Atlassian (TEAM) CEO’s trust logs pre-planned Class A stock sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atlassian Corp’s CEO and co-founder Michael Cannon-Brookes reported indirect sales of Class A common stock executed on January 26, 2026. The transactions were carried out under a Rule 10b5-1 trading plan that he adopted on February 20, 2025, meaning the sales followed a pre-arranged schedule rather than day-to-day trading decisions.
The shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, so the activity reflects trades by this trust associated with him. The sales occurred in multiple trades at prices reported between about $133 and $139 per share. Following these transactions, the trust beneficially owned 344,925 shares of Atlassian Class A common stock indirectly on his behalf.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,665 shares ($1,049,587)
Net Sell
6 txns
Insider
Cannon-Brookes Michael
Role
CEO, Co-Founder
Sold
7,665 shs ($1.05M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 100 | $134.51 | $13K |
| Sale | Class A Common Stock | 1,988 | $135.812 | $270K |
| Sale | Class A Common Stock | 2,663 | $136.6213 | $364K |
| Sale | Class A Common Stock | 951 | $137.5389 | $131K |
| Sale | Class A Common Stock | 1,913 | $138.4568 | $265K |
| Sale | Class A Common Stock | 50 | $133.03 | $7K |
Holdings After Transaction:
Class A Common Stock — 352,490 shares (Indirect, See Footnote)
Footnotes (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 $134.05 to $134.97. 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 $135.13 to $136.12. 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 $136.13 to $137.10. 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 $137.16 to $138.04. 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 $138.19 to $138.86. 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 transaction did Atlassian (TEAM) report for Michael Cannon-Brookes?
The filing reports that Michael Cannon-Brookes, Atlassian’s CEO, co-founder, director and 10% owner, had indirect sales of Class A common stock on January 26, 2026.
Were the Atlassian (TEAM) insider sales made under a Rule 10b5-1 plan?
Yes. A footnote states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on February 20, 2025, indicating a pre-arranged trading schedule.
Are the Atlassian (TEAM) insider sales executed in single or multiple trades?
Each sale entry notes that it was executed in multiple trades during the day, with the filing providing weighted-average prices and price ranges for those trades.