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

Director Scott Farquhar sold shares of Atlassian Corp (TEAM) on March 21, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 21, 2025, Scott Farquhar, a Director and 10% Owner of Atlassian Corp (TEAM), sold Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions involved multiple trades at varying prices throughout the day.
• A total of 8,128 shares were sold at prices ranging from approximately $219.00 to $227.97.
• The shares are held indirectly through Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, Farquhar indirectly owns 47,688 shares through the trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard Form 4 filing related to pre-planned stock sales by a director. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions. It's common for executives and directors to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information. The market typically views these transactions based on the overall trend and volume, rather than as a direct reflection of the company's current performance.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, but is unlikely to have a significant impact due to the pre-planned nature of the transactions.

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, Director, 10% Owner, Class A Common Stock, Rule 10b5-1 Trading Plan, SEC Form 4, Stock Sale, Insider Trading