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

Director Scott Farquhar sold shares of Atlassian Corp (TEAM) Class A Common Stock on March 18, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 18, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp (TEAM), sold shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved multiple sales at varying prices, with weighted-average prices reported for each block of shares sold.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, the number of shares beneficially owned indirectly by Farquhar through the trust decreased.

Sentiment

Score: 5

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

Industry Context

Sales by insiders are a common occurrence, and the use of a 10b5-1 plan allows insiders to sell shares over a period of time without being accused of trading on inside information.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates

Keywords

Form 4, Atlassian, TEAM, Scott Farquhar, Rule 10b5-1, Stock Sale, Director, Beneficial Ownership, Skip Enterprises Pty Limited, Farquhar Family Trust