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

Atlassian director Scott Farquhar sold a portion of his Class A Common Stock on October 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a director and 10% owner of Atlassian Corp, sold shares of Class A Common Stock on October 28, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• 6,339 shares were sold at a weighted-average price of $188.4853, with prices ranging from $188.00 to $188.99.
• 1,609 shares were sold at a weighted-average price of $189.2368, with prices ranging from $189.00 to $189.71.
• Following the transactions, Farquhar directly owns 351,321 shares and indirectly owns 349,712 shares through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. The use of a 10b5-1 plan suggests the sales were pre-planned and not indicative of a change in sentiment regarding the company's prospects.

Industry Context

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

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates