Cannon-Brookes Michael 4

What Happened

• Michael Cannon-Brookes, a 10% owner of Atlassian (TEAM), sold a total of 7,665 shares in open-market transactions on January 23, 2026, for aggregate proceeds of approximately $1,002,961. The sales were reported in four blocks: 1,100 shares at $129.47 ($142,421); 3,604 shares at $130.71 ($471,075); 2,861 shares at $131.51 ($376,255); and 100 shares at $132.10 ($13,210). These were disposals (S = Sale), not purchases.

Key Details

• Transaction date: January 23, 2026 (filed January 26, 2026) — filing appears timely under standard reporting windows.
• Total shares sold: 7,665; total proceeds: ~$1,002,961.
• Per-block details: 1,100 @ $129.47; 3,604 @ $130.71; 2,861 @ $131.51; 100 @ $132.10.
• Footnotes of note:
  • F1: Sales effected pursuant to a Rule 10b5-1 trading plan adopted Feb 20, 2025 (pre‑scheduled plan).
  • F2–F6: Each reported block was executed in multiple trades during the day; the filing shows weighted‑average prices and provides price ranges on request.
  • F3: Shares are held by CBC Co Pty Limited as trustee for the Cannon‑Brookes Head Trust.
• Shares owned after transaction: not specified in the information provided in this summary.
• Transaction code: S (Sale).

Context

• As a 10% owner, Cannon-Brookes is a significant shareholder; sales under an established 10b5-1 plan are typically prearranged and may be routine rather than a real-time signal of sentiment. For retail investors, purchases tend to be more informative than routine, pre-planned sales.