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

Director Scott Farquhar sold shares of Atlassian Corp (TEAM) on April 22, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 22, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp (TEAM), 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 at varying prices throughout the day, ranging from approximately $195.21 to $201.43 per share.
• A total of 7,948 shares were sold across six transactions.
• The sales resulted in a decrease in the number of shares indirectly beneficially owned by Farquhar through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It is common for executives and directors to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading.

Key Dates

Keywords

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