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 9, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On October 9, 2024, Scott Farquhar, a director and 10% owner of Atlassian Corp, sold shares 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 throughout the day.
• The shares are held indirectly through Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Farquhar sold 71 shares at a weighted average price of $169.7701, 150 shares at $168.3067, 2,223 shares at $177.1471, 4,432 shares at $176.5867, 561 shares at $175.1892, 461 shares at $174.4482 and 50 shares at $171.45.
• Following these transactions, Farquhar indirectly beneficially owns 453,036 shares through the trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to insider trading under a pre-arranged plan, so it doesn't convey strong positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence and are often planned in advance, especially through 10b5-1 trading plans. These plans allow insiders to sell shares at predetermined times and prices, avoiding accusations of trading on non-public information.

Key Dates