[8-K] Citigroup Inc. Reports Material Event
Atlassian (TEAM) Form 4: CEO, co-founder and 10% owner Michael Cannon-Brookes sold a total of 7,765 Class A shares on 22 Jul 2025 under a pre-arranged Rule 10b5-1 plan adopted 20 Feb 2025.
The stock was disposed of in seven separate trades at weighted-average prices between $195.965 and $202.35, generating roughly $1.55 million in gross proceeds. Following the sales, the insider鈥攖hrough CBC Co Pty Ltd as trustee of the Cannon-Brookes Head Trust鈥攃ontinues to hold 375,585 Class A shares, maintaining more than 98% of his prior indirect position and his 10% beneficial-owner status.
No derivative activity or purchases were reported. Given the modest 2% reduction in holdings and the existence of a 10b5-1 plan, the transactions appear routine and are unlikely to materially alter insider alignment, though any CEO liquidation can create short-term sentiment pressure.
Atlassian (TEAM) Modulo 4: Il CEO, co-fondatore e proprietario del 10% Michael Cannon-Brookes ha venduto un totale di 7.765 azioni di Classe A il 22 luglio 2025, nell'ambito di un piano predefinito Rule 10b5-1 adottato il 20 febbraio 2025.
Le azioni sono state cedute in sette operazioni separate a prezzi medi ponderati compresi tra 195,965 e 202,35 dollari, generando circa 1,55 milioni di dollari di proventi lordi. Dopo le vendite, l'insider 鈥� tramite CBC Co Pty Ltd come trustee del Cannon-Brookes Head Trust 鈥� detiene ancora 375.585 azioni di Classe A, mantenendo oltre il 98% della sua precedente posizione indiretta e il suo status di proprietario beneficiario del 10%.
Non sono state segnalate attivit脿 su derivati o acquisti. Considerando la riduzione modesta del 2% delle partecipazioni e l鈥檈sistenza di un piano 10b5-1, le transazioni sembrano di routine e difficilmente modificheranno in modo significativo l鈥檃llineamento degli insider, anche se qualsiasi liquidazione da parte del CEO pu貌 generare pressioni sul sentiment nel breve termine.
Atlassian (TEAM) Formulario 4: El CEO, cofundador y propietario del 10%, Michael Cannon-Brookes, vendi贸 un total de 7.765 acciones Clase A el 22 de julio de 2025, bajo un plan preestablecido Rule 10b5-1 adoptado el 20 de febrero de 2025.
Las acciones se dispusieron en siete operaciones separadas a precios promedio ponderados entre $195.965 y $202.35, generando aproximadamente $1.55 millones en ingresos brutos. Tras las ventas, el insider 鈥攁 trav茅s de CBC Co Pty Ltd como fiduciario del Cannon-Brookes Head Trust鈥� contin煤a poseyendo 375.585 acciones Clase A, manteniendo m谩s del 98% de su posici贸n indirecta anterior y su estatus como propietario beneficiario del 10%.
No se reportaron actividades con derivados ni compras. Dada la reducci贸n modesta del 2% en las participaciones y la existencia de un plan 10b5-1, las transacciones parecen rutinarias y es poco probable que alteren materialmente la alineaci贸n de los insiders, aunque cualquier liquidaci贸n por parte del CEO puede generar presi贸n en el sentimiento a corto plazo.
Atlassian (TEAM) Form 4: CEO鞚挫瀽 瓿惦彊 彀诫鞛愳澊氅� 10% 歆�攵� 氤挫湢鞛愳澑 Michael Cannon-Brookes臧� 2025雲� 7鞗� 22鞚� 靷爠鞐� 靹れ爼霅� Rule 10b5-1 瓿勴殟鞐� 霐半澕 齑� 7,765欤� 韥措灅鞀� A 欤检嫕鞚� 毵り皝頄堨姷雼堧嫟. 鞚� 瓿勴殟鞚� 2025雲� 2鞗� 20鞚� 毂勴儩霅橃棃鞀惦媹雼�.
欤检嫕鞚� 7瓯挫潣 氤勲弰 瓯半灅搿� 觳橂秳霅橃棃鞙茧┌, 臧�欷� 韽夑窢 臧�瓴╈潃 $195.965鞐愳劀 $202.35 靷澊鞓�瓿�, 齑� 鞎� $1.55氚彪鞚� 毵れ稖鞚� 彀届稖頄堨姷雼堧嫟. 毵り皝 頉�, 雮措秬鞛愲姅 CBC Co Pty Ltd毳� 韱淀暣 Cannon-Brookes Head Trust鞚� 靾橅儊鞛愲靹� 375,585欤� 韥措灅鞀� A 欤检嫕鞚� 瓿勳啀 氤挫湢頃橂┌ 鞚挫爠 臧勳爲 歆�攵勳潣 98% 鞚挫儊瓿� 10%鞚� 鞁れ 靻岇湢鞛� 歆�鞙勲ゼ 鞙犾頃橁碃 鞛堨姷雼堧嫟.
