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

Scott Farquhar, a director and 10% owner of Atlassian Corp, sold shares of Class A Common Stock on March 7, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 7, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp [TEAM], sold multiple blocks 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 throughout the day, with weighted-average prices reported for each block of shares sold.
• The shares are indirectly held by the Farquhar Family Trust, with Skip Enterprises Pty Limited acting as trustee.
• Following these transactions, Farquhar's indirect beneficial ownership decreased, but he still holds a substantial number of shares through the trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-existing trading plan, which is a common and legal practice. There is no indication of positive or negative implications for the company's performance.

Industry Context

Sales by insiders are a common occurrence, and the use of 10b5-1 trading plans allows insiders to sell shares over time while avoiding concerns about insider trading. The market typically views these sales in the context of the overall health and prospects of the company.

Stakeholder Impact

• The share sales may have a minor impact on shareholders due to the slight dilution of ownership.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely to be negligible.

Key Dates