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 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 3, 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 trades at varying prices.
• A total of 2,383 shares were sold at a weighted-average price of $163.9566, with prices ranging from $163.55 to $164.53.
• An additional 3,721 shares were sold at a weighted-average price of $163.1668, with prices ranging from $162.54 to $163.52.
• Furthermore, 1,844 shares were sold at a weighted-average price of $164.9185, with prices ranging from $164.57 to $165.44.
• Following these transactions, Farquhar directly owns no shares, but indirectly owns 151,012 shares through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales by a company director under a pre-existing trading plan. It doesn't contain information that would significantly shift investor sentiment positively or negatively.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices.

Stakeholder Impact

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

Key Dates