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

Director Scott Farquhar sold shares of Atlassian Corp (TEAM) Class A Common Stock on February 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 3, 2025, Scott Farquhar, a director of Atlassian Corp (TEAM), executed multiple sales of Class A Common Stock.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved the disposal of varying amounts of shares at different prices throughout the day.
• The shares are indirectly beneficially owned through the Farquhar Family Trust, with Skip Enterprises Pty Limited acting as trustee.
• The total number of shares sold was 5,248.
• The remaining shares beneficially owned following the transactions is 309,972.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-arranged trading plan, which is a common and legal practice.

Future Outlook

The reporting person may continue to make transactions pursuant to the Rule 10b5-1 trading plan.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider and is a common practice among publicly traded companies. The use of a 10b5-1 plan allows insiders to sell shares over a period of time without being accused of trading on non-public information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market.
• The impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates

Keywords

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