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

Director Scott Farquhar executed multiple sales of Atlassian Corp [TEAM] Class A Common Stock on January 24, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 24, 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 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 indirectly beneficially owns 357,660 to 365,208 shares of Class A Common Stock through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating stock sales by a company insider under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

This filing is a routine disclosure of stock sales by a company insider and is a common practice among executives and directors of publicly traded companies. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time without being accused of trading on non-public information.

Stakeholder Impact

• The stock sales by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates