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 April 24, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 24, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp, 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 throughout the day.
• A total of 7,949 shares were sold at prices ranging from $216.3575 to $225.7693.
• The shares are held indirectly through Skip Enterprises Pty Limited as trustee for the Farquhar Family Trust.
• Following the reported transactions, Farquhar indirectly beneficially owns 238,440 shares through the trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity under a pre-arranged plan. It's neutral in sentiment as it simply reports transactions.

Industry Context

Sales by insiders are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The share sales could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates

Keywords

Form 4, Atlassian, TEAM, Scott Farquhar, Share Sale, Rule 10b5-1, Director, Beneficial Ownership, Skip Enterprises Pty Limited, Farquhar Family Trust