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TEAM - Atlassian Corp

Insider Sale by Cannon-Brookes Michael (CEO, Co-Founder, 10%)

Stock Price (After Trade)
Stock Price (Before Trade)

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Trade Summary

2 days ago, Cannon-Brookes Michael, serving as CEO, Co-Founder, 10% owner at Atlassian Corp (TEAM), sold 7,665 shares at $163.51 per share, for a total transaction value of $1,253,264.00. Following this transaction, Cannon-Brookes Michael now holds 7,665 shares of TEAM.

This sale represents a 50.00% decrease in Cannon-Brookes Michael's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Tuesday, December 30, 2025 and publicly disclosed via SEC Form 4 filing on Wednesday, December 31, 2025, 1 day after the trade was made.

Atlassian Corp operates in the TECHNOLOGY sector, specifically within the SOFTWARE - APPLICATION industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.

Cannon-Brookes Michael

Cannon-Brookes Michael

CEO, Co-Founder, 10%

Mike Cannon-Brookes Mike Cannon-Brookes, born on November 17, 1979, is an Australian entrepreneur and the co-founder and CEO of Atlassian Corporation, a leading provider of collaboration software. He founded the company in 2002 with university friend Scott Farquhar shortly after graduating from the University of New South Wales. Motivated by a desire to avoid traditional corporate jobs and earn more than a standard graduate salary, they bootstrapped Atlassian using $10,000 in credit card debt. Their first product, Jira—an issue- and project-tracking tool—quickly gained traction among developers frustrated with email-based workflows, generating significant revenue from day one without venture capital. Atlassian's growth accelerated with the launch of Confluence, a team wiki platform that integrated seamlessly with Jira, creating dual revenue streams and profitability within three years. The company pioneered a self-serve, downloadable software model, expanded globally with offices in San Francisco, and went public on Nasdaq in 2015, achieving a $4.37 billion market cap and making Cannon-Brookes and Farquhar Australia's first tech billionaires. First external funding came in 2010 from Accel, followed by redomiciling to the UK in 2014 and the US in 2022. In September 2024, Cannon-Brookes became sole CEO after Farquhar stepped down. As a major shareholder owning approximately 20% (including super-voting shares) and a corporate insider, he has recently traded Atlassian (TEAM) stock. Beyond Atlassian, he invests in renewable energy projects like the Australia-Asia Power Link and advocates for sustainability and innovation.

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Trade Price

$163.51

Quantity

7,665

Total Value

$1,253,264.00

Shares Owned

7,665

Trade Date

Tuesday, December 30, 2025

2 days ago

SEC Filing Date

Wednesday, December 31, 2025

Filed 1 day after trade

TECHNOLOGYSOFTWARE - APPLICATION

About Atlassian Corp

Company Overview

No company information available
View news mentioning TEAM

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