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

Atlassian director Scott Farquhar sold a total of 8,048 Class A common stock shares on January 8, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a director at Atlassian, sold 8,048 shares of Class A common stock on January 8, 2025.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions occurred in multiple trades throughout the day at varying prices.
• The shares were sold at weighted average prices ranging from $240.8155 to $247.88.
• The shares are held indirectly by the Farquhar Family Trust through Skip Enterprises Pty Limited as trustee.
• Following these transactions, Mr. Farquhar's indirect holdings decreased to 445,088 shares.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by a director under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure of insider trading activity, which is common for publicly traded companies. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on any material non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives and directors of publicly traded companies to avoid accusations of insider trading.
• The reported transactions are consistent with standard SEC Form 4 filings for insider stock sales.
• Comparable companies would also have similar filings when directors or officers sell shares.

Stakeholder Impact

• The stock sales may have a minor impact on the share price, but the pre-planned nature of the transactions should mitigate any significant effects.
• The disclosure provides transparency to shareholders regarding insider trading activity.

Key Dates

Keywords

Atlassian, Scott Farquhar, insider trading, Form 4, stock sale, Rule 10b5-1, beneficial ownership, TEAM