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 February 12, 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 February 12, 2025.
• These transactions were carried out under a pre-existing Rule 10b5-1 trading plan adopted on February 8, 2024.
• The sales were executed at varying prices, with weighted-average prices ranging from $311.5903 to $318.2632.
• The sales resulted in a decrease in the number of shares indirectly beneficially owned by Cannon-Brookes through a trust.
• The reporting person has undertaken to provide full information regarding the number of shares and prices at which the transactions were effected, upon request.

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 inherently convey positive or negative sentiment.

Industry Context

The filing reflects routine trading activity by a company insider under a pre-arranged trading plan, which is a common practice among executives to avoid accusations of insider trading.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased selling pressure.

Key Dates

Keywords

Atlassian, TEAM, Michael Cannon-Brookes, Stock Sale, Rule 10b5-1, CBC Co Pty Limited, Cannon-Brookes Head Trust, Class A Common Stock, SEC Form 4