Form 4: Atlassian Co-Founder Sells $1.2M in Stock
Insider Trading Report
Atlassian co-founder Michael Cannon-Brookes sold a total of 7,665 shares of Class A Common Stock on September 25, 2025, through a pre-arranged 10b5-1 trading plan.
Summary
- Michael Cannon-Brookes, a Director, 10% Owner, CEO, and Co-Founder of Atlassian Corp (TEAM), reported sales of Class A Common Stock.
- On September 25, 2025, a total of 7,665 shares of Class A Common Stock were sold across four separate transactions.
- The sales were executed at weighted-average prices ranging from $160.8456 to $163.6883 per share.
- These transactions were conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Cannon-Brookes on February 20, 2025.
- Following these transactions, Mr. Cannon-Brookes beneficially owns 22,995 shares of Class A Common Stock indirectly through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
Sentiment
Score: 5
Explanation: The filing reports a pre-scheduled insider stock sale, which is a routine event under a 10b5-1 plan and does not inherently indicate a positive or negative outlook for the company.
Negatives
- Insider selling, even when pre-planned, can sometimes be perceived with caution by investors, potentially leading to negative sentiment.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing reports a routine insider transaction and does not provide broader industry context or trends.
Related Party Transactions
- Shares beneficially owned by Michael Cannon-Brookes are held indirectly by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
Stakeholder Impact
- Shareholders may note the sale of shares by a co-founder, though executed under a pre-arranged plan, which is a common practice for diversification and liquidity.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Rule 10b5-1 trading plan adopted by the Reporting Person. |
| 09/25/2025 | Date of reported stock transactions (sales of Class A Common Stock). |
| 09/26/2025 | Signature date of the Form 4 filing. |
Recommendation
holdThe reported transaction is a pre-scheduled sale of shares by a co-founder under a Rule 10b5-1 trading plan, which is a common practice for diversification and liquidity. It does not inherently signal a change in the company's fundamentals or future prospects, thus a 'hold' recommendation is appropriate based solely on this filing.
Keywords
Atlassian, TEAM, Michael Cannon-Brookes, Insider Trading, Stock Sale, Form 4, 10b5-1 Plan, Equity Transaction
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