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

Atlassian's Co-CEO, Michael Cannon-Brookes, executed multiple sales of Class A Common Stock on August 30, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael Cannon-Brookes, Co-CEO and Co-Founder of Atlassian, sold shares of Class A Common Stock on August 30, 2024.
• 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 weighted-average prices ranging from $165.746 to $167.8313.
• Following the reported transactions, Cannon-Brookes continues to beneficially own 166,158 shares indirectly through a trust and 161,747, 158,960 shares indirectly through a trust.
• The sales were conducted in multiple trades at varying prices, with the reporting person undertaking to provide full information regarding the number of shares and prices upon request.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It's common for executives to sell shares under pre-arranged trading plans to avoid accusations of trading on inside information. The market will likely interpret this as a routine transaction unless the volume is unusually high or coincides with other negative news.

Key Dates