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TEAM insider Michael Cannon‑Brookes reports 10b5‑1 sales

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Atlassian (TEAM): CEO, Co-Founder and 10% owner Michael Cannon‑Brookes reported open‑market sales of Class A common stock on 10/20/2025 under a Rule 10b5‑1 trading plan adopted on February 20, 2025. Transactions included 4,102 shares at a weighted‑average price of $157.5691, 1,194 shares at $158.5623, 942 shares at $155.1317, 691 shares at $159.0896, 486 shares at $153.9865, and 250 shares at $156.018.

Following these sales, indirect beneficial ownership stood at 383,250 Class A shares, held by CBC Co Pty Limited as trustee for the Cannon‑Brookes Head Trust. Several trades were executed in multiple lots during the day, with price ranges disclosed from $153.49 to $159.19.

Positive

  • None.

Negative

  • None.

Insights

Routine 10b5-1 plan sales; limited informational impact.

Michael Cannon‑Brookes executed multiple open‑market sales of Atlassian Class A shares on 10/20/2025 under a pre‑established Rule 10b5‑1 plan adopted on February 20, 2025. The filing details weighted‑average prices and notes several trades executed across intraday price ranges.

Post‑transaction, indirect holdings total 383,250 shares through the Cannon‑Brookes Head Trust. No derivative transactions were reported in this filing, and the sales were recorded as indirect ownership changes.

The business impact is typically neutral for such plan‑based sales. Actual effects, if any, depend on future disclosures and overall ownership dynamics, which are not detailed in this excerpt.

Insider Cannon-Brookes Michael
Role CEO, Co-Founder
Sold 7,665 shs ($1.21M)
Type Security Shares Price Value
Sale Class A Common Stock 691 $159.0896 $110K
Sale Class A Common Stock 486 $153.9865 $75K
Sale Class A Common Stock 1,194 $158.5623 $189K
Sale Class A Common Stock 4,102 $157.5691 $646K
Sale Class A Common Stock 250 $156.018 $39K
Sale Class A Common Stock 942 $155.1317 $146K
Holdings After Transaction: Class A Common Stock — 390,224 shares (Indirect, See Footnote)
Footnotes (1)
  1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2025. This transaction was executed in multiple trades during the day at prices ranging from $159.03 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. 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 $153.49 to $154.46. 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 $158.02 to $158.93. 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 $157.00 to $157.99. 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 $155.72 to $156.24. 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 $154.64 to $155.56. 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.
Form 4 Insider Transactions: What Each Field Means →
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)
10/20/2025
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 10/20/2025 S(1) 691 D $159.0896(2) 390,224 I See Footnote(3)
Class A Common Stock 10/20/2025 S(1) 486 D $153.9865(4) 389,738 I See Footnote(3)
Class A Common Stock 10/20/2025 S(1) 1,194 D $158.5623(5) 388,544 I See Footnote(3)
Class A Common Stock 10/20/2025 S(1) 4,102 D $157.5691(6) 384,442 I See Footnote(3)
Class A Common Stock 10/20/2025 S(1) 250 D $156.018(7) 384,192 I See Footnote(3)
Class A Common Stock 10/20/2025 S(1) 942 D $155.1317(8) 383,250 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 $159.03 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.
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 $153.49 to $154.46. 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 $158.02 to $158.93. 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 $157.00 to $157.99. 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 $155.72 to $156.24. 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.
8. This transaction was executed in multiple trades during the day at prices ranging from $154.64 to $155.56. 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 10/20/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did TEAM report on 10/20/2025?

Michael Cannon‑Brookes reported multiple open‑market sales of Atlassian Class A shares with weighted‑average prices between $153.9865 and $159.0896, executed in multiple intraday trades.

How many TEAM shares did Michael Cannon‑Brookes sell in total?

The reported tranches sum to 7,665 shares (691, 486, 1,194, 4,102, 250, and 942).

Was the sale made under a Rule 10b5-1 plan?

Yes. The filing states the transactions were under a Rule 10b5‑1 plan adopted on February 20, 2025.

What are Michael Cannon‑Brookes’ TEAM holdings after these transactions?

Indirect beneficial ownership is 383,250 Class A shares held by CBC Co Pty Limited as trustee for the Cannon‑Brookes Head Trust.

What price ranges were disclosed for the trades?

The filing notes execution ranges from $153.49 to $159.19, with weighted‑average prices reported for each tranche.

Were any derivative securities reported?

No derivative transactions were reported in Table II of this filing.