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 5, 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 5, 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, with CBC Co Pty Limited acting as trustee.
• The sales occurred at varying prices throughout the day, with weighted-average prices ranging from $270.0042 to $276.7405.
• A total of 8,448 shares were sold across seven transactions.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. The use of a 10b5-1 plan suggests that these trades were pre-planned and not based on any inside information.

Stakeholder Impact

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

Key Dates

Keywords

Atlassian, TEAM, Michael Cannon-Brookes, Stock Sale, Form 4, Rule 10b5-1, CBC Co Pty Limited, Cannon-Brookes Head Trust, Insider Trading