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

Atlassian director Scott Farquhar sold Class A Common Stock on September 26, 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 September 26, 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 set of trades.
• The shares are indirectly held by the Farquhar Family Trust through Skip Enterprises Pty Limited as trustee.
• The total number of shares sold directly was 7,948.
• The sales prices ranged from $160.93 to $164.52 per share.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

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

Key Dates