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

Atlassian director Scott Farquhar sold shares of Class A Common Stock on January 29, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 29, 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 sales at varying prices throughout the day, with weighted-average prices ranging from $266.9582 to $274.2033.
• A total of 8 sales were executed.
• The shares are held indirectly through Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, the number of shares beneficially owned indirectly by Farquhar through the trust decreased.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by a company director. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This is a routine disclosure of insider trading activity. Directors often use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The share sales may have a minor impact on shareholders, potentially exerting downward pressure on the stock price, although the effect is likely minimal given the pre-planned nature of the sales.

Key Dates