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

Atlassian CEO Michael Cannon-Brookes sold shares of Class A Common Stock on October 31, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael Cannon-Brookes, CEO and Co-Founder of Atlassian Corp, executed sales of Class A Common Stock on October 31, 2024.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on February 8, 2024.
• A total of 7,948 shares were sold in multiple transactions at weighted-average prices ranging from $188.8456 to $190.684.
• The shares were sold directly, but are beneficially owned indirectly through a trust.
• Following the reported transactions, Cannon-Brookes indirectly owns 325,868 to 331,443 shares through a trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales under a pre-arranged trading plan, so it's neutral in sentiment.

Industry Context

Sales by insiders, especially CEOs, are closely watched by investors. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current inside information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates