TEAM Form 4: Atlassian co-founder reports planned stock sales

Q: What insider transaction did Atlassian (TEAM) report in this Form 4?

The filing reports that Michael Cannon-Brookes , Atlassian's CEO, Co-Founder, Director and 10% owner, sold multiple blocks of Class A common stock on 11/25/2025 in open-market transactions.

Q: How many Atlassian (TEAM) shares did Michael Cannon-Brookes sell and at what prices?

He reported sales of 250 , 1,300 , 350 , 3,453 and 2,312 Class A shares at weighted-average prices of $147.1964 , $147.8077 , $150.7129 , $149.168 and $150.0157 , with noted intraday price ranges for each block.

Q: What is the relationship of the reporting person to Atlassian (TEAM)?

The reporting person, Michael Cannon-Brookes , is identified as a Director , Officer (CEO, Co-Founder), and 10% Owner of Atlassian Corp.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Atlassian Corp (TEAM) disclosed that CEO, Co-Founder, Director and 10% owner Michael Cannon-Brookes reported multiple open-market sales of Class A common stock on 11/25/2025. The transactions, made under a pre-arranged Rule 10b5-1 trading plan adopted on February 20, 2025, involved several small blocks sold at weighted-average prices ranging from about $146.51 to $150.89 per share.

Individual sales included 250, 1,300, 350, 3,453 and 2,312 shares at weighted-average prices of $147.1964, $147.8077, $150.7129, $149.168 and $150.0157, respectively. Following these transactions, Cannon-Brookes is shown as beneficially owning 183,960 Atlassian Class A shares, held indirectly through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

Insider Trade Summary

Net Seller: 7,665 shares ($1,143,612)

Net Sell 5 txns

Insider Cannon-Brookes Michael

Role CEO, Co-Founder

Sold 7,665 shs ($1.14M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	250	$147.1964	$37K
Sale	Class A Common Stock	1,300	$147.8077	$192K
Sale	Class A Common Stock	350	$150.7129	$53K
Sale	Class A Common Stock	3,453	$149.168	$515K
Sale	Class A Common Stock	2,312	$150.0157	$347K

Holdings After Transaction: Class A Common Stock — 191,375 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 $146.51 to $147.46. 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. 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 $147.52 to $148.40. 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 $150.59 to $150.89. 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 $148.57 to $149.56. 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. This transaction was executed in multiple trades during the day at prices ranging from $149.57 to $150.51. 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 →

11/26/2025 - 05:07 PM

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).

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

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)
11/25/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	11/25/2025		S⁽¹⁾		250	D	$147.1964⁽²⁾	191,375	I	See Footnote⁽³⁾
Class A Common Stock	11/25/2025		S⁽¹⁾		1,300	D	$147.8077⁽⁴⁾	190,075	I	See Footnote⁽³⁾
Class A Common Stock	11/25/2025		S⁽¹⁾		350	D	$150.7129⁽⁵⁾	189,725	I	See Footnote⁽³⁾
Class A Common Stock	11/25/2025		S⁽¹⁾		3,453	D	$149.168⁽⁶⁾	186,272	I	See Footnote⁽³⁾
Class A Common Stock	11/25/2025		S⁽¹⁾		2,312	D	$150.0157⁽⁷⁾	183,960	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $146.51 to $147.46. 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.

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 $147.52 to $148.40. 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 $150.59 to $150.89. 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 $148.57 to $149.56. 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.

7. This transaction was executed in multiple trades during the day at prices ranging from $149.57 to $150.51. 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	11/26/2025
	** 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 transaction did Atlassian (TEAM) report in this Form 4?

The filing reports that Michael Cannon-Brookes, Atlassian's CEO, Co-Founder, Director and 10% owner, sold multiple blocks of Class A common stock on 11/25/2025 in open-market transactions.

How many Atlassian (TEAM) shares did Michael Cannon-Brookes sell and at what prices?

He reported sales of 250, 1,300, 350, 3,453 and 2,312 Class A shares at weighted-average prices of $147.1964, $147.8077, $150.7129, $149.168 and $150.0157, with noted intraday price ranges for each block.

Was the Atlassian (TEAM) insider sale made under a Rule 10b5-1 trading plan?

Yes. The filing states that the transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 20, 2025.

How many Atlassian (TEAM) shares does Michael Cannon-Brookes own after these transactions?

After the reported sales, Michael Cannon-Brookes is shown as beneficially owning 183,960 Class A common shares, held indirectly through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

What is the relationship of the reporting person to Atlassian (TEAM)?

The reporting person, Michael Cannon-Brookes, is identified as a Director, Officer (CEO, Co-Founder), and 10% Owner of Atlassian Corp.

Where are the indirectly held Atlassian (TEAM) shares held for Michael Cannon-Brookes?

The filing explains that the reported Class A shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.