Trust tied to Atlassian (TEAM) CEO Cannon‑Brookes sells Atlassian Class A stock under plan

Rhea-AI Filing Summary

Atlassian Corp insider activity: On February 2, 2026, a trust associated with CEO, Co‑Founder and 10% owner Michael Cannon‑Brookes sold several small blocks of Atlassian Class A Common Stock under a pre‑arranged Rule 10b5‑1 trading plan adopted on February 20, 2025.

Sales ranged from 50 to 3,358 shares per trade at weighted‑average prices between about $113.62 and $119.05. After these transactions, CBC Co Pty Limited as trustee for the Cannon‑Brookes Head Trust held 306,600 Class A shares indirectly for his benefit.

Insights

Equity ownership and governance analyst

Pre‑planned trust sales modestly reduce Atlassian insider holdings but appear routine.

Multiple sales of Atlassian Class A Common Stock on February 2, 2026 were executed for a trust associated with CEO and 10% owner Michael Cannon‑Brookes. The Form 4 states they occurred under a Rule 10b5‑1 trading plan adopted on February 20, 2025, indicating they were pre‑scheduled rather than discretionary.

The transactions involved several small blocks at weighted‑average prices around $114–$119 per share. Following these trades, CBC Co Pty Limited as trustee for the Cannon‑Brookes Head Trust held 306,600 Atlassian Class A shares indirectly. No derivatives were reported, and the filing shows ongoing, structured diversification rather than a sudden change in ownership.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cannon-Brookes Michael

(Last) (First) (Middle)

C/O ATLASSIAN CORPORATION

350 BUSH STREET, FLOOR 13

(Street)

SAN FRANCISCO CA 94104

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Atlassian Corp [ TEAM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, Co-Founder

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/02/2026		S(1)		1,874	D	$114.0297(2)	312,391	I	See Footnote(3)
Class A Common Stock	02/02/2026		S(1)		3,358	D	$117.6458(4)	309,033	I	See Footnote(3)
Class A Common Stock	02/02/2026		S(1)		500	D	$116.2353(5)	308,533	I	See Footnote(3)
Class A Common Stock	02/02/2026		S(1)		50	D	$119.29	308,483	I	See Footnote(3)
Class A Common Stock	02/02/2026		S(1)		1,103	D	$115.1496(6)	307,380	I	See Footnote(3)
Class A Common Stock	02/02/2026		S(1)		780	D	$118.4042(7)	306,600	I	See Footnote(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2025.

2. This transaction was executed in multiple trades during the day at prices ranging from $113.62 to $114.58. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

3. Shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

4. This transaction was executed in multiple trades during the day at prices ranging from $117.08 to $118.06. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

5. This transaction was executed in multiple trades during the day at prices ranging from $115.79 to $116.62. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

6. This transaction was executed in multiple trades during the day at prices ranging from $114.66 to $115.62. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

7. This transaction was executed in multiple trades during the day at prices ranging from $118.09 to $119.05. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

Remarks:

	/s/ Veena Bhatia, Attorney-in-Fact for Cannon-Brookes Michael	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Atlassian (TEAM) disclose for February 2, 2026?

Atlassian disclosed multiple sales of Class A Common Stock on February 2, 2026 by a trust associated with CEO and 10% owner Michael Cannon‑Brookes. Each sale was a relatively small block executed at weighted‑average prices between roughly $114 and $119 per share.

Who conducted the Atlassian (TEAM) share sales reported in this Form 4?

The shares were held and sold by CBC Co Pty Limited as trustee for the Cannon‑Brookes Head Trust, a vehicle associated with Atlassian CEO, Co‑Founder and 10% owner Michael Cannon‑Brookes. The filing reports his indirect beneficial ownership through this trust structure.

Were the February 2026 Atlassian (TEAM) insider sales pre‑planned?

Yes. The Form 4 states the transactions were effected under a Rule 10b5‑1 trading plan adopted by Michael Cannon‑Brookes on February 20, 2025. Such plans pre‑schedule trades, aiming to separate them from day‑to‑day market or company news considerations.

What prices were Atlassian (TEAM) shares sold at in the reported insider trades?

The reported weighted‑average sale prices for Atlassian Class A Common Stock ranged from $114.0297 to $119.29 per share. Footnotes explain each transaction comprised multiple trades within narrower daily price ranges, with full trade details available upon request.

How many Atlassian (TEAM) shares does the Cannon‑Brookes trust hold after these trades?

After the February 2, 2026 transactions, the Form 4 shows 306,600 Atlassian Class A Common Stock shares indirectly beneficially owned. These shares are held by CBC Co Pty Limited acting as trustee for the Cannon‑Brookes Head Trust, rather than directly by the executive.

Does this Atlassian (TEAM) Form 4 report any derivative securities?

No. The Form 4’s derivative securities table is empty, indicating no options, warrants, or other derivative instruments were acquired, exercised, or disposed of in this filing. Only non‑derivative Class A Common Stock transactions by the trust are reported.