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

Director Scott Farquhar sold shares of Atlassian (TEAM) on March 14, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 14, 2025, Scott Farquhar, a director 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 trades at varying prices throughout the day.
• Farquhar sold 700 shares at a weighted-average price of $220.2766, 1,220 shares at $219.5505, 2,921 shares at $218.4104, 1,019 shares at $217.4014, 588 shares at $216.4858, 950 shares at $215.2488 and 550 shares at $214.2718.
• Following these transactions, Farquhar's indirectly held beneficial ownership decreased, with remaining shares held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Farquhar retains the right to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

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

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small volume of shares sold.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, Director, Stock Sale, Rule 10b5-1, Form 4, Insider Trading, Skip Enterprises Pty Limited, Farquhar Family Trust