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 31, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael Cannon-Brookes, CEO and Co-Founder of Atlassian Corp, executed multiple sales of Class A Common Stock on March 31, 2025.
• These transactions were carried out 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 $206.1805 to $212.4081.
• The shares were sold both directly and indirectly through the Cannon-Brookes Head Trust.
• Mr. Cannon-Brookes has committed to providing full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC, the issuer, or a security holder.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-existing trading plan. There's no indication of positive or negative implications for the company.

Industry Context

Insider sales are a common occurrence, especially among executives of publicly traded companies. The use of 10b5-1 trading plans allows insiders to sell shares over a predetermined period, mitigating concerns about trading on non-public information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be limited given the pre-planned nature of the sales.

Key Dates

Keywords

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