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

Atlassian CEO Michael Cannon-Brookes executed multiple sales of Class A Common Stock on April 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 3, 2025, Michael Cannon-Brookes, CEO and Co-Founder of Atlassian Corp, sold multiple blocks of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 8, 2024.
• The transactions were conducted at varying prices, ranging from approximately $196.13 to $211.05 per share.
• A total of 8,748 shares were sold, resulting in a decrease in the number of shares beneficially owned by the reporting person through a trust.
• Following the reported transactions, the number of Class A Common Stock shares beneficially owned indirectly by Michael Cannon-Brookes through a trust is 349,712.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies and are often part of personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices, avoiding accusations of insider trading.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market.
• The sales are unlikely to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Atlassian, Michael Cannon-Brookes, TEAM, Class A Common Stock, Rule 10b5-1 trading plan, SEC Form 4, Beneficial Ownership, CBC Co Pty Limited, Cannon-Brookes Head Trust