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

Director Scott Farquhar sold shares of Atlassian Corp (TEAM) on March 25, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a director and 10% owner of Atlassian Corp (TEAM), reported the sale of Class A Common Stock on March 25, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• A total of 7,948 shares were sold in multiple transactions at weighted average prices ranging from $234.9199 to $237.7134.
• The sales resulted in a decrease in Farquhar's direct holdings but an increase in indirect holdings through the Farquhar Family Trust.
• The transactions were executed in multiple trades during the day at various price ranges, with Farquhar undertaking to provide full information regarding the number of shares and prices at which the transactions were effected upon request.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating stock sales by a company insider under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment, as these transactions are often planned and routine.

Industry Context

Sales by insiders are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information. The market typically views these sales in the context of the overall trading plan and the insider's remaining holdings.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• The sales do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Atlassian, TEAM, Scott Farquhar, Stock Sale, Rule 10b5-1, Director, Beneficial Ownership