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 April 1, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a director and 10% owner of Atlassian Corp, executed multiple sales of Class A Common Stock on April 1, 2025.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved the disposal of shares held indirectly through the Farquhar Family Trust, managed by Skip Enterprises Pty Limited.
• The sales occurred at varying prices, with weighted-average prices ranging from $208.6184 to $216.0573 per share.
• A total of 8,308 shares were sold, resulting in a decrease in the number of shares beneficially owned by the trust.
• Following the reported transactions, the Farquhar Family Trust indirectly holds 365,608 shares of Atlassian Class A Common Stock.

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 convey any particularly positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.

Key Dates

Keywords

Form 4, Atlassian, Scott Farquhar, Stock Sale, 10b5-1 Plan, Director, TEAM