Cannon-Brookes Michael 4

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.