Form 4: Atlassian Co-CEO Michael Cannon-Brookes Executes Stock Sales Under 10b5-1 Plan

Michael Cannon-Brookes, Co-CEO and Co-Founder of Atlassian, reports multiple sales of Class A Common Stock on July 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael Cannon-Brookes, Co-CEO and Co-Founder of Atlassian, reported the sale of Class A Common Stock on July 1, 2024.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 8, 2024.
• The transactions involved multiple trades at varying prices, with weighted-average prices reported for each set of trades.
• The shares were sold indirectly through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
• The total number of shares sold was 7,948.
• The price per share ranged from $173.93 to $178.44.
• Following the reported transactions, the number of Class A Common Stock shares beneficially owned indirectly by Cannon-Brookes through the trust is 500,724.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock sales by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of stock sales by a company insider, which is common for executives who have pre-arranged trading plans to diversify their holdings or manage personal finances. It's important to monitor such filings in aggregate to understand insider sentiment, but a single filing like this is not necessarily indicative of the company's performance or prospects.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small volume of shares sold compared to the company's overall market capitalization.

Key Dates