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

Atlassian director Scott Farquhar executed multiple sales of Class A Common Stock on September 23, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 23, 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.
• A total of 2,355 shares were sold at a weighted average price of $161.3423, with prices ranging from $160.96 to $161.91.
• An additional 1,891 shares were sold at a weighted average price of $163.2609, with prices ranging from $162.98 to $163.89.
• Furthermore, 3,702 shares were sold at a weighted average price of $162.3572, with prices ranging from $161.98 to $162.96.
• Following these transactions, Farquhar directly owns no shares, but indirectly owns 45,333, 43,442 and 39,740 shares respectively through Skip Enterprises Pty Limited as trustee for the Farquhar Family 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 it simply reports transactions.

Industry Context

This filing 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 sales by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates