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

Director Scott Farquhar sold Atlassian Corp [TEAM] Class A Common Stock on February 13, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On February 13, 2025, Scott Farquhar, a director and 10% owner of Atlassian Corp [TEAM], sold 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.
• A total of 8,953 shares were sold at prices ranging from approximately $314.15 to $320.18.
• The shares are held 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 is 246,388.

Sentiment

Score: 5

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

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This is a routine disclosure of insider trading activity. Insiders often use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The impact on the stock price is usually minimal unless the sales are unusually large.

Stakeholder Impact

• The share sales 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, TEAM, Scott Farquhar, Share Sale, 10b5-1 Trading Plan, Director, Beneficial Ownership, Class A Common Stock