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 May 5, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 5, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp [TEAM], executed multiple sales of Class A Common Stock.
• These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were executed at various prices, ranging from $207.31 to $213.78 per share.
• A total of 8,453 shares were sold across seven transactions.
• The shares are indirectly held by the Farquhar Family Trust, with Skip Enterprises Pty Limited acting as trustee.
• Following these transactions, the number of shares beneficially owned indirectly by Farquhar through the trust is 182,804.

Sentiment

Score: 5

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

Industry Context

Sales by insiders are a common occurrence and are often planned in advance, especially through mechanisms like 10b5-1 trading plans. These plans allow insiders to sell shares at predetermined times and prices, avoiding accusations of trading on non-public information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased selling pressure.
• However, since the sales are part of a pre-planned trading strategy, the impact is likely to be minimal.

Key Dates

Keywords

Form 4, Atlassian, Scott Farquhar, Class A Common Stock, Rule 10b5-1 trading plan, Director, Share Sale, Beneficial Ownership