Trust linked to Atlassian (TEAM) CEO logs Rule 10b5-1 share sales

Q: Who actually held the Atlassian (TEAM) shares involved in these sales?

The shares were held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust . Michael Cannon-Brookes is the reporting person, but ownership in the filing is described as indirect through this trust structure rather than directly in his own name.

Q: What were some of the reported sale prices for the Atlassian (TEAM) shares?

Reported weighted-average prices included $103.2844 for a 1,750-share sale and $98.3722 for a 1,415-share sale. The filing notes each transaction was executed in multiple trades within specified intraday price ranges, with details available upon request.

Q: How does the Form 4 describe the nature of ownership for these Atlassian (TEAM) shares?

The ownership is reported as indirect , with the nature of ownership noted in a footnote. That footnote explains the shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, rather than being held directly by Michael Cannon-Brookes personally.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

CBC Co Pty Limited, as trustee for the Cannon-Brookes Head Trust associated with Atlassian CEO and Co-Founder Michael Cannon-Brookes, reported multiple open-market sales of Atlassian Class A Common Stock. On February 5, 2026, the trust sold several blocks of shares under a pre-arranged Rule 10b5-1 trading plan adopted on February 20, 2025.

Individual transactions included sales such as 1,750 shares at a weighted-average price of $103.2844 and 1,415 shares at a weighted-average price of $98.3722, executed in multiple trades within stated intraday price ranges. Following the last reported sale at $106.04, the trust held 283,605 shares of Atlassian Class A Common Stock indirectly.

Insider Trade Summary

Net Seller: 7,665 shares ($783,970)

Net Sell 8 txns

Insider Cannon-Brookes Michael

Role CEO, Co-Founder

Sold 7,665 shs ($784K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,750	$103.2844	$181K
Sale	Class A Common Stock	850	$102.3841	$87K
Sale	Class A Common Stock	950	$105.2665	$100K
Sale	Class A Common Stock	1,400	$104.534	$146K
Sale	Class A Common Stock	1,415	$98.3722	$139K
Sale	Class A Common Stock	50	$106.04	$5K
Sale	Class A Common Stock	350	$101.3125	$35K
Sale	Class A Common Stock	900	$99.8749	$90K

Holdings After Transaction: Class A Common Stock — 289,520 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 $102.91 to $103.70. 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 $101.81 to $102.79. 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. This transaction was executed in multiple trades during the day at prices ranging from $104.94 to $105.71. 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 $103.94 to $104.91. 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 $97.94 to $98.93. 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 $100.74 to $101.60. 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 $99.45 to $100.41. 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.

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Form 4 Insider Transactions: What Each Field Means →

02/06/2026 - 04:36 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)
02/05/2026

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	02/05/2026		S⁽¹⁾		1,750	D	$103.2844⁽²⁾	289,520	I	See Footnote⁽³⁾
Class A Common Stock	02/05/2026		S⁽¹⁾		850	D	$102.3841⁽⁴⁾	288,670	I	See Footnote⁽³⁾
Class A Common Stock	02/05/2026		S⁽¹⁾		950	D	$105.2665⁽⁵⁾	287,720	I	See Footnote⁽³⁾
Class A Common Stock	02/05/2026		S⁽¹⁾		1,400	D	$104.534⁽⁶⁾	286,320	I	See Footnote⁽³⁾
Class A Common Stock	02/05/2026		S⁽¹⁾		1,415	D	$98.3722⁽⁷⁾	284,905	I	See Footnote⁽³⁾
Class A Common Stock	02/05/2026		S⁽¹⁾		50	D	$106.04	284,855	I	See Footnote⁽³⁾
Class A Common Stock	02/05/2026		S⁽¹⁾		350	D	$101.3125⁽⁸⁾	284,505	I	See Footnote⁽³⁾
Class A Common Stock	02/05/2026		S⁽¹⁾		900	D	$99.8749⁽⁹⁾	283,605	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 $102.91 to $103.70. 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 $101.81 to $102.79. 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.

5. This transaction was executed in multiple trades during the day at prices ranging from $104.94 to $105.71. 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 $103.94 to $104.91. 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 $97.94 to $98.93. 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.

8. This transaction was executed in multiple trades during the day at prices ranging from $100.74 to $101.60. 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.

9. This transaction was executed in multiple trades during the day at prices ranging from $99.45 to $100.41. 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	02/06/2026
	** 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) disclose in this Form 4?

The filing reports multiple open-market sales of Atlassian Class A Common Stock on February 5, 2026 by a trust associated with CEO and Co-Founder Michael Cannon-Brookes. These sales were executed in several blocks at different weighted-average prices throughout the trading day.

Who actually held the Atlassian (TEAM) shares involved in these sales?

The shares were held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. Michael Cannon-Brookes is the reporting person, but ownership in the filing is described as indirect through this trust structure rather than directly in his own name.

Were the Atlassian (TEAM) insider sales part of a 10b5-1 trading plan?

Yes. The filing states the transactions were effected under a Rule 10b5-1 trading plan adopted by the reporting person on February 20, 2025. Such plans allow pre-scheduled trades according to predetermined instructions, providing structure for insider share sales.

What were some of the reported sale prices for the Atlassian (TEAM) shares?

Reported weighted-average prices included $103.2844 for a 1,750-share sale and $98.3722 for a 1,415-share sale. The filing notes each transaction was executed in multiple trades within specified intraday price ranges, with details available upon request.

How many Atlassian (TEAM) shares did the trust hold after the reported transactions?

After the final reported sale on February 5, 2026, the trust held 283,605 shares of Atlassian Class A Common Stock indirectly. This figure reflects the number of shares beneficially owned by the trust following completion of the series of same-day transactions.

How does the Form 4 describe the nature of ownership for these Atlassian (TEAM) shares?

The ownership is reported as indirect, with the nature of ownership noted in a footnote. That footnote explains the shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, rather than being held directly by Michael Cannon-Brookes personally.