TEAM Form 4: Cannon-Brookes Disposes 7,665 Class A Shares Under 10b5-1 Plan

Q: How many shares were sold and at what prices in the TEAM Form 4?

Total sold: 7,665 shares across multiple blocks with weighted-average block prices ranging from $170.443 to $188.241 ; intraday price ranges are provided in the footnotes.

Q: Were the sales pre-planned under a 10b5-1 trading plan for TEAM?

Yes. The Form 4 states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on February 20, 2025 .

Q: Does the Form 4 report any derivative transactions for TEAM?

No. Table II on the Form 4 contains no reported derivative securities acquired or disposed of.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Michael Cannon-Brookes, a CEO, co-founder, director and noted 10% owner of Atlassian (TEAM), reported multiple dispositions of Class A common stock executed on 08/07/2025 pursuant to a Rule 10b5-1 trading plan adopted on February 20, 2025. The Form 4 lists 16 dispositions totaling 7,665 shares, with weighted-average block prices reported between $170.443 and $188.241. Shares underlying these sales are held indirectly by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, and the report shows indirect beneficial ownership of 283,605 shares following the transactions. Footnotes state the filer will provide transaction-level price and quantity details upon request.

Positive

Transactions were executed under a Rule 10b5-1 trading plan adopted on February 20, 2025, indicating pre-established trading instructions.
Filer discloses weighted-average prices and offers to provide full trade-level details upon request, supporting transparency of the reported sales.

Negative

Reported dispositions total 7,665 Class A shares, representing insider sales of Company stock.
Indirect beneficial ownership after the reported transactions is 283,605 shares, lower than the earlier reported holdings in the Form 4 table.

Insights

TL;DR Minor insider selling under a disclosed 10b5-1 plan; holdings remain substantial and disclosures include weighted-average prices.

The Form 4 documents 16 sale transactions totaling 7,665 Class A shares executed on 08/07/2025 under a Rule 10b5-1 plan adopted February 20, 2025. Reported weighted-average prices per block range from $170.443 to $188.241. The shares are held indirectly through CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, and indirect beneficial ownership after these transactions is reported as 283,605 shares. The filing includes footnotes offering trade-level detail on request, which supports transparency.

TL;DR Sales executed under a pre-established 10b5-1 plan with explicit footnote disclosure; governance implications appear limited.

The insider disclosures identify the transactions as sales effected pursuant to a 10b5-1 plan, and the filing provides weighted-average prices and intraday ranges in footnotes for each block. Holdings remain in an indirect trust vehicle, with 283,605 Class A shares reported after the disposals. Given the pre-arranged nature and the level of disclosure, the filing raises limited immediate governance concerns based on the information provided.

Insider Trade Summary

Net Seller: 7,665 shares ($1,342,410)

Net Sell 16 txns

Insider Cannon-Brookes Michael

Role CEO, Co-Founder

Sold 7,665 shs ($1.34M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	150	$182.35	$27K
Sale	Class A Common Stock	708	$170.443	$121K
Sale	Class A Common Stock	452	$176.4506	$80K
Sale	Class A Common Stock	1,373	$172.3712	$237K
Sale	Class A Common Stock	150	$187.36	$28K
Sale	Class A Common Stock	300	$177.431	$53K
Sale	Class A Common Stock	1,499	$173.3577	$260K
Sale	Class A Common Stock	150	$188.241	$28K
Sale	Class A Common Stock	150	$180.1633	$27K
Sale	Class A Common Stock	244	$183.9534	$45K
Sale	Class A Common Stock	250	$174.162	$44K
Sale	Class A Common Stock	250	$181.451	$45K
Sale	Class A Common Stock	300	$186.4502	$56K
Sale	Class A Common Stock	400	$175.3256	$70K
Sale	Class A Common Stock	1,189	$171.3666	$204K
Sale	Class A Common Stock	100	$178.975	$18K

