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

Scott Farquhar, a director and 10% owner of Atlassian Corp, executed multiple sales of Class A Common Stock on April 4, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 4, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp, sold shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved multiple trades at varying prices throughout the day.
• The shares were sold indirectly through the Farquhar Family Trust, with Skip Enterprises Pty Limited acting as trustee.
• The total number of shares sold was 7,943.
• The price per share ranged from $181.84 to $193.15.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider stock sales under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transactions.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider and is a common occurrence for publicly traded companies. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific inside information.

Stakeholder Impact

• The stock sales by a director could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

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