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

Scott Farquhar, a director and 10% owner of Atlassian Corp, executed multiple sales of Class A Common Stock on March 26, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 26, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp [TEAM], 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, with weighted-average prices reported for each set of trades.
• The shares were sold indirectly through Skip Enterprises Pty Limited, as trustee for the Farquhar Family Trust.
• Following the reported transactions, the number of shares beneficially owned indirectly by Farquhar through the trust decreased.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider trading activity. The sales were conducted under a pre-arranged plan, so it doesn't necessarily indicate a negative outlook on the company. Therefore, the sentiment is neutral.

Industry Context

Insider transactions are routinely monitored and reported to the SEC. Sales under 10b5-1 plans are common and allow insiders to sell shares over a period of time while avoiding accusations of trading on non-public information.

Stakeholder Impact

• The stock sale 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, Scott Farquhar, TEAM, insider trading, Rule 10b5-1, stock sale, beneficial ownership, director