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 14, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 14, 2025, Michael Cannon-Brookes, CEO and Co-Founder of Atlassian Corp, executed multiple sales of Class A Common Stock.
• These transactions were conducted under a Rule 10b5-1 trading plan adopted on February 8, 2024.
• The sales were executed at varying prices, ranging from $223.95 to $229.73 per share.
• A total of 8,048 shares were sold across multiple transactions.
• Following these transactions, Cannon-Brookes indirectly owns 127,168 to 135,016 shares through a trust.
• The shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales under a pre-existing trading plan. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Sales by executives are a normal part of corporate activity, especially when executed under pre-arranged trading plans like Rule 10b5-1, which are designed to prevent accusations of insider trading.

Key Dates

Keywords

Atlassian, Michael Cannon-Brookes, Stock Sale, Class A Common Stock, 10b5-1 Trading Plan, CBC Co Pty Limited, Cannon-Brookes Head Trust, Beneficial Ownership, SEC Form 4