Form 4: Atlassian CEO Michael Cannon-Brookes Disposes of Class A Common Stock Through Trust

Michael Cannon-Brookes, CEO and Co-Founder of Atlassian, reports the sale of Class A Common Stock held by a trust, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael Cannon-Brookes, CEO and Co-Founder of Atlassian, filed a Form 4 detailing the sale of Class A Common Stock.
• The transactions occurred on March 3, 2025, and were executed under a Rule 10b5-1 trading plan adopted on February 8, 2024.
• The sales were conducted through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
• Multiple trades were executed at varying prices throughout the day, with weighted-average prices reported for each transaction.
• A total of 8,445 shares of Class A Common Stock were sold across 12 transactions.
• The prices ranged from $273.5754 to $285.4333 per share.
• Following the reported transactions, the trust's holdings decreased, but still holds a significant amount of shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about transactions.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the trading activities of key personnel and their affiliated entities.

Stakeholder Impact

• The sale of shares by a key executive could be perceived negatively by some shareholders, although the existence of a pre-arranged trading plan mitigates this concern.

Key Dates