Form 4: Atlassian Director Scott Farquhar Sells Class A Common Stock

Director Scott Farquhar executed multiple sales of Atlassian Class A Common Stock on September 13, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 13, 2024, Scott Farquhar, a director at 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.
• The transactions involved multiple trades at varying prices.
• Farquhar sold 2,183 shares at a weighted average price of $165.1609, 250 shares at $166.122, 3,935 shares at $163.4619, and 1,580 shares at $164.4653.
• Following these transactions, Farquhar indirectly owns 87,428 shares through the Farquhar Family Trust.

Sentiment

Score: 5

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

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity, which is common among corporate executives and directors. It provides transparency to the market regarding the trading activities of company insiders.

Stakeholder Impact

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

Key Dates