Form 4: Atlassian CEO Michael Cannon-Brookes Executes Stock Sales Under 10b5-1 Plan

Atlassian CEO Michael Cannon-Brookes sold shares of Class A Common Stock on April 16, 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 16, 2025.
• These transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on February 8, 2024.
• The sales were executed in multiple trades at varying prices throughout the day.
• The shares were sold indirectly through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
• The weighted-average sale prices ranged from $202.1711 to $210.0729.
• A total of 9,448 shares were sold, reducing the indirect holdings by the trust.
• Following the reported transactions, the trust's holdings decreased from 285,478 to 278,180 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-existing plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Risks

• Executive stock sales can sometimes be perceived negatively by investors, potentially impacting the stock price, although these sales were pre-planned.

Future Outlook

The filing does not contain any forward-looking statements regarding the company's future performance.

Industry Context

Insider transactions are routinely monitored and reported, providing transparency to investors. The use of a 10b5-1 plan indicates that these sales were pre-planned and not based on any inside information at the time of the transactions.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased selling pressure.

Key Dates

Keywords

Atlassian, TEAM, Michael Cannon-Brookes, Stock Sale, Form 4, Rule 10b5-1, CBC Co Pty Limited, Cannon-Brookes Head Trust, Insider Trading