Atlassian Co-Founders Mirror $11.9M January Sell Plan as Career TEAM Sales Hit $2.53B
Scott Farquhar and Mike Cannon-Brookes executed perfectly matched January 2026 sales in TEAM: 7,665 shares on each of the same six trading days, totaling ~$11.9M combined.
Two Atlassian co-founders just delivered one of the cleanest mirror-image insider patterns on record. In January 2026, Scott Farquhar and Mike Cannon-Brookes each sold exactly 7,665 shares of Atlassian (TEAM) on the same six trading days, for roughly $11.9M combined.
The pattern is not random noise. It is a textbook coordinated 10b5-1 cadence: same issuer, same dates, same share count, same remaining share balance after the final January sale.
The mirror pattern: same days, same share count
Both co-founders sold on Jan 14, Jan 20, Jan 22, Jan 23, Jan 27, and Jan 28. Each transaction day shows 7,665 shares per insider, and each ended Jan 28 with exactly 329,595 shares remaining.
| Date | Farquhar Shares | Cannon-Brookes Shares | Avg Price | Combined Value |
|---|---|---|---|---|
| Jan 14, 2026 | 7,665 | 7,665 | ~$133.50 | ~$2.04M |
| Jan 20, 2026 | 7,665 | 7,665 | $118.19 | ~$1.81M |
| Jan 22, 2026 | 7,665 | 7,665 | ~$126.15 | ~$1.93M |
| Jan 23, 2026 | 7,665 | 7,665 | ~$130.80 | ~$2.00M |
| Jan 27, 2026 | 7,665 | 7,665 | ~$133.80 | ~$2.05M |
| Jan 28, 2026 | 7,665 | 7,665 | ~$135.80 | ~$2.08M |
January totals: 45,990 shares and ~$5.97M each; combined 91,980 shares and ~$11.9M.
Scott Farquhar vs Mike Cannon-Brookes: Daily TEAM Shares Sold (Jan 2026)
Career totals are nearly perfectly matched
- Scott Farquhar: 5,387 transactions, $1,266,223,068 in total sells, $0 buys.
- Mike Cannon-Brookes: 5,379 transactions, $1,264,222,176 in total sells, $0 buys.
- Combined career selling: roughly $2.53 billion in TEAM stock.
- Combined Form 4 transaction count: 10,766.
The signal now is not just headline dollar size. It is the ongoing synchronization: both are down to exactly 329,595 shares each, still worth roughly $44.7M apiece at about $135/share.
Why this matters for TEAM holders
Coordinated insider selling does not automatically mean a bearish fundamental call; 10b5-1 plans are often pre-scheduled for diversification and tax planning. But when two co-founders execute a perfect mirror cadence, investors get unusually high visibility into supply timing.
For TEAM shareholders, the practical takeaway is cadence risk versus narrative risk: if this rhythm continues, the market may treat future sales as expected flow rather than surprise events.
What to watch
- Whether the 7,665-share cadence persists in upcoming Form 4 filings.
- Any amendments or new plan disclosures that change timing or lot size.
- Whether remaining balances continue to move in lockstep from the current 329,595 level.
- How TEAM price reacts around recurring insider-sale windows versus broader software sector moves.
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