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

Michael Cannon-Brookes, CEO and Co-Founder of Atlassian, executed multiple sales of Class A Common Stock on March 19, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 19, 2025, Michael Cannon-Brookes, CEO and Co-Founder of Atlassian, sold shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 8, 2024.
• The transactions involved multiple trades at varying prices throughout the day.
• A total of 7,528 shares were sold indirectly through a trust.
• The prices ranged from $220.52 to $233.35 per share.
• Following the reported transactions, the number of shares beneficially owned indirectly by the trust is 63,584.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales under a pre-arranged trading plan. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.

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 the stock price is usually minimal unless the sales are unusually large or frequent.

Stakeholder Impact

• The sale of shares by a high-profile executive could create short-term uncertainty among shareholders.
• However, since the sales are part of a pre-arranged plan, the impact is likely to be minimal.

Key Dates

Keywords

Atlassian, Michael Cannon-Brookes, TEAM, Class A Common Stock, Rule 10b5-1, SEC Form 4, Insider Trading, Share Sale