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

Atlassian director Scott Farquhar sold Class A Common Stock in multiple transactions on October 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a director and 10% owner of Atlassian Corp, reported the sale of Class A Common Stock on October 3, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• A total of 915 shares were sold at a weighted average price of $160.8545, with prices ranging from $160.72 to $161.12.
• An additional 5,552 shares were sold at a weighted average price of $160.1967, with prices ranging from $159.72 to $160.71.
• Furthermore, 1,481 shares were sold at a weighted average price of $159.4664, with prices ranging from $158.72 to $159.72.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, Farquhar indirectly owns 484,828 shares through the trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. It doesn't inherently convey positive or negative sentiment, as the transactions are part of a pre-arranged trading plan.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's prospects or management's confidence.

Stakeholder Impact

• The share sales by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates