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

Scott Farquhar, a director and 10% owner of Atlassian Corp, sold shares of Class A Common Stock on December 24, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On December 24, 2024, 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, with weighted-average prices ranging from $252.316 to $257.3226 per share.
• The shares were sold directly and indirectly through the Farquhar Family Trust, for which Skip Enterprises Pty Limited acts as trustee.
• Following the reported transactions, Farquhar directly owns no shares and indirectly owns between 31,792 and 37,190 shares through the trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-existing trading plan, which is a routine activity.

Industry Context

Sales by insiders are a common occurrence, and pre-planned sales under 10b5-1 plans are often viewed as less impactful than discretionary sales. It is important to monitor insider activity in conjunction with overall company performance and market conditions.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the existence of a pre-arranged trading plan mitigates this concern.

Key Dates