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  4. [Form 4] Atlassian Corp Insider Trading Activity

Atlassian CEO 10b5-1 sale at $162.50–$167.50 price range

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

Rhea-AI Filing Summary

Atlassian (TEAM): Co‑Founder and CEO Michael Cannon‑Brookes reported open‑market sales of 7,665 Class A shares on 10/24/2025, executed under a Rule 10b5‑1 trading plan adopted on February 20, 2025.

The transactions were completed in multiple trades with weighted‑average sale prices ranging from $162.50 to $167.50. Following these sales, indirect beneficial ownership stood at 352,590 Class A shares, held by CBC Co Pty Limited as trustee for the Cannon‑Brookes Head Trust.

Positive

  • None.

Negative

  • None.

Insights

Planned Form 4 sales; administrative, neutral impact.

The filing lists multiple open‑market sales by Atlassian’s CEO on 10/24/2025 totaling 7,665 Class A shares. The trades were executed pursuant to a pre‑established Rule 10b5‑1 plan adopted on February 20, 2025, which automates transactions under preset conditions.

Weighted‑average prices reported per tranche ranged between $162.50 and $167.50. After these sales, indirect beneficial ownership is 352,590 shares held via CBC Co Pty Limited as trustee for the Cannon‑Brookes Head Trust.

Such planned insider sales are administrative in nature; actual market impact depends on overall trading volume and holder decisions.

Insider Cannon-Brookes Michael
Role CEO, Co-Founder
Sold 7,665 shs ($1.26M)
Type Security Shares Price Value
Sale Class A Common Stock 2,977 $164.6896 $490K
Sale Class A Common Stock 550 $165.8885 $91K
Sale Class A Common Stock 850 $166.7267 $142K
Sale Class A Common Stock 100 $167.50 $17K
Sale Class A Common Stock 782 $162.5042 $127K
Sale Class A Common Stock 2,406 $163.6954 $394K
Holdings After Transaction: Class A Common Stock — 357,278 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 $164.27 to $165.26. 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 $165.30 to $166.23. 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 $166.39 to $167.09. 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. This transaction was executed in multiple trades during the day at prices ranging from $162.22 to $163.21. 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. This transaction was executed in multiple trades during the day at prices ranging from $163.23 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.
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)
10/24/2025
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 10/24/2025 S(1) 2,977 D $164.6896(2) 357,278 I See Footnote(3)
Class A Common Stock 10/24/2025 S(1) 550 D $165.8885(4) 356,728 I See Footnote(3)
Class A Common Stock 10/24/2025 S(1) 850 D $166.7267(5) 355,878 I See Footnote(3)
Class A Common Stock 10/24/2025 S(1) 100 D $167.5 355,778 I See Footnote(3)
Class A Common Stock 10/24/2025 S(1) 782 D $162.5042(6) 354,996 I See Footnote(3)
Class A Common Stock 10/24/2025 S(1) 2,406 D $163.6954(7) 352,590 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 $164.27 to $165.26. 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 $165.30 to $166.23. 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 $166.39 to $167.09. 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.
6. This transaction was executed in multiple trades during the day at prices ranging from $162.22 to $163.21. 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.
7. This transaction was executed in multiple trades during the day at prices ranging from $163.23 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.
Remarks:
/s/ Veena Bhatia, Attorney-in-Fact for Cannon-Brookes Michael 10/27/2025
** 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 did Atlassian (TEAM) disclose in this Form 4?

Open‑market sales by CEO Michael Cannon‑Brookes totaling 7,665 Class A shares on 10/24/2025.

Were the TEAM insider sales under a Rule 10b5-1 plan?

Yes. The sales were effected under a Rule 10b5‑1 trading plan adopted on February 20, 2025.

What price range did the Atlassian shares sell for?

Weighted‑average sale prices ranged from $162.50 to $167.50 across multiple trades.

How many Atlassian shares does the insider own after these trades?

Indirect beneficial ownership is 352,590 Class A shares.

How are the remaining TEAM shares held?

They are held indirectly by CBC Co Pty Limited as trustee for the Cannon‑Brookes Head Trust.

What is the role of the reporting person at Atlassian?

He is the CEO, Co‑Founder, and a Director.