Form 4: Atlassian Director Scott Farquhar Executes Stock Sales Under 10b5-1 Plan
SEC Form 4
Atlassian director Scott Farquhar sold shares of Class A Common Stock on April 30, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On April 30, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp [TEAM], 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 throughout the day, with weighted-average prices reported for each block of shares sold.
- The shares are indirectly beneficially owned through the Farquhar Family Trust, with Skip Enterprises Pty Limited acting as trustee.
- Farquhar sold shares in multiple transactions at prices ranging from approximately $221.00 to $228.35.
- The total number of shares sold was 8,598.
- Following the reported transactions, the number of shares beneficially owned by the trust decreased.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.
Industry Context
Sales by insiders are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1, which allows insiders to sell shares at predetermined times and prices to avoid accusations of trading on non-public information. The market typically views these sales in the context of the overall trading plan and the insider's remaining holdings.
Stakeholder Impact
- The stock sales could have a minor impact on shareholder sentiment, depending on the volume and context of the sales.
- However, since the sales are conducted under a pre-arranged plan, the impact is likely to be minimal.
Key Dates
| Date | Description |
|---|---|
| 02/14/2024 | Date the Reporting Person adopted the Rule 10b5-1 trading plan |
| 04/30/2025 | Date of the stock sale transactions |
| 05/01/2025 | Date of the Form 4 filing |
Keywords
Atlassian, Scott Farquhar, Class A Common Stock, Rule 10b5-1, Director, Share Sale, Form 4, Insider Trading, Farquhar Family Trust, Skip Enterprises Pty Limited
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