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 February 4, 2025, 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 February 4, 2025.
• 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 $311.05 to $319.4567.
• A total of 7,948 shares were sold, resulting in a decrease in direct ownership but an indirect beneficial ownership of 302,024 308,950 shares through the Farquhar Family Trust.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-arranged trading plan, which is a common practice.

Industry Context

This is a routine disclosure of insider trading activity. It is common for executives and directors to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading.

Stakeholder Impact

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

Key Dates

Keywords

Atlassian, TEAM, Scott Farquhar, Form 4, Share Sale, Rule 10b5-1, Director, Insider Trading, Beneficial Ownership, Skip Enterprises Pty Limited, Farquhar Family Trust