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 6, 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 6, 2025.
• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 8, 2024.
• The transactions involved the sale of 1,356 shares at a weighted-average price of $208.2491, 2,340 shares at $207.4216, 2,452 shares at $206.577, 1,350 shares at $205.4675, and 450 shares at $204.4355.
• Following these transactions, Cannon-Brookes directly owns a certain amount of shares and indirectly owns shares through a trust.
• The shares held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine disclosure of stock sales under a pre-arranged trading plan. It doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine disclosure of stock sales by a company insider, which is common among publicly traded companies. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any inside information at the time of the transactions.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the potential for slight price fluctuations.
• The impact on employees, customers, suppliers, and creditors is likely to be negligible.

Key Dates

Keywords

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