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

Atlassian director Scott Farquhar sold Class A Common Stock in multiple transactions on September 10, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a director and 10% owner of Atlassian Corp, sold Class A Common Stock on September 10, 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 ranging from $158.5821 to $162.3385.
• A total of 8,928 shares were sold, reducing Farquhar's direct holdings and indirect holdings through the Farquhar Family Trust.
• Following the reported transactions, Farquhar directly owns 170 shares and indirectly owns 111,272 shares through a trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives and directors to sell shares under pre-arranged trading plans to avoid accusations of trading on inside information.

Stakeholder Impact

• The share sales could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this.

Key Dates