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 May 8, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 8, 2025, Scott Farquhar, a director of Atlassian Corp, sold multiple blocks of Class A Common Stock.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on February 14, 2024.
• The sales were conducted at varying prices, ranging from $206.33 to $211.46 per share.
• The total number of shares sold in these transactions was 8,059.
• Following these transactions, Farquhar still beneficially owns 158,960 shares indirectly through a trust.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by a company insider under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

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 sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Atlassian, Scott Farquhar, Class A Common Stock, Form 4, Rule 10b5-1, Director, Share Sale, Beneficial Ownership, Trading Plan