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

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

Summary

• Scott Farquhar, a director and 10% owner of Atlassian Corp [TEAM], executed multiple sales of Class A Common Stock on February 10, 2025.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved the disposal of shares held directly and indirectly through the Farquhar Family Trust.
• The prices per share ranged from $317.11 to $325.48 across the various transactions.
• A total of 7,844 shares were sold on February 10, 2025.
• Following the reported transactions, Farquhar still beneficially owns 277,980 shares directly and 270,232 shares indirectly through a trust.

Sentiment

Score: 5

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

Industry Context

Sales by insiders are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sales could have a minor downward impact on the stock price in the short term due to increased selling pressure.
• However, the existence of a 10b5-1 plan mitigates concerns about insider trading and may reassure investors.

Key Dates

Keywords

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