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

Director Scott Farquhar sold Atlassian shares on April 8, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Scott Farquhar, a director and 10% owner of Atlassian Corp, sold shares of Class A Common Stock on April 8, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• A total of 7,748 shares were sold at various prices ranging from $180.18 to $198.69.
• The transactions resulted in a decrease in Farquhar's indirect beneficial ownership, held by Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust, to 325,868 shares.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing, indicating routine transactions. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Sales by insiders are a normal part of corporate governance, especially when executed under pre-arranged trading plans like Rule 10b5-1, which allows insiders to sell shares at predetermined times to avoid accusations of trading on inside information.

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

Form 4, Atlassian, TEAM, Scott Farquhar, Share Sale, 10b5-1 Trading Plan, Director, Beneficial Ownership, Class A Common Stock