On July 15, 2025, Michael Cannon-Brookes (CEO, Co-Founder) reported promoting 7,665 shares of Atlassian(TEAM 1.99%) for a complete consideration of $1.47 million, as disclosed in a Kind 4 submitting.
Transaction abstract
| Metric | Worth |
|---|---|
| Shares Traded | 7,665 |
| Transaction Worth | $1.47 million |
| Submit-Transaction Shares | 421,575 |
| Submit-Transaction Worth | $80.8 million |
| YTD Efficiency | 6.5% |
Key questions
How does the scale of this sale examine to the insider’s historic buying and selling exercise?
The 7,665-share sale is according to the historic median commerce dimension (~7,948 shares) for Cannon-Brookes, primarily based on his trades from Sept. 18, 2024, to July 15, 2025, reflecting a continuation of established promoting patterns.
What portion of the insider’s complete holdings was bought on this transaction?
This sale, accomplished on July 15, 2025, represented roughly 1.8% of the insider’s post-sale fairness stake.
How does the timing of this sale relate to latest buying and selling exercise?
This transaction occurred simply in the future after the prior reported commerce, in line with the insider’s high-frequency promoting cadence noticed over the previous yr.
What’s the present worth of the insider’s remaining shareholding?
Following the sale, the insider retained roughly $80.8 million in fairness worth in Atlassian as of July 15, 2025.
Firm overview
| Metric | Worth |
|---|---|
| Market Capitalization | $49.4 billion |
| Income (TTM) | $4.36 billion |
| Internet Revenue (TTM) | ($300.5 million) |
| One-12 months Value Change | 6.48% |
Firm snapshot
Atlassian is a number one supplier of collaboration and productiveness software program, using over 12,000 individuals and serving a world buyer base. It gives a diversified suite of software program merchandise.
- Affords a set of software program merchandise together with Jira, Confluence, Trello, Bitbucket, and different collaboration, venture administration, and developer instruments.
- Serves clients worldwide, specializing in technical, enterprise, and repair groups.
Silly take
Cannon-Brookes has an automatic stock-sale plan beneath Securities and Alternate Fee Rule 10b5-1, like many different insiders in public corporations. These gross sales are executed by a agency tied to the Cannon-Brookes Head Belief, which manages wealth for him and his household.
His annual inventory gross sales schedule is often reviewed and arrange in February, with trades taking impact all year long. In different phrases, Cannon-Brookes is just monetizing a few of his Atlassian inventory holdings in a tax-effective method. The gross sales haven’t any bearing on present market circumstances or latest occasions, although they might mirror the financial evaluation that the Atlassian CEO performed in the beginning of 2025.
These 7,665 shares had been a small drop in a big bucket. Atlassian’s most up-to-date proxy assertion exhibits that Cannon-Brookes managed virtually 50 million shares as of Sept. 30, 2024. He holds 50% of Atlassian’s Class B shares, which, with their particular 10-votes-per-share function, give him about 43% of the entire voting energy in shareholder conferences. (These shares get transformed to regular, one-vote-per-share Class A inventory when he sells them.) The smaller share depend seen within the knowledge tables above solely issues the precise household belief that Cannon-Brookes makes use of to transform a few of his inventory holdings into spendable money.
That being mentioned, Atlassian’s inventory has taken a 21% haircut yr to this point. It nonetheless trades on the lofty valuations of 35 instances free money movement and 10 instances gross sales, which is corresponding to shares within the “Magnificent Seven.” This is smart, since Atlassian additionally retains up with the trillion-dollar Joneses when it comes to its annual gross sales progress and revenue will increase.
The final quarter did not seem like the very best time to promote Atlassian inventory on the open market. Regardless of its wealthy valuation, it stays a high-octane progress inventory which may be an amazing purchase on this risk-averse market dip.
Glossary
Kind 4: A required SEC submitting disclosing insider trades of an organization’s securities.
Insider: A person with entry to private firm info, usually an government, director, or main shareholder.
Insider buying and selling: Shopping for or promoting an organization’s securities by somebody with entry to materials, private info.
Fairness stake: The possession curiosity a person or entity holds in an organization, normally expressed as shares.
Submit-Transaction Holdings: The variety of shares or worth an insider owns after finishing a commerce.
Transaction Worth: The whole greenback quantity acquired or paid in a particular securities commerce.
Excessive-frequency promoting: The observe of constructing frequent, common gross sales of securities over a brief interval.
Median commerce dimension: The center worth in a sequence of commerce sizes, indicating typical transaction quantity.
YTD Efficiency: 12 months-to-date efficiency; measures a safety’s return from the beginning of the yr to the current.
TTM: The 12-month interval ending with the latest quarterly report.
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