TEAM insider sale: Cannon-Brookes trades 7,665 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atlassian (TEAM): CEO and Co-Founder Michael Cannon-Brookes reported insider sales. On 10/27/2025, he sold Class A common stock in three transactions totaling 7,665 shares: 650 shares at a weighted-average price of $166.337, 3,006 shares at $165.3175, and 4,009 shares at $164.6045. The sales were made pursuant to a Rule 10b5-1 trading plan adopted on February 20, 2025.
Following these transactions, he beneficially owns 344,925 Class A shares indirectly through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. He is listed as Director, CEO, Co-Founder, and a 10% Owner. The trades were executed in multiple lots within disclosed intraday price ranges, with the weighted-average prices reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,665 shares ($1,264,963)
Net Sell
3 txns
Insider
Cannon-Brookes Michael
Role
CEO, Co-Founder
Sold
7,665 shs ($1.26M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 650 | $166.337 | $108K |
| Sale | Class A Common Stock | 3,006 | $165.3175 | $497K |
| Sale | Class A Common Stock | 4,009 | $164.6045 | $660K |
Holdings After Transaction:
Class A Common Stock — 351,940 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 $166.03 to $166.81. 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 $165.02 to $165.97. 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 $164.02 to $165.02. 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
What did Atlassian (TEAM) disclose in this Form 4?
Insider sales by Michael Cannon-Brookes on 10/27/2025 of Class A shares across three transactions, reported with weighted-average prices.
Was the sale under a 10b5-1 plan?
Yes. The filing states the trades were made under a Rule 10b5-1 plan adopted on February 20, 2025.
What roles does the reporting person hold at Atlassian (TEAM)?
He is listed as Director, CEO, Co-Founder, and a 10% Owner.
Were the trades single prints or multiple executions?
Multiple executions within intraday price ranges; the filing reports weighted-average prices and offers full trade details upon request.