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

Atlassian director Scott Farquhar executed multiple sales of Class A Common Stock on April 29, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Farquhar, a director and 10% owner of Atlassian Corp, sold Class A Common Stock on April 29, 2025.
• 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 ranging from $228.5435 to $231.3525.
• A total of 7,948 shares were sold across four transactions.
• Following the reported transactions, Farquhar indirectly owns 214,596 to 221,844 shares through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. The use of a 10b5-1 plan suggests the sales were pre-planned and not indicative of a negative outlook.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. The use of a 10b5-1 plan suggests the sales were planned well in advance.

Stakeholder Impact

• The share sales by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Atlassian, TEAM, Scott Farquhar, Rule 10b5-1, Share Sale, Director, Class A Common Stock, Farquhar Family Trust