Cannon-Brookes Michael 4

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.