TEAM.NASDAQAtlassian CORP

Form 4: Atlassian Co-Founder Sells Shares Under 10b5-1 Plan

Sentiment:

Insider Transaction Report

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Atlassian co-founder and CEO Michael Cannon-Brookes sold 7,665 shares of Class A Common Stock on October 23, 2025, through a pre-arranged Rule 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.
  • A total of 7,665 shares of Class A Common Stock were disposed of on October 23, 2025.
  • The sales were executed at weighted-average prices ranging from $163.9673 to $167.932 per share.
  • These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2025.
  • Following these transactions, Michael Cannon-Brookes indirectly beneficially owns 360,255 shares of Class A Common Stock.
  • The shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

Sentiment

Score: 4

Explanation: The filing reports routine insider stock sales under a pre-arranged 10b5-1 plan, which is a compliance disclosure and not indicative of new company-specific positive or negative news. However, insider selling, even planned, can sometimes be viewed with slight caution by the market.

Future Outlook

NA

Industry Context

NA

Key Dates

DateDescription
02/20/2025Rule 10b5-1 trading plan adopted by the Reporting Person.
10/23/2025Date of earliest transaction (sales of Class A Common Stock).
10/24/2025Date the Form 4 filing was signed.

Keywords

Atlassian, TEAM, Form 4, insider trading, stock sale, Michael Cannon-Brookes, 10b5-1 plan, CEO, Director, 10% Owner

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