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

Scott Farquhar, a director and 10% owner of Atlassian Corp, sold Class A Common Stock on September 11, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 11, 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.
• The transactions involved multiple sales at varying prices, with weighted-average prices ranging from $162.025 to $166.3875.
• A total of 7,948 shares were sold, reducing the indirect holdings by the Farquhar Family Trust.
• Following the reported transactions, the Farquhar Family Trust indirectly holds 103,324 to 107,511 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-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by company insiders are a common occurrence and are often viewed in the context of pre-arranged trading plans to avoid accusations of trading on material non-public information. The market typically analyzes the size and frequency of such sales to gauge insider sentiment.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates