Atlassian CEO Michael Cannon-Brookes discloses November 2025 stock sales

Rhea-AI Filing Summary

Atlassian Corp (TEAM) CEO and Co-Founder Michael Cannon-Brookes, who is also a director and 10% owner, reported multiple open-market sales of Atlassian Class A common stock. On November 20, 2025, he sold several blocks of shares at weighted-average prices generally between about $144 and $149 per share under transaction code “S” for sales. The largest single reported block was 3,455 shares at a weighted-average price of $144.0436.

The filing states that these transactions were made under a Rule 10b5-1 trading plan adopted on February 20, 2025, which is a pre-arranged plan for selling shares. Following the reported transactions, Cannon-Brookes beneficially owned 206,955 shares of Atlassian Class A common stock, held indirectly through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

Insider Trade Summary

Net Seller: 7,665 shares ($1,115,452)

Net Sell 7 txns

Insider Cannon-Brookes Michael

Role CEO, Co-Founder

Sold 7,665 shs ($1.12M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,400	$144.7625	$203K
Sale	Class A Common Stock	3,455	$144.0436	$498K
Sale	Class A Common Stock	100	$149.695	$15K
Sale	Class A Common Stock	610	$148.8901	$91K
Sale	Class A Common Stock	1,000	$148.0434	$148K
Sale	Class A Common Stock	750	$147.0057	$110K
Sale	Class A Common Stock	350	$145.7827	$51K

Holdings After Transaction: Class A Common Stock — 213,220 shares (Indirect, See Footnote)

Footnotes (1)

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 $144.43 to $145.37. 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. 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 $143.43 to $144.42. 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 $149.61 to $149.78. 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 $148.54 to $149.39. 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 $147.53 to $148.49. 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 $146.53 to $147.38. 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 $145.48 to $146.46. 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 →

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)
11/20/2025

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	11/20/2025		S(1)		1,400	D	$144.7625(2)	213,220	I	See Footnote(3)
Class A Common Stock	11/20/2025		S(1)		3,455	D	$144.0436(4)	209,765	I	See Footnote(3)
Class A Common Stock	11/20/2025		S(1)		100	D	$149.695(5)	209,665	I	See Footnote(3)
Class A Common Stock	11/20/2025		S(1)		610	D	$148.8901(6)	209,055	I	See Footnote(3)
Class A Common Stock	11/20/2025		S(1)		1,000	D	$148.0434(7)	208,055	I	See Footnote(3)
Class A Common Stock	11/20/2025		S(1)		750	D	$147.0057(8)	207,305	I	See Footnote(3)
Class A Common Stock	11/20/2025		S(1)		350	D	$145.7827(9)	206,955	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 $144.43 to $145.37. 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.

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 $143.43 to $144.42. 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 $149.61 to $149.78. 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 $148.54 to $149.39. 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 $147.53 to $148.49. 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 $146.53 to $147.38. 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 $145.48 to $146.46. 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	11/21/2025
	** 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 did Atlassian (TEAM) report in this Form 4 filing?

The filing reports that Michael Cannon-Brookes, Atlassian’s CEO, Co-Founder, director, and 10% owner, sold multiple blocks of Class A common stock in open-market transactions on November 20, 2025 and updated his beneficial ownership.

How many Atlassian (TEAM) shares did Michael Cannon-Brookes sell in the largest trade?

The largest single reported trade shows a sale of 3,455 shares of Atlassian Class A common stock at a weighted-average price of $144.0436 per share.

At what prices were the Atlassian (TEAM) shares sold in these transactions?

The reported sales on November 20, 2025 were executed at weighted-average prices including $144.7625, $144.0436, $149.695, $148.8901, $148.0434, $147.0057, and $145.7827 per share, each based on multiple trades during the day.

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

After the reported transactions, Michael Cannon-Brookes beneficially owned 206,955 shares of Atlassian Class A common stock, held indirectly through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

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

Yes. The filing notes that the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Michael Cannon-Brookes on February 20, 2025, which is a pre-arranged plan for trading company stock.

Who holds the Atlassian (TEAM) shares reported as indirectly owned by Michael Cannon-Brookes?

The indirectly owned shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, as stated in the explanation of responses.