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 September 20, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On September 20, 2024, Scott Farquhar, a director at 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 1,960 shares were sold at a weighted average price of $162.281, with prices ranging from $161.73 to $162.71.
• An additional 5,838 shares were sold at a weighted average price of $163.0962, with prices ranging from $162.75 to $163.73.
• Finally, 150 shares were sold at a weighted average price of $163.87, with prices ranging from $163.77 to $163.92.
• Following these transactions, Farquhar directly owns 53,676 shares and indirectly owns 47,688 shares through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. The sentiment is neutral as it simply reports the sale of shares under a pre-arranged trading plan.

Industry Context

Sales by company insiders are a common occurrence and are often planned in advance, especially through mechanisms like 10b5-1 trading plans. These plans allow insiders to sell shares over a period of time without being accused of trading on inside information.

Stakeholder Impact

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

Key Dates