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

Atlassian director Scott Farquhar sold shares of Class A Common Stock on October 14, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On October 14, 2024, Scott Farquhar, a director and 10% owner of Atlassian Corp, 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 the disposal of 2,364 shares at a weighted average price of $194.4358, 350 shares at $190.4986, 1,936 shares at $193.5684, 100 shares at $196.19, 1,248 shares at $195.5645, 1,250 shares at $192.5933, and 700 shares at $191.457.
• Following these transactions, the number of shares indirectly beneficially owned by Farquhar through the Farquhar Family Trust is 429,192.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales under a pre-arranged trading plan. It doesn't convey any particularly positive or negative sentiment.

Industry Context

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

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates