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

Scott Farquhar, a director and 10% owner of Atlassian Corp, sold shares of Class A Common Stock on April 17, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 17, 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 pre-existing Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were executed at varying prices, with weighted-average prices ranging from $202.3081 to $204.97 per share.
• A total of 7,948 shares were sold across the multiple transactions.
• Following these transactions, Farquhar's indirectly held beneficial ownership stands at 270,232 shares through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: This is a routine Form 4 filing related to pre-planned stock sales. It doesn't inherently indicate positive or negative sentiment, as it's part of a pre-arranged trading plan.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. The use of a 10b5-1 plan provides a legal framework for insiders to sell shares over a period of time.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the pre-planned nature of the sales and the relatively small volume compared to the overall market capitalization of Atlassian.

Key Dates

Keywords

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