Form 4: Atlassian CEO Michael Cannon-Brookes Disposes of Shares Under 10b5-1 Trading Plan

Atlassian CEO Michael Cannon-Brookes sold shares of Class A Common Stock on January 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael Cannon-Brookes, CEO and Co-Founder of Atlassian Corp, disposed of Class A Common Stock on January 3, 2025.
• 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 throughout the day.
• The shares are held indirectly by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
• The total number of shares disposed of across all transactions was 7,948.
• The remaining shares beneficially owned following the reported transactions is 468,932.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transactions were part of a pre-planned trading arrangement and don't necessarily reflect a change in the executive's outlook on the company.

Future Outlook

The transactions were executed under a pre-existing 10b5-1 trading plan, suggesting ongoing, pre-determined sales may continue.

Industry Context

This filing is a routine disclosure of insider trading activity. It's important to monitor such filings to understand the sentiment of key executives regarding their company's stock.

Stakeholder Impact

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

Key Dates