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

Director Scott Farquhar sold shares of Atlassian Corp (TEAM) on April 25, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 25, 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 trades at varying prices, with weighted-average prices ranging from $226.288 to $231.5757.
• A total of 7,948 shares were sold across six transactions.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, the number of shares beneficially owned indirectly by Farquhar through the trust is 230,492.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales under a pre-arranged trading plan. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence, and 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 by a director could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, Director, Stock Sale, Rule 10b5-1, Farquhar Family Trust, Skip Enterprises Pty Limited, Class A Common Stock, Beneficial Ownership