Form 4: Atlassian Director Scott Farquhar Sells Shares Under 10b5-1 Plan

Atlassian director Scott Farquhar sold a total of 7,948 Class A common stock shares on November 29, 2024, through a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a director at Atlassian, sold 7,948 shares of Class A common stock on November 29, 2024.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2024.
• The transactions were conducted through multiple trades at varying prices throughout the day.
• The shares were sold at weighted average prices ranging from $263.0613 to $265.644 per share.
• The shares are held indirectly through Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by a director under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on any material non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice for corporate insiders to avoid accusations of trading on non-public information, and is common across all publicly listed companies.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement for all US listed companies.

Stakeholder Impact

• The stock sales may have a minor impact on the stock price, but the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any new information.

Key Dates

Keywords

Atlassian, Scott Farquhar, insider trading, Form 4, 10b5-1 plan, stock sale, Class A common stock, director