Cannon-Brookes Michael 4
4 · Atlassian Corp · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Atlassian (TEAM) 10% Owner Michael Cannon-Brookes Sells Shares
What Happened
Michael Cannon-Brookes (reported as a 10% owner) sold a total of 7,665 Atlassian (TEAM) shares in multiple open‑market trades on February 5, 2026. The individual lots reported: 1,750 @ $103.28 ($180,748); 850 @ $102.38 ($87,026); 950 @ $105.27 ($100,003); 1,400 @ $104.53 ($146,348); 1,415 @ $98.37 ($139,197); 50 @ $106.04 ($5,302); 350 @ $101.31 ($35,459); and 900 @ $99.87 ($89,887). Aggregate proceeds were about $783,970. These transactions are coded "S" (sales).
Key Details
- Transaction date: February 5, 2026; Form 4 filed February 6, 2026 (timely filing).
- Prices: multiple intraday executions; filing notes weighted‑average prices for each lot and intraday ranges (see footnotes in the filing).
- Total shares sold: 7,665; total proceeds ≈ $783,970.
- Footnotes: trade activity was effected under a Rule 10b5‑1 trading plan adopted Feb 20, 2025 (F1); some shares are held by CBC Co Pty Ltd as trustee for the Cannon‑Brookes Head Trust (F3); several lots were executed in multiple trades with stated price ranges (F2, F4–F9).
- Shares owned after the transaction: not specified in the details you provided — check the full Form 4 for post‑transaction holdings.
Context
- These were open‑market sales (S) under a pre-established 10b5‑1 plan, which are often routine and intended to avoid timing decisions; such sales are generally less informative about near‑term company prospects than purchases.
- As a reported 10% owner, Cannon‑Brookes is a large shareholder rather than a typical executive trade; that distinction can matter when interpreting insider moves.
Insider Transaction Report
Form 4
Atlassian CorpTEAM
Cannon-Brookes Michael
DirectorCEO, Co-Founder10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-02-05$103.28/sh−1,750$180,748→ 289,520 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F4][F3]2026-02-05$102.38/sh−850$87,026→ 288,670 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F5][F3]2026-02-05$105.27/sh−950$100,003→ 287,720 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F6][F3]2026-02-05$104.53/sh−1,400$146,348→ 286,320 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F7][F3]2026-02-05$98.37/sh−1,415$139,197→ 284,905 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F3]2026-02-05$106.04/sh−50$5,302→ 284,855 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F8][F3]2026-02-05$101.31/sh−350$35,459→ 284,505 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F9][F3]2026-02-05$99.87/sh−900$89,887→ 283,605 total(indirect: See Footnote)
Footnotes (9)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2025.
- [F2]This transaction was executed in multiple trades during the day at prices ranging from $102.91 to $103.70. 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 $101.81 to $102.79. 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 $104.94 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 $103.94 to $104.91. 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 $97.94 to $98.93. 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 $100.74 to $101.60. 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 $99.45 to $100.41. 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|2026-02-06