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 28, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 28, 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 involved the sale of 1,243 shares at a weighted average price of $228.6652, 1,400 shares at $227.5238, 1,383 shares at $229.6727, 3,422 shares at $230.4788, and 500 shares at $231.427.
• Following these transactions, Farquhar indirectly owns 222,544 shares through 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 stock sales by a company insider under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Form 4, Atlassian, TEAM, Scott Farquhar, Rule 10b5-1, Stock Sale, Director, Beneficial Ownership