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 21, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 21, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp, sold multiple blocks of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved the disposal of 1,739 shares at a weighted-average price of $213.8009, 2,341 shares at $209.2613, 1,161 shares at $212.0891, 550 shares at $209.8682, 1,565 shares at $214.3653 and 592 shares at $211.3468.
• Following these transactions, Farquhar indirectly owns 87,428 to 93,637 shares through Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.

Sentiment

Score: 5

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

Industry Context

Sales by insiders are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares over a period of time without being accused 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

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