SEC Filing Analysis: Atlassian Corp (TEAM)

Executive Summary

• Trading Significance: Low
• Key Takeaway: Co-Founder and CEO Michael Cannon-Brookes conducted a routine, pre-planned sale of Class A Common Stock totaling approximately $1.13 million.
• Market Impact: Neutral. The sale is immaterial relative to the company's market capitalization and was executed under a Rule 10b5-1 plan, indicating it was not based on immediate, non-public information.

Company Information

Field	Value
Company	Atlassian Corp
Ticker Symbol	TEAM
CIK	0001650372
Industry	SERVICES-PREPACKAGED SOFTWARE

Insider Information

Field	Value
Name	Cannon-Brookes Michael
CIK	0001666120
Title/Position	CEO, Co-Founder
Relationship	Director, Officer, 10% Owner

Transaction Details

Field	Value
Form Type	4
Transaction Date	2025-11-19
Transaction Code	S (Sale)
Security Type	Class A Common Stock
Shares Involved	7,665
Price Per Share	$147.63 (Weighted Average)
Total Value	$1,131,552.13
Shares Owned After	214,620
Ownership Type	Indirect

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$1,131,552.13
% of Market Cap	0.0028%
Shares Transacted	7,665
% of Shares Outstanding	Not Calculable (Data Unavailable)
Post-Transaction Ownership	214,620 shares
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: The $1.13 million sale is negligible for a company with a market capitalization of approximately $39.94 billion. The transaction's value is far below the 0.1% threshold for even moderate significance.
• Transaction Significance: The sale is considered routine and carries low informational value. It represents a very small fraction of the insider's total holdings and an even smaller fraction of the company's total market value.

Additional Context

Transaction Notes

• Special Circumstances: The filing explicitly states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on February 20, 2025. This indicates a pre-scheduled liquidation for purposes such as financial planning or diversification, rather than a reaction to current events.