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 9, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 9, 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 pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were executed at varying prices, with weighted-average prices ranging from $205.4498 to $210.7041.
• A total of 350 shares were sold at $208.8177, 2,454 shares at $207.9218, 4,144 shares at $206.8922, 350 shares at $205.4498, 200 shares at $210.7041 and 450 shares at $209.803.
• Following these transactions, Farquhar still indirectly owns a significant amount of Atlassian's Class A Common Stock through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document simply reports stock sales under a pre-existing plan, indicating a neutral sentiment. It's a routine transaction rather than a reflection of the company's performance or future prospects.

Industry Context

Sales by insiders are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares over time without being accused of trading on inside information. It is important to consider the overall context of insider trading activity, including the number of insiders selling, the size of the sales, and the company's performance.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the potential for slight price fluctuations.
• The sales do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

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