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

Atlassian director Scott Farquhar sold shares of Class A Common Stock on May 7, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 7, 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 pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were executed at varying prices, with weighted-average prices ranging from $204.4778 to $208.2472 per share.
• A total of 8,948 shares were sold across five separate transactions.
• Following these transactions, Farquhar indirectly owns 166,908 shares through the Farquhar Family Trust.

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 inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a normal part of corporate governance, especially when executed under pre-arranged trading plans like Rule 10b5-1. These plans allow insiders to sell shares over a period of time without being accused of trading on 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.
• However, since the sales are conducted under a pre-arranged plan, the impact is likely to be minimal.

Key Dates

Keywords

Atlassian, Scott Farquhar, Class A Common Stock, Form 4, Rule 10b5-1, Director, Stock Sale, Beneficial Ownership