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 13, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 13, 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 multiple trades at varying prices throughout the day.
• The shares were sold at prices ranging from $224.88 to $232.30.
• The total number of shares sold was 8,198.
• Following the reported transactions, Farquhar indirectly owns 135,116 shares through the Farquhar Family Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any forward-looking statements.

Industry Context

This is a routine disclosure of insider trading activity, which is common among publicly traded companies. Directors often use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale by a director could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this.

Key Dates

Keywords

Form 4, Atlassian, TEAM, Scott Farquhar, Rule 10b5-1, insider trading, stock sale, Class A Common Stock