Atlassian Co-Founders Have Now Sold $2.53 Billion in TEAM Stock — $7M More in Latest Round

Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar have sold another $7.05 million in TEAM stock, pushing their combined career insider sales past $2.53 billion. Yes, billion — with a B.

Each co-founder has now sold approximately $1.27 billion in Atlassian stock, making them two of the most prolific insider sellers in global tech history.

The Numbers

Co-Founder	Title	Recent Transactions	Recent Value	Career Sales	Shares After
Scott Farquhar	Co-Founder	20	$3.31M	$1,266.2M	329,595
Mike Cannon-Brookes	CEO, Co-Founder	20	$3.74M	$1,264.2M	329,595
Total			$7.05M	$2,530.4M

$2.53 Billion: The Scale of It

Let the numbers sink in:

• $2.53 billion sold between two people
• $1.27 billion each — perfectly symmetrical, reflecting their equal founding stakes
• 329,595 shares each retained — identical remaining positions (~$95M each at current prices)
• Selling ratio: ~13:1 — they've sold roughly 13x the value of their current positions

Atlassian, which makes Jira, Confluence, Trello, and other productivity tools used by most software teams worldwide, has a market cap of approximately $83 billion. The co-founders have collectively monetized about 3% of the company's current value through insider sales alone.

The Symmetry

Like Oklo's co-founders and Samsara's co-founders, Cannon-Brookes and Farquhar maintain perfect parity:

• Both sold 20 transactions in this round
• Both retain exactly 329,595 shares
• Career totals within $2M of each other: $1,266.2M vs $1,264.2M

This is clearly a jointly structured selling program maintained over years — the co-founders ensure neither dilutes more than the other.

A $7M Round in a $2.53B Journey

The latest $7.05M round is unremarkable on its own — a rounding error against their $2.53B cumulative total. But it demonstrates the machine-like consistency of their selling. Every quarter, more TEAM stock converts to cash. The rate varies, but the direction never does: always selling, never buying.

From Sydney to $2.5 Billion

Cannon-Brookes and Farquhar founded Atlassian in Sydney in 2002 with $10,000 on a credit card. The company bootstrapped to profitability before eventually listing on NASDAQ in 2015. Since then, the co-founders have turned their founding equity into $2.53 billion in realized cash — one of the most successful founder monetization stories in Australian corporate history.

For TEAM investors, the co-founders' selling is baked into the stock's long-term narrative. It hasn't prevented Atlassian from growing into an $83 billion company. But at $1.27 billion each in career sales and only $95 million retained, the founders' economic interest is a fraction of what they've already taken off the table. The story of Atlassian increasingly belongs to its customers and shareholders — not its founders' personal balance sheets.