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 May 1, 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 May 1, 2025.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on February 8, 2024.
• The transactions involved the disposal of shares held indirectly through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
• The sales occurred at varying prices, ranging from $229.0966 to $240.04 per share.
• A total of 8,543 shares were sold, resulting in a decrease in the number of shares beneficially owned by the trust.
• Following the reported transactions, the trust holds 198,700 shares of Atlassian Class A Common Stock.

Sentiment

Score: 5

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

Industry Context

Executive stock sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-arranged. However, large or frequent sales can sometimes raise concerns among investors.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders, depending on the overall market perception of executive stock transactions.

Key Dates

Keywords

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