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

Scott Farquhar, a director at Atlassian, sold Class A Common Stock on February 5, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 5, 2025, Scott Farquhar, a director of Atlassian Corp, executed multiple sales of Class A Common Stock.
• These transactions were carried out under a pre-existing Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were executed in multiple trades at varying prices throughout the day.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Farquhar sold 750 shares at a weighted average price of $315.6148, 700 shares at $317.9079, 976 shares at $316.6711, 1,779 shares at $320.6178, 2,440 shares at $319.8571 and 1,303 shares at $318.9007.
• Following these transactions, the number of shares beneficially owned by Farquhar through the trust is 294,076.

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, and the use of a 10b5-1 trading plan allows insiders to sell shares over a period of time without being accused of trading on inside information. It is common for directors and officers of public companies to utilize 10b5-1 plans for selling company stock.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating downward pressure on the stock price, although the effect is likely to be minimal due to the pre-planned nature of the sales.

Key Dates

Keywords

Form 4, Atlassian, TEAM, Scott Farquhar, Rule 10b5-1, Stock Sale, Director, Farquhar Family Trust, Skip Enterprises Pty Limited