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 4, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 4, 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 Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were executed at varying prices, with weighted-average prices of $164.9624, $163.1173, $162.1576, and $164.1127.
• The total shares sold were 400, 1,431, 3,664, and 2,453 respectively.
• Following these transactions, Farquhar directly owns 150,612 shares and indirectly owns 149,181, 145,517, and 143,064 shares through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by a company director under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Sales by company insiders are a common occurrence and are often planned in advance to avoid accusations of insider trading. Rule 10b5-1 plans allow insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market.
• The impact is likely to be minimal as the sales were pre-planned and executed under a 10b5-1 trading plan.

Key Dates