Atlassian CEO reports insider share sales filing
Atlassian Corp CEO and Co-Founder Michael Cannon-Brookes, a director and 10% owner, reported multiple indirect sales of Class A common stock on January 9, 2026.
Rhea-AI Filing Summary
Atlassian Corp CEO and Co-Founder Michael Cannon-Brookes, a director and 10% owner, reported multiple indirect sales of Class A common stock on January 9, 2026. The Form 4 shows seven open‑market sale transactions totaling 7,665 shares at weighted-average prices ranging from about $143 to $151 per share, with transaction codes listed as sales. After these trades, the reported indirect holdings in this line of ownership were 421,575 Class A shares.
The sales were effected under a Rule 10b5-1 trading plan adopted on February 20, 2025. The filing notes that the shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, so the transactions relate to this trust structure rather than directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,200 | $145.0501 | $174K |
| Sale | Class A Common Stock | 900 | $144.0245 | $130K |
| Sale | Class A Common Stock | 1,394 | $146.6525 | $204K |
| Sale | Class A Common Stock | 3,521 | $145.8367 | $513K |
| Sale | Class A Common Stock | 250 | $149.794 | $37K |
| Sale | Class A Common Stock | 300 | $147.6761 | $44K |
| Sale | Class A Common Stock | 100 | $150.69 | $15K |
Footnotes (8)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2025.
- F2. This transaction was executed in multiple trades during the day at prices ranging from $144.37 to $145.35. 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.
- F3. Shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
- F4. This transaction was executed in multiple trades during the day at prices ranging from $143.33 to $144.29. 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.
- F5. This transaction was executed in multiple trades during the day at prices ranging from $146.40 to $147.18. 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.
- F6. This transaction was executed in multiple trades during the day at prices ranging from $145.40 to $146.39. 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.
- F7. This transaction was executed in multiple trades during the day at prices ranging from $149.44 to $150.09. 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.
- F8. This transaction was executed in multiple trades during the day at prices ranging from $147.49 to $148.11. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Atlassian (TEAM) disclose in this Form 4?
The Form 4 reports that Michael Cannon-Brookes, Atlassian's CEO, Co-Founder, director and 10% owner, reported multiple open-market sales of Class A common stock on January 9, 2026.
Were the Atlassian (TEAM) insider sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states that the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 20, 2025.
Are the Atlassian (TEAM) transactions direct or indirect holdings for Michael Cannon-Brookes?
The transactions are reported as indirect ownership, with the nature of ownership referring to the footnote about shares held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.