STOCK TITAN
  1. Home
  2. Sec-filings
  3. TEAM
  4. [Form 4] Atlassian Corporation Insider Trading Activity

Atlassian insider disposes 7,665 Class A shares via 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Atlassian director, CEO and 10% owner Michael Cannon-Brookes reported multiple sales of Class A common stock on 08/22/2025 executed under a Rule 10b5-1 trading plan adopted on February 20, 2025. The transactions amounted to 7,665 shares sold in multiple intra-day trades at weighted-average prices shown per lot, with reported prices ranging roughly from $164 to $171. After these dispositions, the reporting person beneficially owns 199,290 Class A shares indirectly through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. The Form 4 is signed by an attorney-in-fact on 08/25/2025.

Positive

  • None.

Negative

  • Reporting person sold 7,665 Class A shares on 08/22/2025 under a 10b5-1 plan, reducing indirect holdings to 199,290 shares

Insights

TL;DR Director sold a small block of shares under a pre-established 10b5-1 plan, leaving ~199k indirectly held shares.

The reported sales total 7,665 Class A shares executed across multiple intra-day trades at weighted-average prices per lot between approximately $164 and $171. The transactions were effected pursuant to a Rule 10b5-1 plan adopted February 20, 2025, which provides an affirmative defense to insider trading claims when properly established. The holdings after the sales are held indirectly by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, reflecting continued substantial ownership.

TL;DR Routine, pre-planned insider disposals under a 10b5-1 plan; disclosure aligns with Section 16 reporting requirements.

The Form 4 discloses multiple sales executed pursuant to an established 10b5-1 plan, with explanatory footnotes describing price ranges and the indirect holding vehicle. The filing is complete with signature by an attorney-in-fact. From a governance perspective, use of a documented 10b5-1 plan and timely Form 4 filing signal procedural compliance rather than an ad hoc insider sale.

Insider Cannon-Brookes Michael
Role CEO, Co-Founder
Sold 7,665 shs ($1.30M)
Type Security Shares Price Value
Sale Class A Common Stock 1,600 $169.5196 $271K
Sale Class A Common Stock 4,245 $170.6118 $724K
Sale Class A Common Stock 350 $165.3962 $58K
Sale Class A Common Stock 250 $166.25 $42K
Sale Class A Common Stock 470 $171.4289 $81K
Sale Class A Common Stock 250 $164.08 $41K
Sale Class A Common Stock 500 $168.8521 $84K
Holdings After Transaction: Class A Common Stock — 205,355 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 $169.06 to $169.94. 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. 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 $170.08 to $171.05. 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 $164.88 to $165.86. 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 $165.99 to $166.61. 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 $171.13 to $171.97. 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 $163.85 to $164.20. 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 $168.06 to $169.02. 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.
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)
08/22/2025
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 08/22/2025 S(1) 1,600 D $169.5196(2) 205,355 I See Footnote(3)
Class A Common Stock 08/22/2025 S(1) 4,245 D $170.6118(4) 201,110 I See Footnote(3)
Class A Common Stock 08/22/2025 S(1) 350 D $165.3962(5) 200,760 I See Footnote(3)
Class A Common Stock 08/22/2025 S(1) 250 D $166.25(6) 200,510 I See Footnote(3)
Class A Common Stock 08/22/2025 S(1) 470 D $171.4289(7) 200,040 I See Footnote(3)
Class A Common Stock 08/22/2025 S(1) 250 D $164.08(8) 199,790 I See Footnote(3)
Class A Common Stock 08/22/2025 S(1) 500 D $168.8521(9) 199,290 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 $169.06 to $169.94. 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.
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 $170.08 to $171.05. 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 $164.88 to $165.86. 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 $165.99 to $166.61. 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 $171.13 to $171.97. 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.
8. This transaction was executed in multiple trades during the day at prices ranging from $163.85 to $164.20. 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 $168.06 to $169.02. 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.
Remarks:
/s/ Veena Bhatia, Attorney-in-Fact for Cannon-Brookes Michael 08/25/2025
** 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

What did Michael Cannon-Brookes report in the Form 4 for TEAM?

The Form 4 reports multiple sales of Class A common stock totaling 7,665 shares executed on 08/22/2025 under a Rule 10b5-1 plan.

Were the sales by the TEAM reporting person part of a 10b5-1 plan?

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

How many TEAM shares does the reporting person beneficially own after the transactions?

After the reported dispositions the reporting person indirectly beneficially owns 199,290 Class A shares held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

What price range were the TEAM shares sold at?

Footnotes disclose intra-day trade price ranges by lot roughly between $163.85 and $171.97, with weighted-average prices reported for each lot.

Who signed the Form 4 filing for Michael Cannon-Brookes?

The Form 4 is signed by Veena Bhatia, Attorney-in-Fact for Michael Cannon-Brookes, dated 08/25/2025.