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

Atlassian director Scott Farquhar sold Class A Common Stock on October 18, 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 18, 2024.
• 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 reported for each block of shares sold.
• The shares are held indirectly through Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Farquhar sold 4,302 shares at a weighted average price of $192.0206, 2,450 shares at $193.2014, 400 shares at $189.1013, and 796 shares at $191.2009.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-arranged trading plan, which is a common and legal practice. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Insider selling is a common occurrence, and sales under 10b5-1 plans are often viewed as less impactful since they are pre-arranged. However, significant insider selling can sometimes be interpreted negatively by the market.

Stakeholder Impact

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

Key Dates