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 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 May 12, 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.
• A total of 8,198 shares were sold at weighted-average prices ranging from $218.7495 to $223.6432.
• Following these transactions, the number of shares beneficially owned indirectly by Cannon-Brookes through the trust is 143,064.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating stock sales by an insider under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information.

Stakeholder Impact

• The stock sales by the CEO could have a minor negative impact on shareholder sentiment, although the existence of a pre-arranged trading plan mitigates this concern.

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