Form 4: Atlassian Director Scott Farquhar Sells Class A Common Stock
SEC Form 4
Scott Farquhar, a director and 10% owner of Atlassian Corp, sold Class A Common Stock on March 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 3, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp [TEAM], sold multiple blocks of Class A Common Stock.
- The sales were executed at various prices ranging from approximately $272.90 to $285.44 per share.
- These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2024.
- Following these transactions, Farquhar continues to indirectly own a significant amount of Atlassian's Class A Common Stock through a family trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-existing trading plan, with no explicit positive or negative implications for the company's performance.
Industry Context
Sales by insiders are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Stakeholder Impact
- The stock sale by a director could have a minor negative impact on shareholder sentiment in the short term.
Key Dates
| Date | Description |
|---|---|
| 02/14/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 03/03/2025 | Date of transactions (sale of Class A Common Stock) |
| 03/04/2025 | Date of signature on the Form 4 filing |
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