Cannon-Brookes Michael 4
4 · Atlassian Corp · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Atlassian (TEAM) 10% Owner Michael Cannon-Brookes Sells Shares
What Happened
- Michael Cannon-Brookes, a reported 10% owner of Atlassian (TEAM), sold a total of 7,665 shares on February 4, 2026 in a series of open-market dispositions. Individual reported lots: 650 @ $106.23 ($69,052); 750 @ $107.26 ($80,448); 3,715 @ $105.16 ($390,653); 850 @ $104.43 ($88,763); 200 @ $99.14 ($19,828); 150 @ $103.05 ($15,458); 400 @ $102.06 ($40,825); 700 @ $108.24 ($75,769); and 250 @ $100.34 ($25,084). Aggregate proceeds were about $805,880. These were sales (not purchases), which are often routine disposition activity rather than a bullish signal.
Key Details
- Transaction date: February 4, 2026; Form 4 filed February 5, 2026 (next-day filing).
- Aggregate shares sold: 7,665; aggregate proceeds: ~$805,880.
- Reported share prices are weighted averages; multiple trades executed intraday (several footnotes list intra-day price ranges for respective lots).
- One or more trades were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 20, 2025.
- Some shares are held via CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust (per footnote).
- Shares owned after the transaction are not included in the provided excerpt of the filing.
Context
- As a 10% owner (vs. a named executive officer), Cannon-Brookes is a large shareholder; such sales can reflect portfolio management or pre-set trading plans. The filing shows multiple small-to-medium lots executed across the day, with weighted-average prices reported and intra-day price ranges disclosed in footnotes. No options exercise, gifts, or tax-withholding events are indicated in the provided data.
Insider Transaction Report
Form 4
Atlassian CorpTEAM
Cannon-Brookes Michael
DirectorCEO, Co-Founder10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-02-04$106.23/sh−650$69,052→ 298,285 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F4][F3]2026-02-04$107.26/sh−750$80,448→ 297,535 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F5][F3]2026-02-04$105.16/sh−3,715$390,653→ 293,820 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F6][F3]2026-02-04$104.43/sh−850$88,763→ 292,970 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F7][F3]2026-02-04$99.14/sh−200$19,828→ 292,770 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F8][F3]2026-02-04$103.05/sh−150$15,458→ 292,620 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F9][F3]2026-02-04$102.06/sh−400$40,825→ 292,220 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F10][F3]2026-02-04$108.24/sh−700$75,769→ 291,520 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F11][F3]2026-02-04$100.34/sh−250$25,084→ 291,270 total(indirect: See Footnote)
Footnotes (11)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2025.
- [F10]This transaction was executed in multiple trades during the day at prices ranging from $107.88 to $108.82. 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.
- [F11]This transaction was executed in multiple trades during the day at prices ranging from $99.95 to $100.50. 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.
- [F2]This transaction was executed in multiple trades during the day at prices ranging from $105.78 to $106.56. 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.
- [F3]Shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.
- [F4]This transaction was executed in multiple trades during the day at prices ranging from $106.81 to $107.72. 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.
- [F5]This transaction was executed in multiple trades during the day at prices ranging from $104.77 to $105.71. 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.
- [F6]This transaction was executed in multiple trades during the day at prices ranging from $103.77 to $104.76. 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.
- [F7]This transaction was executed in multiple trades during the day at prices ranging from $98.80 to $99.47. 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.
- [F8]This transaction was executed in multiple trades during the day at prices ranging from $102.66 to $103.55. 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.
- [F9]This transaction was executed in multiple trades during the day at prices ranging from $101.45 to $102.39. 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.
Signature
/s/ Veena Bhatia, Attorney-in-Fact for Cannon-Brookes Michael|2026-02-05