Form 4: Atlassian CEO Michael Cannon-Brookes Disposes of Class A Common Stock
SEC Form 4 Filing
Atlassian CEO Michael Cannon-Brookes sold shares of Class A Common Stock on October 18, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Michael Cannon-Brookes, CEO and Co-Founder of Atlassian Corp, reported the disposition of Class A Common Stock on October 18, 2024.
- The transactions were executed under a Rule 10b5-1 trading plan adopted on February 8, 2024.
- The sales were conducted in multiple trades at varying prices, with weighted-average prices reported for each transaction.
- The shares were sold at prices ranging from $188.79 to $193.62.
- Following the reported transactions, Cannon-Brookes indirectly owns 397,400 to 401,045 shares of Class A Common Stock through a trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by an executive, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity and provides transparency to the market regarding the transactions of company executives.
Key Dates
| Date | Description |
|---|---|
| February 8, 2024 | Date the Reporting Person adopted the Rule 10b5-1 trading plan |
| October 18, 2024 | Date of the reported transactions (sale of Class A Common Stock) |
| October 21, 2024 | Date of signature for the Form 4 filing |
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