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 February 14, 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 February 14, 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 the Cannon-Brookes Head Trust.
• The sales prices ranged from $307.45 to $314.35 per share.
• A total of 7,948 shares were sold, resulting in a decrease in the number of shares beneficially owned by the trust.
• Following the reported transactions, the Cannon-Brookes Head Trust indirectly holds 238,440 to 245,338 shares of Atlassian Class A Common Stock.

Sentiment

Score: 5

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

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The impact on Atlassian's stock will likely be minimal unless the market interprets the sales as a lack of confidence by the CEO.

Key Dates

Keywords

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