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

Atlassian director Scott Farquhar sold Class A Common Stock on December 23, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On December 23, 2024, 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-existing Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were executed at varying prices, with weighted-average prices ranging from $251.0737 to $255.8367.
• The shares were sold indirectly through the Farquhar Family Trust, with Skip Enterprises Pty Limited acting as trustee.
• Following these transactions, Farquhar continues to beneficially own a significant amount of Atlassian's Class A Common Stock, both directly and indirectly through the trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

This 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.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market.
• The impact is likely to be minimal as the sales were conducted under a pre-arranged trading plan.

Key Dates