Form 4: Atlassian CEO Michael Cannon-Brookes Executes Multiple Sales of Class A Common Stock Under 10b5-1 Plan

Atlassian CEO Michael Cannon-Brookes sold shares of Class A Common Stock on April 7, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael Cannon-Brookes, CEO and Co-Founder of Atlassian Corp, executed multiple sales of Class A Common Stock on April 7, 2025.
• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 8, 2024.
• The transactions involved the disposal of shares held indirectly by the Cannon-Brookes Head Trust, for which CBC Co Pty Limited acts as trustee.
• A total of 9,388 shares were sold at varying prices ranging from $174.74 to $195.18 per share.
• The sales resulted in a decrease in the number of shares beneficially owned by the trust, from 341,026 to 333,816.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. The use of a 10b5-1 plan allows insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.
• The sales are unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Atlassian, Cannon-Brookes, Class A Common Stock, Rule 10b5-1, insider trading, stock sale, TEAM