---
schema_version: "secwatch.filing_event.v1"
accession: "0001650372-23-000030"
form_type: "8-K"
ticker: "TEAM"
cik: "0001650372"
company_name: "Atlassian Corp"
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:06:23.126573+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Atlassian co-CEOs Farquhar and Cannon-Brookes adopt new 10b5-1 plans to sell up to 2.08M shares each

## Summary
- Co-founders and co-CEOs each adopted new 10b5-1 trading plans in February 2023.
- Each plans to sell up to ~2.08M Class B shares (converting to Class A) starting after June 2023 expiration of current plans.
- They currently hold ~105.12M Class B shares, representing 40.92% of total stock and 87.35% voting power.
- After planned sales, combined ownership would drop to 39.27% of stock and 86.61% voting power (101.25M Class B shares).
- Plans are for asset diversification and liquidity; sales spread over one year to reduce market impact.

## SEC filing metadata
- accession: 0001650372-23-000030
- form_type: 8-K
- ticker: TEAM
- cik: 0001650372
- company_name: Atlassian Corp
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650372/000165037223000030/0001650372-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650372/000165037223000030/team-20230526.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650372-23-000030
- JSON: https://secwatch.observer/filing/0001650372-23-000030.json
- Plain text: https://secwatch.observer/filing/0001650372-23-000030.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.