Cannon-Brookes Michael 4

What Happened
Michael Cannon-Brookes, a 10% owner of Atlassian Corporation Plc (TEAM), sold a total of 7,665 shares in open-market transactions on January 21, 2026, generating approximately $930,575 in proceeds. The sales were executed in multiple trades at prices reported per-lot as: 50 shares @ $122.99 ($6,150); 3,894 @ $121.52 ($473,209); 2,021 @ $122.27 ($247,117); 250 @ $119.18 ($29,795); 1,300 @ $120.48 ($156,625); and 150 @ $117.86 ($17,679). These transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Cannon-Brookes on February 20, 2025, indicating pre-scheduled sales rather than ad-hoc insider decisions.

Key Details

• Transaction date: January 21, 2026; Form 4 filed January 22, 2026 (timely filing).
• Total sold: 7,665 shares for total proceeds of about $930,575; weighted-average price ≈ $121.41.
• Per-lot price ranges reported: trades executed in multiple fills with intraday ranges (see footnotes F3–F7); weighted-average prices reported above.
• Shares held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust (footnote F2).
• Sale effected under a 10b5-1 plan adopted Feb 20, 2025 (footnote F1).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.

Context

• These are open-market sales by a 10% owner and were made under a 10b5-1 plan, which typically indicates scheduled transactions rather than real-time trading on material nonpublic information. Sales by large shareholders can be routine (liquidity, tax planning, diversification) and do not necessarily signal a change in view on the company.
• If you need the exact per-trade fills and prices (the filer offered to provide them on request per the footnotes), the reporting person has undertaken to supply that detail to the SEC staff, issuer, or a security holder upon request.