韺岇儩靸來拡 頇滊彊鞚措倶 毵れ瀰鞚� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�. 氤挫湢 歆�攵勳澊 2% 鞝曤弰毵� 靻岉彮 臧愳唽頄堦碃 10b5-1 瓿勴殟鞚� 臁挫灛頃橂姅 鞝愳潉 瓿犽牑頃� 霑�, 鞚措矆 瓯半灅電� 鞚检儊鞝侅澑 瓴冹溂搿� 氤挫澊氅� 雮措秬鞛� 鞝曤牞鞐� 鞁れ鞝侅澑 氤�頇旊ゼ 臧�鞝胳槵 臧�電レ劚鞚� 雮毵�, CEO鞚� 毵る弰電� 雼赴鞝侅溂搿� 鞁滌灔 鞁Μ鞐� 鞎曤牓鞚� 欷� 靾� 鞛堨姷雼堧嫟.
Atlassian (TEAM) Formulaire 4 : Le PDG, cofondateur et d茅tenteur de 10 % Michael Cannon-Brookes a vendu un total de 7 765 actions de Classe A le 22 juillet 2025 dans le cadre d'un plan pr茅茅tabli Rule 10b5-1 adopt茅 le 20 f茅vrier 2025.
Les actions ont 茅t茅 c茅d茅es en sept transactions distinctes 脿 des prix moyens pond茅r茅s compris entre 195,965 $ et 202,35 $, g茅n茅rant environ 1,55 million de dollars de produit brut. Apr猫s ces ventes, l鈥檌niti茅 鈥� via CBC Co Pty Ltd en tant que fiduciaire du Cannon-Brookes Head Trust 鈥� d茅tient toujours 375 585 actions de Classe A, conservant plus de 98 % de sa position indirecte ant茅rieure et son statut de b茅n茅ficiaire 脿 10 %.
Aucune activit茅 sur d茅riv茅s ni achat n鈥檃 茅t茅 signal茅. Compte tenu de la r茅duction modeste de 2 % des participations et de l鈥檈xistence d鈥檜n plan 10b5-1, les transactions semblent routini猫res et devraient peu modifier l鈥檃lignement des initi茅s, bien que toute liquidation du PDG puisse exercer une pression sur le sentiment 脿 court terme.
Atlassian (TEAM) Formular 4: CEO, Mitgr眉nder und 10% Eigent眉mer Michael Cannon-Brookes verkaufte am 22. Juli 2025 insgesamt 7.765 Class A Aktien im Rahmen eines vorab vereinbarten Rule 10b5-1 Plans, der am 20. Februar 2025 angenommen wurde.
Die Aktien wurden in sieben getrennten Transaktionen zu gewichteten Durchschnittspreisen zwischen 195,965 und 202,35 USD ver盲u脽ert, was Bruttoerl枚se von etwa 1,55 Millionen USD generierte. Nach den Verk盲ufen h盲lt der Insider 鈥� 眉ber CBC Co Pty Ltd als Treuh盲nder des Cannon-Brookes Head Trust 鈥� weiterhin 375.585 Class A Aktien und beh盲lt damit mehr als 98% seiner vorherigen indirekten Position sowie seinen Status als 10% wirtschaftlicher Eigent眉mer.
Es wurden keine Derivataktivit盲ten oder K盲ufe gemeldet. Angesichts der moderaten Reduktion der Beteiligung um 2% und der Existenz eines 10b5-1 Plans erscheinen die Transaktionen routinem盲脽ig und werden die Insider-Ausrichtung voraussichtlich nicht wesentlich ver盲ndern, auch wenn jede CEO-Ver盲u脽erung kurzfristigen Stimmungsdruck erzeugen kann.
- Sale executed under a Rule 10b5-1 plan, reducing concerns about opportunistic timing.
- Insider retains 375,585 shares, maintaining substantial equity alignment with shareholders.
- CEO liquidated 7,765 shares worth 鈮�$1.55 m, which could cause minor negative sentiment.
- No offsetting insider purchases were disclosed in the period.
