Form 4: Atlassian CEO Michael Cannon-Brookes Sells Shares Under 10b5-1 Trading Plan

Atlassian CEO Michael Cannon-Brookes executed sales of Class A Common Stock on September 16, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael Cannon-Brookes, CEO and Co-Founder of Atlassian Corp, sold shares of Class A Common Stock on September 16, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 8, 2024.
• A total of 500 shares were sold at a weighted-average price of $164.022, with individual prices ranging from $163.65 to $164.59.
• An additional 7,448 shares were sold at a weighted-average price of $165.1021, with individual prices ranging from $164.67 to $165.61.
• Following the transactions, Cannon-Brookes directly owns 86,928 shares and indirectly owns 79,480 shares through a trust.

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.

Industry Context

Sales by insiders, especially CEOs, are closely watched by investors. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current inside information.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates