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

Scott Farquhar, a director and 10% owner of Atlassian Corp, sold shares of Class A Common Stock on April 16, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 16, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp, executed multiple sales of Class A Common Stock.
• These transactions were carried out under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were executed at varying prices throughout the day, with weighted-average prices reported for each transaction.
• The shares were sold in multiple transactions at prices ranging from approximately $201.58 to $210.32.
• A total of 8,948 shares were sold on April 16, 2025.
• Following these transactions, Farquhar still beneficially owns a significant number of Atlassian shares indirectly through a trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Insider sales 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 impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates

Keywords

Atlassian, Scott Farquhar, insider trading, Form 4, stock sale, Rule 10b5-1, TEAM, director, beneficial ownership, Class A Common Stock