Insights
TL;DR: Small, pre-planned CEO sale; negligible impact on ownership or thesis.
The 7,765-share sale represents ~2% of Cannon-Brookes鈥� stake and less than 0.3% of daily TEAM volume, limiting market impact. Proceeds of ~$1.55 m are immaterial relative to his remaining ~$75 m holding. Executed under a February-adopted 10b5-1 plan, the transaction reduces signaling risk. From a valuation standpoint, the filing does not change cash flow, guidance, or strategic outlook; therefore I view the development as neutral.
TL;DR: Governance-compliant sale; insider still strongly aligned.
The filing demonstrates adherence to SEC Rule 10b5-1 best practices, with full price ranges disclosed and trustee ownership clarified. Retention of 375,585 shares preserves significant skin-in-the-game, supporting shareholder alignment. While any director sale draws attention, the minimal size and structured plan suggest routine liquidity rather than adverse insider insight. I classify the event as governance-neutral.
Atlassian (TEAM) Modulo 4: Il CEO, co-fondatore e proprietario del 10% Michael Cannon-Brookes ha venduto un totale di 7.765 azioni di Classe A il 22 luglio 2025, nell'ambito di un piano predefinito Rule 10b5-1 adottato il 20 febbraio 2025.
Le azioni sono state cedute in sette operazioni separate a prezzi medi ponderati compresi tra 195,965 e 202,35 dollari, generando circa 1,55 milioni di dollari di proventi lordi. Dopo le vendite, l'insider 鈥� tramite CBC Co Pty Ltd come trustee del Cannon-Brookes Head Trust 鈥� detiene ancora 375.585 azioni di Classe A, mantenendo oltre il 98% della sua precedente posizione indiretta e il suo status di proprietario beneficiario del 10%.
Non sono state segnalate attivit脿 su derivati o acquisti. Considerando la riduzione modesta del 2% delle partecipazioni e l鈥檈sistenza di un piano 10b5-1, le transazioni sembrano di routine e difficilmente modificheranno in modo significativo l鈥檃llineamento degli insider, anche se qualsiasi liquidazione da parte del CEO pu貌 generare pressioni sul sentiment nel breve termine.
Atlassian (TEAM) Formulario 4: El CEO, cofundador y propietario del 10%, Michael Cannon-Brookes, vendi贸 un total de 7.765 acciones Clase A el 22 de julio de 2025, bajo un plan preestablecido Rule 10b5-1 adoptado el 20 de febrero de 2025.
Las acciones se dispusieron en siete operaciones separadas a precios promedio ponderados entre $195.965 y $202.35, generando aproximadamente $1.55 millones en ingresos brutos. Tras las ventas, el insider 鈥攁 trav茅s de CBC Co Pty Ltd como fiduciario del Cannon-Brookes Head Trust鈥� contin煤a poseyendo 375.585 acciones Clase A, manteniendo m谩s del 98% de su posici贸n indirecta anterior y su estatus como propietario beneficiario del 10%.
No se reportaron actividades con derivados ni compras. Dada la reducci贸n modesta del 2% en las participaciones y la existencia de un plan 10b5-1, las transacciones parecen rutinarias y es poco probable que alteren materialmente la alineaci贸n de los insiders, aunque cualquier liquidaci贸n por parte del CEO puede generar presi贸n en el sentimiento a corto plazo.
Atlassian (TEAM) Form 4: CEO鞚挫瀽 瓿惦彊 彀诫鞛愳澊氅� 10% 歆�攵� 氤挫湢鞛愳澑 Michael Cannon-Brookes臧� 2025雲� 7鞗� 22鞚� 靷爠鞐� 靹れ爼霅� Rule 10b5-1 瓿勴殟鞐� 霐半澕 齑� 7,765欤� 韥措灅鞀� A 欤检嫕鞚� 毵り皝頄堨姷雼堧嫟. 鞚� 瓿勴殟鞚� 2025雲� 2鞗� 20鞚� 毂勴儩霅橃棃鞀惦媹雼�.
欤检嫕鞚� 7瓯挫潣 氤勲弰 瓯半灅搿� 觳橂秳霅橃棃鞙茧┌, 臧�欷� 韽夑窢 臧�瓴╈潃 $195.965鞐愳劀 $202.35 靷澊鞓�瓿�, 齑� 鞎� $1.55氚彪鞚� 毵れ稖鞚� 彀届稖頄堨姷雼堧嫟. 毵り皝 頉�, 雮措秬鞛愲姅 CBC Co Pty Ltd毳� 韱淀暣 Cannon-Brookes Head Trust鞚� 靾橅儊鞛愲靹� 375,585欤� 韥措灅鞀� A 欤检嫕鞚� 瓿勳啀 氤挫湢頃橂┌ 鞚挫爠 臧勳爲 歆�攵勳潣 98% 鞚挫儊瓿� 10%鞚� 鞁れ 靻岇湢鞛� 歆�鞙勲ゼ 鞙犾頃橁碃 鞛堨姷雼堧嫟.
