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 September 23, 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 September 23, 2024.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on February 8, 2024.
• A total of 3,702 shares were sold at a weighted-average price of $162.3573, with prices ranging from $161.98 to $162.96.
• An additional 2,355 shares were sold at a weighted-average price of $161.3424, with prices ranging from $160.96 to $161.91.
• Furthermore, 1,891 shares were sold at a weighted-average price of $163.2611, with prices ranging from $162.98 to $163.89.
• Following these transactions, Cannon-Brookes directly owns no shares, but indirectly owns 43,986, 41,631 and 39,740 shares respectively through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders, but the pre-planned nature of the transactions mitigates concerns about insider information being used.

Key Dates