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

Director Scott Farquhar sold shares of Atlassian Corp (TEAM) Class A Common Stock on May 12, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 12, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp (TEAM), executed multiple sales of Class A Common Stock.
• These transactions were conducted under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were executed at varying prices, with weighted average prices ranging from $218.7495 to $223.6432.
• A total of 7,948 shares were sold across six transactions.
• Following these transactions, Farquhar continues to indirectly own a significant number of Atlassian 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 plan. It doesn't inherently convey positive or negative sentiment.

Positives

• The sales were conducted under a pre-arranged 10b5-1 trading plan, which is a legal and transparent way for insiders to sell shares.

Industry Context

Sales by insiders are common and often pre-planned, but investors often monitor these sales for signals about management's view of the company's prospects.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, Director, Form 4, Stock Sale, 10b5-1 Plan, Insider Trading, Securities Exchange Act