Cannon-Brookes Michael 4

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.