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 2, 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 2, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• A total of 8,448 shares were sold in multiple transactions at varying prices.
• The weighted average sale prices ranged from $159.6522 to $162.61.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, the Farquhar Family Trust beneficially owns 492,776 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports the sale of shares under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. The market typically analyzes the size and frequency of such sales to gauge potential impact.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to slight downward pressure on the stock price in the short term.

Key Dates