares through a trust.

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 inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence and are often planned in advance, especially through mechanisms like Rule 10b5-1 trading plans. It's important to consider the overall context of insider transactions, including the company's performance and any other relevant news.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating downward pressure on the stock price in the short term.
• However, given the pre-planned nature of the sales, the impact is likely to be limited.

Key Dates