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 March 20, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael Cannon-Brookes, CEO and Co-Founder of Atlassian, executed multiple sales of Class A Common Stock on March 20, 2025.
• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 8, 2024.
• The transactions involved the disposal of shares held indirectly through the Cannon-Brookes Head Trust.
• The prices per share varied across the transactions, ranging from approximately $224.40 to $230.66.
• A total of 7,948 shares were sold on March 20, 2025.
• Following the reported transactions, the number of shares beneficially owned indirectly by the trust decreased.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment about the company's performance.

Risks

• The market may react negatively to the CEO's stock sales, even if they are pre-planned.
• Continued sales under the 10b5-1 plan could exert downward pressure on the stock price.

Future Outlook

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

Industry Context

Sales by insiders are common and often pre-planned using 10b5-1 trading plans to avoid accusations of trading on inside information. The market typically scrutinizes these sales for any potential negative signals about the company's prospects.

Key Dates

Keywords

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