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 of Atlassian, ticker: TEAM) sold a total of 7,665 shares in open-market transactions on February 6, 2026, for aggregate proceeds of approximately $726,717. Individual lots ranged from 50 to 2,500 shares at reported per-share prices between about $92.58 and $101.75; the weighted-average price across the reported lots is roughly $94.82 per share.
- These were sales (not purchases), which are often routine dispositions of shares and do not by themselves indicate a change in company outlook.
Key Details
- Transaction date: February 6, 2026.
- Shares sold: 7,665 shares for total proceeds ~$726,717; weighted-average price ≈ $94.82/share.
- Price ranges: filing footnotes report intraday execution price ranges across lots from roughly $92.58 up to $101.75; several lots were executed in multiple trades with weighted-average prices reported.
- Notable footnotes: one lot was effected pursuant to a Rule 10b5-1 trading plan adopted Feb 20, 2025; some shares are held via CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust. The filer offered to provide full intraday trade breakdowns to the SEC or issuer upon request.
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Filing timeliness: the report covers transactions on Feb 6, 2026 and was filed with that report date (no late-filing flag in the provided data).
Context
- As a 10% owner, Cannon-Brookes is a significant shareholder — disclosures by 10% owners are treated differently than typical officer/director trades and may reflect portfolio management or pre-set plans rather than a view on the company.
- The mention of a Rule 10b5-1 plan indicates at least some sales were pre-scheduled, which is a common mechanism for insiders to sell shares while reducing concerns about trading on material nonpublic information.
Insider Transaction Report
Form 4
Atlassian CorpTEAM
Cannon-Brookes Michael
DirectorCEO, Co-Founder10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F3]2026-02-06$101.75/sh−100$10,175→ 283,505 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F4][F3]2026-02-06$96.95/sh−300$29,087→ 283,205 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F5][F3]2026-02-06$93.10/sh−1,850$172,233→ 281,355 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F3]2026-02-06$98.13/sh−50$4,907→ 281,305 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F6][F3]2026-02-06$94.10/sh−2,500$235,238→ 278,805 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F7][F3]2026-02-06$99.64/sh−200$19,927→ 278,605 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F8][F3]2026-02-06$95.08/sh−2,065$196,341→ 276,540 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F9][F3]2026-02-06$96.02/sh−350$33,607→ 276,190 total(indirect: See Footnote) - Sale
Class A Common Stock
[F1][F10][F3]2026-02-06$100.81/sh−250$25,202→ 275,940 total(indirect: See Footnote)
Footnotes (10)
- [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 $100.42 to $101.08. 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 $101.74 to $101.75. 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 $96.63 to $97.59. 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 $92.58 to $93.55. 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.
- [F6]This transaction was executed in multiple trades during the day at prices ranging from $93.58 to $94.52. 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 $99.26 to $99.82. 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.
- [F8]This transaction was executed in multiple trades during the day at prices ranging from $94.62 to $95.58. 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 $95.62 to $96.51. 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