Holdings After Transaction: Class A Common Stock — 291,120 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 $188.15 to $188.32. 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 $179.75 to $180.45. 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 $183.23 to $184.18. 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 $173.94 to $174.75. 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 $181.00 to $181.81. 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. This transaction was executed in multiple trades during the day at prices ranging from $185.96 to $186.83. 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 $174.94 to $175.91. 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 $170.79 to $171.78. 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 $178.67 to $179.28. 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 $182.08 to $182.88. 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 $169.75 to $170.74. 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 $176.02 to $176.82. 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 $171.88 to $172.87. 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 $187.09 to $187.79. 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 $177.15 to $177.94. 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. This transaction was executed in multiple trades during the day at prices ranging from $172.88 to $173.87. 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 →

08/08/2025 - 08:25 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)
08/07/2025

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	08/07/2025		S⁽¹⁾		150	D	$182.35⁽²⁾	291,120	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		708	D	$170.443⁽⁴⁾	290,412	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		452	D	$176.4506⁽⁵⁾	289,960	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		1,373	D	$172.3712⁽⁶⁾	288,587	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		150	D	$187.36⁽⁷⁾	288,437	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		300	D	$177.431⁽⁸⁾	288,137	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		1,499	D	$173.3577⁽⁹⁾	286,638	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		150	D	$188.241⁽¹⁰⁾	286,488	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		150	D	$180.1633⁽¹¹⁾	286,338	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		244	D	$183.9534⁽¹²⁾	286,094	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		250	D	$174.162⁽¹³⁾	285,844	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		250	D	$181.451⁽¹⁴⁾	285,594	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		300	D	$186.4502⁽¹⁵⁾	285,294	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		400	D	$175.3256⁽¹⁶⁾	284,894	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		1,189	D	$171.3666⁽¹⁷⁾	283,705	I	See Footnote⁽³⁾
Class A Common Stock	08/07/2025		S⁽¹⁾		100	D	$178.975⁽¹⁸⁾	283,605	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 $182.08 to $182.88. 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 $169.75 to $170.74. 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 $176.02 to $176.82. 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 $171.88 to $172.87. 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 $187.09 to $187.79. 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 $177.15 to $177.94. 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.

9. This transaction was executed in multiple trades during the day at prices ranging from $172.88 to $173.87. 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 $188.15 to $188.32. 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.

11. This transaction was executed in multiple trades during the day at prices ranging from $179.75 to $180.45. 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.

12. This transaction was executed in multiple trades during the day at prices ranging from $183.23 to $184.18. 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.

13. This transaction was executed in multiple trades during the day at prices ranging from $173.94 to $174.75. 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.

14. This transaction was executed in multiple trades during the day at prices ranging from $181.00 to $181.81. 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.

15. This transaction was executed in multiple trades during the day at prices ranging from $185.96 to $186.83. 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.

16. This transaction was executed in multiple trades during the day at prices ranging from $174.94 to $175.91. 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.

17. This transaction was executed in multiple trades during the day at prices ranging from $170.79 to $171.78. 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.

18. This transaction was executed in multiple trades during the day at prices ranging from $178.67 to $179.28. 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	08/08/2025
	** 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 on the Form 4 for TEAM?

He reported 16 dispositions totaling 7,665 Class A shares on 08/07/2025 under a Rule 10b5-1 plan; indirect holdings after the sales are 283,605 shares.

How many shares were sold and at what prices in the TEAM Form 4?

Total sold: 7,665 shares across multiple blocks with weighted-average block prices ranging from $170.443 to $188.241; intraday price ranges are provided in the footnotes.

Were the sales pre-planned under a 10b5-1 trading plan for TEAM?

Yes. The Form 4 states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on February 20, 2025.

Who holds the shares reported on the Form 4?

Shares are held indirectly by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust, per the filing.

Does the Form 4 report any derivative transactions for TEAM?

No. Table II on the Form 4 contains no reported derivative securities acquired or disposed of.