Form 4: Atlassian CEO Michael Cannon-Brookes Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Atlassian CEO Michael Cannon-Brookes executed multiple sales of Class A Common Stock on September 5, 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 5, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on February 8, 2024.
- A total of 7,948 shares were sold in multiple transactions at varying prices.
- The weighted average sale prices ranged from $159.9226 to $162.56 per share.
- The shares were indirectly held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
- Following the reported transactions, the number of shares beneficially owned indirectly by the trust is 135,116.
Sentiment
Score: 5
Explanation: The document is a routine 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.
Key Dates
| Date | Description |
|---|---|
| 02/08/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 09/05/2024 | Date of stock sale transactions |
| 09/06/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.