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

Atlassian's Co-CEO, Michael Cannon-Brookes, sold shares of Class A Common Stock on May 13, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael Cannon-Brookes, Co-CEO and Co-Founder of Atlassian, executed sales of Class A Common Stock on May 13, 2024.
• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 21, 2023.
• A total of 600 shares were sold at a weighted average price of $180.5569, with prices ranging from $179.92 to $180.90.
• Additionally, 5,815 shares were sold at a weighted average price of $182.271, with prices ranging from $181.98 to $182.79.
• Another 1,826 shares were sold at a weighted average price of $181.7092, with prices ranging from $180.98 to $181.97.
• Following these transactions, Cannon-Brookes directly owns 266,958 shares and indirectly owns 259,317 shares through the Cannon-Brookes Head Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions under a pre-existing plan.

Future Outlook

The document does not contain any specific forward-looking statements, but it indicates ongoing transactions under a pre-established trading plan.

Industry Context

This filing is a routine disclosure of insider transactions, which are common among publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates