Trust linked to Atlassian (TEAM) CEO sells 7,665 Class A shares
Rhea-AI Filing Summary
CBC Co Pty Limited, as trustee for the Cannon-Brookes Head Trust, sold a total of 7,665 shares of Atlassian Class A Common Stock on January 30, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on February 20, 2025.
The shares were sold in multiple trades at weighted-average prices ranging from $117.97 to $122.66 per share. Following these transactions, the trust continued to hold 314,265 Atlassian Class A shares indirectly attributable to Atlassian CEO and Co-Founder Michael Cannon-Brookes, who is also a director and more than 10% owner.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,665 shares
Net Sell
5 txns
Insider
Cannon-Brookes Michael
Role
CEO, Co-Founder
Sold
7,665 shs ($913K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,250 | $119.4542 | $388K |
| Sale | Class A Common Stock | 731 | $120.3553 | $88K |
| Sale | Class A Common Stock | 3,384 | $118.345 | $400K |
| Sale | Class A Common Stock | 200 | $121.8325 | $24K |
| Sale | Class A Common Stock | 100 | $122.595 | $12K |
Holdings After Transaction:
Class A Common Stock — 314,265 shares (Indirect, See Footnote)
Footnotes (7)
- F1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2025.
- F2. This transaction was executed in multiple trades during the day at prices ranging from $118.99 to $119.95. 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.
- F3. Shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
- F4. This transaction was executed in multiple trades during the day at prices ranging from $120.00 to $120.94. 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.
- F5. This transaction was executed in multiple trades during the day at prices ranging from $117.97 to $118.96. 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.
- F6. This transaction was executed in multiple trades during the day at prices ranging from $121.48 to $122.37. 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.
- F7. This transaction was executed in multiple trades during the day at prices ranging from $122.53 to $122.66. 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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FAQ
What insider transaction did Atlassian (TEAM) report on January 30, 2026?
Atlassian reported that CBC Co Pty Limited, as trustee for the Cannon-Brookes Head Trust, sold 7,665 Class A shares on January 30, 2026. These indirect holdings are attributable to CEO and Co-Founder Michael Cannon-Brookes, a director and more than 10% owner of Atlassian.
Was the Atlassian (TEAM) insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Michael Cannon-Brookes on February 20, 2025. Such plans allow pre-scheduled trades, helping insiders sell shares under predetermined instructions.
Who is the reporting person in this Atlassian (TEAM) Form 4 filing?
The reporting person is Michael Cannon-Brookes, Atlassian’s CEO, Co-Founder, director, and more than 10% owner. The shares involved are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust and reported as indirect beneficial ownership.
How many separate sale transactions are disclosed in this Atlassian (TEAM) Form 4?
The Form 4 discloses five separate sales of Atlassian Class A Common Stock on January 30, 2026. Individual trades covered 3,250, 731, 3,384, 200, and 100 shares respectively, each with its own reported weighted-average sale price and remaining indirect holdings.