Cannon-Brookes Michael 4

What Happened

• Michael Cannon-Brookes, reported as a 10% owner of Atlassian Corp (TEAM), sold a total of 7,665 shares in multiple open-market transactions on January 22, 2026. The filing reports six aggregated sales: 784, 730, 800, 450, 3,350 and 1,551 shares at weighted-average prices between $123.55 and $128.43, producing total proceeds of approximately $966,640. These were sales (not purchases), which are generally considered portfolio/liquidity actions rather than a bullish signal.

Key Details

• Transaction date: January 22, 2026; Form 4 filed January 23, 2026 (timely).
• Individual aggregated trades (weighted-average prices reported):
  • 784 shares — $127.68 — $100,100
  • 730 shares — $128.43 — $93,751
  • 800 shares — $123.55 — $98,842
  • 450 shares — $124.74 — $56,135
  • 3,350 shares — $125.71 — $421,145
  • 1,551 shares — $126.80 — $196,667
• Total shares sold: 7,665; total proceeds: ~$966,640.
• Ownership after the transactions: not specified in the excerpt provided.
• Notable footnotes from the filing: one or more trades were executed pursuant to a Rule 10b5-1 trading plan adopted Feb 20, 2025; several aggregated sales were executed in multiple trades during the day (filing reports weighted-average prices and offers to provide full execution details on request); shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

Context

• As a 10% owner, Cannon-Brookes is a significant shareholder; such sales can reflect portfolio management or pre-arranged plans rather than a change in conviction about the company. The presence of a 10b5-1 plan noted in the filing indicates at least some trades were pre-scheduled. No options exercises, gifts, or tax-withholding transactions are reported in this filing.