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 May 5, 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 May 5, 2025.
• These transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on February 8, 2024.
• The sales were conducted at various prices, with weighted-average prices ranging from $207.6843 to $213.705 per share.
• A total of 7,948 shares were sold, reducing Cannon-Brookes' indirectly held beneficial ownership through the Cannon-Brookes Head Trust.
• Following these transactions, Cannon-Brookes indirectly beneficially owns 182,804 shares through the trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It is neutral in tone and does not convey any positive or negative sentiment about the company's performance or prospects.

Future Outlook

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

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The impact on the stock price is usually minimal unless the sales are unusually large or frequent.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small volume of shares sold.

Key Dates

Keywords

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