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

Scott Farquhar, a director and 10% owner of Atlassian Corp, sold Class A Common Stock on February 18, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 18, 2025, Scott Farquhar, a director and 10% owner of 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, with weighted-average prices reported for each block of shares sold.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, Farquhar still beneficially owns 230,492 shares of Class A Common Stock indirectly through the trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence and are often planned in advance, especially through mechanisms like 10b5-1 trading plans. These plans allow insiders to sell shares at predetermined times and prices, avoiding concerns about trading on non-public information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 trading plan mitigates concerns about insider trading.

Key Dates

Keywords

Form 4, Atlassian, TEAM, Scott Farquhar, Share Sale, 10b5-1 Trading Plan, Director, Beneficial Ownership, Class A Common Stock