Cannon-Brookes Michael 4

What Happened
Michael Cannon‑Brookes, reported as a 10% owner of Atlassian Corp (TEAM), sold 7,665 shares on January 20, 2026. The shares were disposed at $118.19 each, for a total of approximately $905,916. This was a sale (not a purchase) and was effected under a pre‑established Rule 10b5‑1 trading plan.

Key Details

• Transaction date: 2026-01-20; Price: $118.19 per share; Shares sold: 7,665; Total proceeds ≈ $905,916.
• Transaction type: Sale (S) — noted as open‑market or private sale on the Form 4.
• Filing: Form 4 accession dated 2026-01-21 — filed the day after the transaction (timely).
• Footnotes: (1) Trade effected pursuant to a Rule 10b5‑1 trading plan adopted Feb 20, 2025. (2) Shares are held by CBC Co Pty Limited as trustee for the Cannon‑Brookes Head Trust.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
As a reported 10% owner, Cannon‑Brookes is a major shareholder; the sale was executed under a pre‑arranged 10b5‑1 plan, which allows scheduled trades regardless of short‑term company news. Such sales are often routine and do not necessarily indicate a change in long‑term sentiment.