TEAM Form 4: Cannon-Brookes reports Rule 10b5-1 stock sales

Rhea-AI Filing Summary

Atlassian Corp CEO and co-founder Michael Cannon-Brookes reported open-market sales of Class A common stock on November 19, 2025 under a Rule 10b5-1 trading plan. The reported transactions involved multiple sales, including 650 shares at a weighted-average price of $149.7027, 800 shares at $148.8552, 2,981 shares at $147.7158 and 3,234 shares at $146.8265. After these trades, Cannon-Brookes beneficially owned 214,620 Atlassian Class A shares indirectly through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

Insights

Equity market analyst

Routine Rule 10b5-1 insider sales by Atlassian's CEO with substantial remaining holdings.

Michael Cannon-Brookes, Atlassian's CEO, director and 10% owner, disclosed several open-market sales of Class A common stock on November 19, 2025. The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 20, 2025, which is often used to systematize insider selling activity.

The filing lists four tranches sold at weighted-average prices between $146.8265 and $149.7027. Following these transactions, Cannon-Brookes still beneficially owns 214,620 Class A shares indirectly via CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, indicating he retains a significant economic interest.

Because the sales are under a Rule 10b5-1 plan and the filing does not describe any concurrent corporate events, this appears to be a routine insider liquidity move rather than a signal of a change in Atlassian's business outlook.

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)
11/19/2025

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	11/19/2025		S(1)		650	D	$149.7027(2)	221,635	I	See Footnote(3)
Class A Common Stock	11/19/2025		S(1)		800	D	$148.8552(4)	220,835	I	See Footnote(3)
Class A Common Stock	11/19/2025		S(1)		2,981	D	$147.7158(5)	217,854	I	See Footnote(3)
Class A Common Stock	11/19/2025		S(1)		3,234	D	$146.8265(6)	214,620	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 $149.40 to $150.06. 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 $148.35 to $149.33. 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 $147.31 to $148.27. 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 $146.31 to $147.30. 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	11/20/2025
	** 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.

FAQ

What insider transaction did Atlassian (TEAM) disclose in this Form 4?

The Form 4 reports that Michael Cannon-Brookes, Atlassian's CEO, director and 10% owner, sold multiple blocks of Class A common stock in open-market transactions on November 19, 2025.

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

After the reported transactions, Michael Cannon-Brookes beneficially owned 214,620 shares of Atlassian Class A common stock, held indirectly through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

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

The filing lists weighted-average sale prices of $149.7027, $148.8552, $147.7158 and $146.8265 per share for different trade blocks executed on November 19, 2025.

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

Yes. The filing states that the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Michael Cannon-Brookes on February 20, 2025.

Who is the reporting person in this Atlassian (TEAM) Form 4 and what is their role?

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

How are the Atlassian (TEAM) shares in this Form 4 held?

According to the explanation of responses, the shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, and are reported as indirectly owned.