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

Atlassian director Scott Farquhar sold Class A Common Stock on October 31, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a director and 10% owner of Atlassian Corp, sold Class A Common Stock on October 31, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• A total of 7,948 shares were sold in multiple transactions at weighted average prices ranging from $188.8455 to $190.684.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, Farquhar indirectly owns 325,868 to 331,442 shares through the trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing, indicating insider trading activity under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates