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

Scott Farquhar, a director and 10% owner of Atlassian Corp, sold Class A Common Stock in multiple transactions on November 4, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On November 4, 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 Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were executed at varying prices, with weighted-average prices reported for each set of transactions.
• The shares are held indirectly through Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Farquhar sold 400 shares at a weighted average price of $217.6425, 1,101 shares at $220.27, 100 shares at $215.74, 2,731 shares at $219.455, and 3,616 shares at $218.6558.
• Following these transactions, the number of shares held indirectly by the Farquhar Family Trust decreased.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company insiders are a common occurrence and are often planned in advance to avoid accusations of insider trading. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices.

Key Dates