Form 4: Atlassian Director Scott Farquhar Sells Shares Under 10b5-1 Plan
SEC Form 4
Atlassian director Scott Farquhar sold a total of 7,949 Class A common stock shares on November 14, 2024, through a pre-arranged 10b5-1 trading plan.
Summary
- Scott Farquhar, a director at Atlassian, sold 7,949 shares of Class A common stock on November 14, 2024.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2024.
- The transactions occurred in multiple trades throughout the day at varying prices.
- The shares were sold at weighted average prices ranging from $249.9544 to $255.63 per share.
- The shares are held indirectly by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
- Following these transactions, the number of shares held indirectly by the trust decreased.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to a pre-planned share sale by a director. It does not indicate any positive or negative sentiment about the company's performance.
Risks
- The sale of shares by a director could be perceived negatively by the market, potentially impacting the stock price.
Industry Context
This is a routine filing related to insider trading activity and is common for executives and directors of publicly traded companies. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.
Comparison to Industry Standards
- The use of a 10b5-1 trading plan is a standard practice among executives and directors of publicly traded companies to manage their personal finances while avoiding potential insider trading issues.
- Similar filings are regularly made by executives at companies like Microsoft, Google, and Apple, when they sell shares under pre-arranged plans.
Stakeholder Impact
- The share sale may have a minor impact on the stock price, but it is unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/14/2024 | Date the Rule 10b5-1 trading plan was adopted by Scott Farquhar. |
| 11/14/2024 | Date of the share sale transactions. |
| 11/15/2024 | Date the Form 4 was signed. |
Keywords
Atlassian, Scott Farquhar, insider trading, Form 4, 10b5-1 plan, share sale, stock transaction, Class A common stock
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.