Atlassian Corp (NASDAQ: TEAM) CEO discloses Rule 10b5-1 stock sales in Form 4 filing
Rhea-AI Filing Summary
Atlassian Corp co-founder, CEO and director Michael Cannon-Brookes, a 10% owner, reported open-market sales of Class A common stock on 12/15/2025 through an indirect holding trust. The reported transactions included sales of 100, 2,636, 150, 3,578 and 1,201 shares at weighted-average prices ranging from $157.7698 to $161.9767 per share. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted on February 20, 2025, and the shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. After the transactions, 84,315 Atlassian Class A shares were beneficially owned indirectly via this trust.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 100 | $160.68 | $16K |
| Sale | Class A Common Stock | 2,636 | $159.393 | $420K |
| Sale | Class A Common Stock | 150 | $161.9767 | $24K |
| Sale | Class A Common Stock | 3,578 | $158.772 | $568K |
| Sale | Class A Common Stock | 1,201 | $157.7698 | $189K |
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2025. Shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. This transaction was executed in multiple trades during the day at prices ranging from $159.20 to $160.09. 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. This transaction was executed in multiple trades during the day at prices ranging from $161.85 to $162.04. 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. This transaction was executed in multiple trades during the day at prices ranging from $158.20 to $159.19. 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. This transaction was executed in multiple trades during the day at prices ranging from $157.14 to $158.13. 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.
FAQ
What insider stock transactions did Atlassian (TEAM) report for Michael Cannon-Brookes?
The report shows that Michael Cannon-Brookes sold Atlassian Class A common stock on 12/15/2025 in multiple open-market transactions through an indirect holding trust.
Under what arrangement were these Atlassian (TEAM) insider sales made?
The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Michael Cannon-Brookes on February 20, 2025.