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

Director Scott Farquhar sold shares of Atlassian Corp (TEAM) Class A Common Stock on March 12, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a director and 10% owner of Atlassian Corp (TEAM), executed multiple sales of Class A Common Stock on March 12, 2025.
• These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were executed at varying prices, ranging from $224.45 to $232.48 per share.
• A total of 7,948 shares were sold, resulting in a decrease in the number of shares indirectly beneficially owned by Farquhar through the Farquhar Family Trust.
• Following the reported transactions, Farquhar indirectly beneficially owns 103,324 shares of Atlassian Class A Common Stock through the trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

This is a routine disclosure of insider trading activity. Sales by insiders are common and can be for a variety of reasons, including diversification or personal liquidity needs. The existence of a 10b5-1 plan suggests the sales were pre-planned and not based on current inside information.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates concerns about insider information being used for trading.

Key Dates