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

Scott Farquhar, a director and 10% owner of Atlassian Corp, sold Class A Common Stock on May 1, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 1, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp, executed multiple sales of Class A Common Stock.
• These transactions were carried out under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were executed at varying prices, with weighted-average prices reported for each transaction.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following these transactions, Farquhar indirectly owns 198,700 shares of Class A Common Stock through the trust.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure of stock sales by a company insider, which is common among publicly traded companies. The use of a 10b5-1 trading plan allows insiders to sell shares over time while avoiding concerns about insider trading.

Stakeholder Impact

• The stock sales by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Form 4, Atlassian, TEAM, Scott Farquhar, 10b5-1 trading plan, Class A Common Stock, Director, Share Sale, Skip Enterprises Pty Limited, Farquhar Family Trust