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

Atlassian CEO Michael Cannon-Brookes sold shares of Class A Common Stock on March 24, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael Cannon-Brookes, CEO and Co-Founder of Atlassian, sold shares of Class A Common Stock on March 24, 2025.
• 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 sales were conducted through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, indicating indirect ownership.
• The weighted average sale prices ranged from $232.8598 to $235.6946 per share.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting the sale of shares 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.

Stakeholder Impact

• The sale of shares by a high-profile executive like Michael Cannon-Brookes could potentially create short-term uncertainty among shareholders.
• However, since the sales were conducted under a pre-arranged trading plan, the impact is likely to be minimal.

Key Dates

Keywords

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