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

Atlassian's CEO, Michael Cannon-Brookes, sold shares of Class A Common Stock on March 26, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael Cannon-Brookes, CEO and Co-Founder of Atlassian, reported the sale of Class A Common Stock on March 26, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 8, 2024.
• Multiple transactions occurred at varying prices throughout the day, with weighted-average prices ranging from $228.17 to $236.24.
• The sales resulted in a decrease in the number of shares indirectly beneficially owned by Cannon-Brookes through a trust.
• The shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales under a pre-arranged trading plan. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions. It's 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.

Key Dates

Keywords

Atlassian, Michael Cannon-Brookes, stock sale, Form 4, Rule 10b5-1, insider trading, TEAM, CBC Co Pty Limited, Cannon-Brookes Head Trust