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 April 23, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 23, 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 the disposal of shares held indirectly through the Farquhar Family Trust, with Skip Enterprises Pty Limited acting as trustee.
• The prices per share varied across the transactions, ranging from $207.0704 to $217.29.
• A total of 8,444 shares were sold, resulting in a reduced beneficial ownership of Class A Common Stock.
• Following the reported transactions, Farquhar's indirect beneficial ownership stands at 246,388 shares held by trust.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing, indicating routine transactions under a pre-existing trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information.

Stakeholder Impact

• The share sales may have a minor impact on shareholders due to the increased supply of shares in the market.
• The sales are unlikely to significantly affect employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Atlassian, Scott Farquhar, Share Sale, Rule 10b5-1, Director, TEAM