TEAM Form 4: Atlassian CEO Cannon-Brookes reports stock sales

Q: How are the Atlassian (TEAM) shares held by Michael Cannon-Brookes structured?

The Form 4 explains that the shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust , and are reported as indirectly owned by Michael Cannon-Brookes.

Q: What is Michael Cannon-Brookes' relationship to Atlassian (TEAM) as noted in the filing?

He is identified as a director , 10% owner , and officer with the title CEO and Co-Founder of Atlassian Corp.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Atlassian Corp (TEAM) reported insider share sales by its CEO and Co-Founder Michael Cannon-Brookes, who is also a director and 10% owner. On 11/14/2025, an affiliated trust sold multiple blocks of Class A Common Stock at weighted-average prices between $150.2043 and $154.79, using transaction code S, which indicates open market or private sales. After these sales, the trust held 237,615 shares of Atlassian Class A Common Stock, all reported as indirectly owned through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. The trades were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 20, 2025.

Insider Trade Summary

Net Seller: 7,665 shares ($1,168,978)

Net Sell 6 txns

Insider Cannon-Brookes Michael

Role CEO, Co-Founder

Sold 7,665 shs ($1.17M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	3,638	$152.0657	$553K
Sale	Class A Common Stock	1,408	$153.0974	$216K
Sale	Class A Common Stock	50	$154.79	$8K
Sale	Class A Common Stock	1,450	$154.1847	$224K
Sale	Class A Common Stock	350	$150.2043	$53K
Sale	Class A Common Stock	769	$151.2655	$116K

Holdings After Transaction: Class A Common Stock — 241,642 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 $151.60 to $152.56. 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. 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 $152.60 to $153.56. 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 $153.63 to $154.58. 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 $149.59 to $150.50. 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 $150.60 to $151.59. 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 →

11/17/2025 - 05:10 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)
11/14/2025

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	11/14/2025		S⁽¹⁾		3,638	D	$152.0657⁽²⁾	241,642	I	See Footnote⁽³⁾
Class A Common Stock	11/14/2025		S⁽¹⁾		1,408	D	$153.0974⁽⁴⁾	240,234	I	See Footnote⁽³⁾
Class A Common Stock	11/14/2025		S⁽¹⁾		50	D	$154.79	240,184	I	See Footnote⁽³⁾
Class A Common Stock	11/14/2025		S⁽¹⁾		1,450	D	$154.1847⁽⁵⁾	238,734	I	See Footnote⁽³⁾
Class A Common Stock	11/14/2025		S⁽¹⁾		350	D	$150.2043⁽⁶⁾	238,384	I	See Footnote⁽³⁾
Class A Common Stock	11/14/2025		S⁽¹⁾		769	D	$151.2655⁽⁷⁾	237,615	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 $151.60 to $152.56. 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.

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 $152.60 to $153.56. 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.

5. This transaction was executed in multiple trades during the day at prices ranging from $153.63 to $154.58. 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 $149.59 to $150.50. 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 $150.60 to $151.59. 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	11/17/2025
	** 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 in Atlassian (TEAM) is disclosed in this Form 4?

The filing reports that Atlassian CEO, Co-Founder, director and 10% owner Michael Cannon-Brookes, through an affiliated trust, sold multiple blocks of Class A Common Stock on 11/14/2025 in open market sales.

How many Atlassian (TEAM) shares does Michael Cannon-Brookes still beneficially own after the reported sales?

Following the reported transactions on 11/14/2025, the trust associated with Michael Cannon-Brookes beneficially owned 237,615 shares of Atlassian Class A Common Stock, held indirectly.

At what prices were the Atlassian (TEAM) shares sold in this Form 4?

The Class A Common Stock sales were executed in multiple trades at weighted-average prices including $152.0657, $153.0974, $154.79, $154.1847, $150.2043 and $151.2655, each representing trades within disclosed intraday price ranges.

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

Yes. The filing states that the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 20, 2025, indicating a pre-arranged trading program.

How are the Atlassian (TEAM) shares held by Michael Cannon-Brookes structured?

The Form 4 explains that the shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, and are reported as indirectly owned by Michael Cannon-Brookes.

What is Michael Cannon-Brookes' relationship to Atlassian (TEAM) as noted in the filing?

He is identified as a director, 10% owner, and officer with the title CEO and Co-Founder of Atlassian Corp.