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 9, 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 9, 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 CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
• The sales occurred at varying prices, with weighted-average prices ranging from $205.45 to $210.7041 per share.
• A total of 4,144 shares were sold at a weighted average price of $206.8923.
• Additional sales included 350 shares at $208.8177, 350 shares at $205.45, 2,454 shares at $207.9221, 200 shares at $210.7041, and 450 shares at $209.803.
• Following these transactions, the number of shares beneficially owned indirectly by the trust decreased.

Sentiment

Score: 6

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.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which is a legal and transparent way for insiders to sell shares.
• The disclosure provides transparency to investors regarding the CEO's transactions.

Industry Context

Insider trading activity is closely monitored in the tech industry, and disclosures like these are standard practice to maintain transparency and comply with regulations.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Atlassian, TEAM, Michael Cannon-Brookes, insider trading, Form 4, Rule 10b5-1, stock sale, CBC Co Pty Limited, Cannon-Brookes Head Trust, beneficial ownership