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

Scott Farquhar, a director and 10% owner of Atlassian Corp, sold Class A Common Stock on March 27, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 27, 2025, 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 ranging from $222.91 to $227.65.
• The shares were held indirectly through Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following these transactions, the number of shares beneficially owned indirectly by Farquhar through the trust decreased.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by a company insider under a pre-existing trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock sales by a company insider, which is a common occurrence in publicly traded companies. The use of a 10b5-1 trading plan is a standard practice to allow insiders to sell shares while avoiding accusations of insider trading.

Stakeholder Impact

• The stock sales by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Atlassian, Scott Farquhar, Class A Common Stock, Form 4, Rule 10b5-1, Director, Stock Sale, Beneficial Ownership, Skip Enterprises Pty Limited, Farquhar Family Trust