Form 4: Atlassian Director Scott Farquhar Executes Stock Sales Under 10b5-1 Trading Plan
SEC Form 4
Director Scott Farquhar sold shares of Atlassian Corp (TEAM) under a pre-arranged 10b5-1 trading plan.
Summary
- On May 19, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp, sold shares of Class A Common Stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
- Farquhar sold 530 shares at a weighted-average price of $216.1498, 3,082 shares at $215.3425, and 4,336 shares at $214.4608.
- Following the transactions, Farquhar directly owns 110,742 shares and indirectly owns 103,324 shares through the Farquhar Family Trust.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock sales under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 02/14/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 05/19/2025 | Date of stock sale transactions |
| 05/20/2025 | Date of signature on the Form 4 |
Keywords
Form 4, Atlassian, TEAM, Scott Farquhar, 10b5-1 trading plan, stock sale, director, Class A Common Stock
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