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 April 15, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 15, 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 were executed at various prices, with weighted average prices ranging from $201.294 to $207.4906 per share.
• A total of 8,093 shares were sold, resulting in a decrease in the number of shares indirectly beneficially owned by Farquhar through the Farquhar Family Trust.
• Following the reported transactions, Farquhar indirectly beneficially owns 286,128 shares of Class A Common Stock through the Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives and directors to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates

Keywords

Form 4, Atlassian, Scott Farquhar, TEAM, insider trading, 10b5-1 plan, stock sale, director, beneficial ownership