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

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

Summary

• On May 14, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp, sold shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved multiple sales at varying prices throughout the day.
• Farquhar sold 100 shares at a weighted-average price of $229.54, 3,327 shares at $224.5829, 1,650 shares at $226.3733, 500 shares at $227.2912, 100 shares at $228.58 and 2,271 shares at $225.2948.
• Following these transactions, Farquhar directly owns 135,016 shares and indirectly owns 127,168 shares through the Farquhar Family Trust.

Sentiment

Score: 5

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

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 inside information.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates

Keywords

Atlassian, Scott Farquhar, TEAM, Form 4, Stock Sale, Rule 10b5-1, Director, Shareholder