Atlassian (TEAM) CEO sells 7,665 shares under 10b5‑1 plan
Atlassian (TEAM) CEO, Co‑Founder and 10% Owner Michael Cannon‑Brookes reported open‑market sales totaling 7,665 shares of Class A common stock on 11/04/2025, executed pursuant to a Rule 10b5‑1 trading plan adopted on February 20, 2025.
Rhea-AI Filing Summary
Atlassian (TEAM) CEO, Co‑Founder and 10% Owner Michael Cannon‑Brookes reported open‑market sales totaling 7,665 shares of Class A common stock on 11/04/2025, executed pursuant to a Rule 10b5‑1 trading plan adopted on February 20, 2025.
The sales occurred in multiple trades with weighted‑average prices ranging from $162.7879 to $173.93. Following these transactions, 298,935 Class A shares were beneficially owned indirectly by CBC Co Pty Limited as trustee for the Cannon‑Brookes Head Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 300 | $168.7689 | $51K |
| Sale | Class A Common Stock | 200 | $166.7725 | $33K |
| Sale | Class A Common Stock | 1,451 | $165.6461 | $240K |
| Sale | Class A Common Stock | 1,969 | $164.8148 | $325K |
| Sale | Class A Common Stock | 805 | $163.6478 | $132K |
| Sale | Class A Common Stock | 150 | $173.93 | $26K |
| Sale | Class A Common Stock | 2,101 | $162.7879 | $342K |
| Sale | Class A Common Stock | 289 | $172.952 | $50K |
| Sale | Class A Common Stock | 50 | $171.09 | $9K |
| Sale | Class A Common Stock | 350 | $169.5786 | $59K |
Footnotes (11)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2025.
- F10. This transaction was executed in multiple trades during the day at prices ranging from $172.42 to $173.28. 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.
- F11. This transaction was executed in multiple trades during the day at prices ranging from $169.18 to $169.77. 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.
- F2. This transaction was executed in multiple trades during the day at prices ranging from $168.14 to $169.05. 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 $166.74 to $166.79. 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 $165.24 to $166.21. 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 $164.24 to $165.22. 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 $163.21 to $164.20. 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 $173.73 to $174.16. 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.
- F9. This transaction was executed in multiple trades during the day at prices ranging from $162.20 to $163.19. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TEAM report on Form 4?
Michael Cannon‑Brookes reported open‑market sales totaling 7,665 Atlassian Class A shares on 11/04/2025.
Was the TEAM insider sale under a Rule 10b5-1 plan?
Yes. The filing states the sales were under a Rule 10b5‑1 trading plan adopted on February 20, 2025.
What prices were reported for the TEAM insider trades?
Weighted‑average prices ranged from $162.7879 to $173.93, with trades executed in multiple transactions throughout the day.
What is Michael Cannon‑Brookes’ relationship to Atlassian (TEAM)?
He is a Director, CEO, Co‑Founder, and a 10% Owner.
Were any derivative securities reported in this Form 4?
No derivative transactions are listed; Table II shows no entries.
AI-generated analysis. How Rhea-AI works. Not financial advice.