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

Director Scott Farquhar sold shares of Atlassian Corp (TEAM) on March 28, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 28, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp (TEAM), sold Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved multiple sales at varying prices, with weighted-average prices reported for each block of shares sold.
• 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 7,948.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales under a pre-arranged plan, so the sentiment is neither positive nor negative.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for corporate insiders to use 10b5-1 plans to sell shares over time to avoid accusations of trading on material non-public information.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates

Keywords

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