Form 4: Atlassian Co-Founder Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Atlassian Co-Founder and CEO Michael Cannon-Brookes reported the sale of 7,165 Class A Common Stock shares under 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 November 7, 2025, a total of 7,165 shares were sold across five separate transactions.
- The sales were executed at weighted-average prices ranging from $153.7419 to $157.6223 per share.
- These transactions were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Cannon-Brookes on February 20, 2025.
- Following these transactions, Mr. Cannon-Brookes indirectly beneficially owns 275,940 shares of Class A Common Stock, held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
Sentiment
Score: 5
Explanation: The filing reports routine insider stock sales executed under a pre-arranged 10b5-1 trading plan, which is a common practice for executives to manage personal finances and diversify holdings without implying a change in company outlook.
Industry Context
Insider transactions, particularly those executed under pre-arranged 10b5-1 plans, are a routine aspect of executive compensation and personal financial management across the technology industry. They typically do not reflect a change in the company's operational performance or strategic direction.
Stakeholder Impact
- Shareholders may note a slight reduction in direct insider ownership, though the sales are pre-scheduled and not indicative of a change in company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date Rule 10b5-1 trading plan was adopted by the Reporting Person. |
| 11/07/2025 | Date of reported stock transactions (sales). |
| 11/10/2025 | Signature date of the reporting person's attorney-in-fact. |
Recommendation
holdThe reported transactions are routine sales by a key insider, Michael Cannon-Brookes, executed under a pre-arranged 10b5-1 trading plan. Such sales are common for diversification and personal financial planning and do not typically signal a change in the company's fundamental prospects or warrant an immediate change in investment recommendation based solely on this filing.
Keywords
Atlassian, TEAM, Michael Cannon-Brookes, Insider Sale, Form 4, 10b5-1 plan, Class A Common Stock
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