Atlassian Co-Founder Cannon-Brookes Reduces Stake While Stock Trades Near $190

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Atlassian CEO and Co-Founder Michael Cannon-Brookes reported multiple sales of Class A Common Stock on June 20, 2025, executed through a pre-established Rule 10b5-1 trading plan from February 20, 2025. The transactions involved:

Total disposition of 7,665 shares across 8 separate transactions
Sale prices ranging from approximately $189.28 to $198.23 per share
Transactions executed at various weighted-average prices between $189.69 and $198.18
Remaining indirect beneficial ownership of 45,990 shares held through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust

The reporting person serves as Director, CEO, Co-Founder, and is a 10% owner of Atlassian. All transactions were executed pursuant to the automated trading plan, suggesting a pre-planned diversification or liquidity strategy rather than a reactive trading decision.

Positive

None.

Negative

CEO and Co-Founder Michael Cannon-Brookes sold 7,665 shares in total for approximately $1.47M through a pre-planned 10b5-1 trading plan

Insider Trade Summary

Net Seller: 7,665 shares ($1,475,064)

Net Sell 8 txns

Insider Cannon-Brookes Michael

Role CEO, Co-Founder

Sold 7,665 shs ($1.48M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,159	$193.9813	$225K
Sale	Class A Common Stock	152	$198.1776	$30K
Sale	Class A Common Stock	1,885	$191.8975	$362K
Sale	Class A Common Stock	250	$195.9708	$49K
Sale	Class A Common Stock	1,747	$193.1611	$337K
Sale	Class A Common Stock	150	$196.3897	$29K
Sale	Class A Common Stock	871	$189.6932	$165K
Sale	Class A Common Stock	1,451	$191.0847	$277K

Holdings After Transaction: Class A Common Stock — 52,496 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 $190.57 to $191.54. 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 $193.61 to $194.58. 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 $197.50 to $198.23. 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 $191.57 to $192.52. 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 $195.33 to $196.32. 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 $192.61 to $193.60. 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 $196.33 to $196.48. 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 $189.28 to $190.22. 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 →

06/23/2025 - 04:09 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)
06/20/2025

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)
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	06/20/2025		S⁽¹⁾		1,159	D	$193.9813⁽²⁾	52,496	I	See Footnote⁽³⁾
Class A Common Stock	06/20/2025		S⁽¹⁾		152	D	$198.1776⁽⁴⁾	52,344	I	See Footnote⁽³⁾
Class A Common Stock	06/20/2025		S⁽¹⁾		1,885	D	$191.8975⁽⁵⁾	50,459	I	See Footnote⁽³⁾
Class A Common Stock	06/20/2025		S⁽¹⁾		250	D	$195.9708⁽⁶⁾	50,209	I	See Footnote⁽³⁾
Class A Common Stock	06/20/2025		S⁽¹⁾		1,747	D	$193.1611⁽⁷⁾	48,462	I	See Footnote⁽³⁾
Class A Common Stock	06/20/2025		S⁽¹⁾		150	D	$196.3897⁽⁸⁾	48,312	I	See Footnote⁽³⁾
Class A Common Stock	06/20/2025		S⁽¹⁾		871	D	$189.6932⁽⁹⁾	47,441	I	See Footnote⁽³⁾
Class A Common Stock	06/20/2025		S⁽¹⁾		1,451	D	$191.0847⁽¹⁰⁾	45,990	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 $193.61 to $194.58. 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 $197.50 to $198.23. 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 $191.57 to $192.52. 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 $195.33 to $196.32. 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 $192.61 to $193.60. 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.

8. This transaction was executed in multiple trades during the day at prices ranging from $196.33 to $196.48. 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 $189.28 to $190.22. 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.

10. This transaction was executed in multiple trades during the day at prices ranging from $190.57 to $191.54. 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	06/23/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many TEAM shares did CEO Michael Cannon-Brookes sell on June 20, 2025?

Michael Cannon-Brookes sold a total of 7,665 Class A Common Stock shares on June 20, 2025, through multiple transactions at different price points ranging from approximately $189 to $198 per share.

What was the price range of TEAM stock sales by Cannon-Brookes on June 20, 2025?

The transactions occurred at various price points, with the lowest being around $189.28 and the highest at $198.23 per share. The sales were executed in multiple blocks with different weighted-average prices, including $193.98, $198.17, $191.89, $195.97, $193.16, $196.38, $189.69, and $191.08.

How many TEAM shares does Michael Cannon-Brookes own after the June 2025 transactions?

After the reported transactions, Michael Cannon-Brookes indirectly owned 45,990 shares of Class A Common Stock through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

Was TEAM CEO Cannon-Brookes' stock sale planned in advance?

Yes, the transactions were executed pursuant to a Rule 10b5-1 trading plan that was adopted by Cannon-Brookes on February 20, 2025, approximately four months before the actual sales took place.

What positions does Michael Cannon-Brookes hold at TEAM according to the Form 4?

According to the filing, Michael Cannon-Brookes serves as CEO and Co-Founder of Atlassian, while also holding positions as a Director and is classified as a 10% Owner of the company.