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 8, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 8, 2025, Michael Cannon-Brookes, CEO and Co-Founder of Atlassian Corp, executed multiple sales of Class A Common Stock.
• These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 8, 2024.
• The sales were executed at varying prices, with weighted-average prices ranging from $206.9137 to $211.46 per share.
• A total of 7,948 shares were sold across multiple transactions.
• Following these transactions, Cannon-Brookes indirectly owns 158,960 shares through a trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating stock sales by an insider under a pre-arranged trading plan. It's a neutral event as it doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Sales by insiders are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the potential for slight price fluctuations.
• The sales do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Atlassian, Cannon-Brookes, Stock Sale, Form 4, Rule 10b5-1, Insider Trading, TEAM