韺岇儩靸來拡 頇滊彊鞚措倶 毵れ瀰鞚� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�. 氤挫湢 歆�攵勳澊 2% 鞝曤弰毵� 靻岉彮 臧愳唽頄堦碃 10b5-1 瓿勴殟鞚� 臁挫灛頃橂姅 鞝愳潉 瓿犽牑頃� 霑�, 鞚措矆 瓯半灅電� 鞚检儊鞝侅澑 瓴冹溂搿� 氤挫澊氅� 雮措秬鞛� 鞝曤牞鞐� 鞁れ鞝侅澑 氤�頇旊ゼ 臧�鞝胳槵 臧�電レ劚鞚� 雮毵�, CEO鞚� 毵る弰電� 雼赴鞝侅溂搿� 鞁滌灔 鞁Μ鞐� 鞎曤牓鞚� 欷� 靾� 鞛堨姷雼堧嫟.
Atlassian (TEAM) Formulaire 4 : Le PDG, cofondateur et d茅tenteur de 10 % Michael Cannon-Brookes a vendu un total de 7 765 actions de Classe A le 22 juillet 2025 dans le cadre d'un plan pr茅茅tabli Rule 10b5-1 adopt茅 le 20 f茅vrier 2025.
Les actions ont 茅t茅 c茅d茅es en sept transactions distinctes 脿 des prix moyens pond茅r茅s compris entre 195,965 $ et 202,35 $, g茅n茅rant environ 1,55 million de dollars de produit brut. Apr猫s ces ventes, l鈥檌niti茅 鈥� via CBC Co Pty Ltd en tant que fiduciaire du Cannon-Brookes Head Trust 鈥� d茅tient toujours 375 585 actions de Classe A, conservant plus de 98 % de sa position indirecte ant茅rieure et son statut de b茅n茅ficiaire 脿 10 %.
Aucune activit茅 sur d茅riv茅s ni achat n鈥檃 茅t茅 signal茅. Compte tenu de la r茅duction modeste de 2 % des participations et de l鈥檈xistence d鈥檜n plan 10b5-1, les transactions semblent routini猫res et devraient peu modifier l鈥檃lignement des initi茅s, bien que toute liquidation du PDG puisse exercer une pression sur le sentiment 脿 court terme.
Atlassian (TEAM) Formular 4: CEO, Mitgr眉nder und 10% Eigent眉mer Michael Cannon-Brookes verkaufte am 22. Juli 2025 insgesamt 7.765 Class A Aktien im Rahmen eines vorab vereinbarten Rule 10b5-1 Plans, der am 20. Februar 2025 angenommen wurde.
Die Aktien wurden in sieben getrennten Transaktionen zu gewichteten Durchschnittspreisen zwischen 195,965 und 202,35 USD ver盲u脽ert, was Bruttoerl枚se von etwa 1,55 Millionen USD generierte. Nach den Verk盲ufen h盲lt der Insider 鈥� 眉ber CBC Co Pty Ltd als Treuh盲nder des Cannon-Brookes Head Trust 鈥� weiterhin 375.585 Class A Aktien und beh盲lt damit mehr als 98% seiner vorherigen indirekten Position sowie seinen Status als 10% wirtschaftlicher Eigent眉mer.
Es wurden keine Derivataktivit盲ten oder K盲ufe gemeldet. Angesichts der moderaten Reduktion der Beteiligung um 2% und der Existenz eines 10b5-1 Plans erscheinen die Transaktionen routinem盲脽ig und werden die Insider-Ausrichtung voraussichtlich nicht wesentlich ver盲ndern, auch wenn jede CEO-Ver盲u脽erung kurzfristigen Stimmungsdruck erzeugen kann.
FAQ
How many Atlassian (TEAM) shares did CEO Michael Cannon-Brookes sell?
What was the average sale price reported in the Form 4?
How many TEAM shares does the insider still own after the transactions?
Was the insider sale executed under a 10b5-1 trading plan?
Did the filing report any derivative security transactions?
What percentage of the insider鈥檚 holdings were sold?
