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 March 20, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 20, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp, 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, ranging from $224.40 to $230.66 per share.
• A total of 7,948 shares were sold, resulting in a decrease in the number of shares indirectly beneficially owned by Farquhar through the Farquhar Family Trust.
• The shares are held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, Farquhar indirectly beneficially owns 55,636 shares of Class A Common Stock through the trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions executed under a pre-existing trading plan. There is no indication of positive or negative sentiment towards the company's prospects.

Industry Context

Sales by insiders are a common occurrence and are often planned in advance, especially through 10b5-1 trading plans. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information. The market typically views these sales in the context of the overall health and prospects of the company.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Atlassian, TEAM, Scott Farquhar, Class A Common Stock, 10b5-1 trading plan, Director, Share Sale, Beneficial Ownership, Skip Enterprises Pty Limited, Farquhar Family Trust