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

Director Scott Farquhar sold shares of Atlassian Corp (TEAM) on February 21, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 21, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp (TEAM), sold multiple blocks 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 throughout the day, with weighted-average prices ranging from $284.141 to $296.929 per share.
• A total of 8,288 shares were sold, resulting in a decrease in the number of shares indirectly beneficially owned by Farquhar through the Farquhar Family Trust.
• Following the reported transactions, Farquhar indirectly beneficially owns 206,648 shares of Class A Common Stock through the trust.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by a company director under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact due to the pre-planned nature of the sales.

Key Dates

Keywords

Form 4, Atlassian, TEAM, Scott Farquhar, Share Sale, Rule 10b5-1, Director, Beneficial Ownership, Farquhar Family Trust