---
title: Atlassian Co-Founders Sell $4M in TEAM Stock in Coordinated Week-Long Dump
type: news
slug: atlassian-cofounders-team-sell-off-jan-2026
canonical_url: https://13finsight.com/news/atlassian-cofounders-team-sell-off-jan-2026
published_at: 2026-02-28T17:26:12.373Z
updated_at: 2026-03-23T07:05:52.667Z
author: Alex Rivera
author_title: Breaking News Editor
author_url: https://13finsight.com/authors/alex-rivera
word_count: 457
locale: en
source: 13F Insight
---

# Atlassian Co-Founders Sell $4M in TEAM Stock in Coordinated Week-Long Dump

> Both Scott Farquhar and Mike Cannon-Brookes sold thousands of Atlassian shares across Jan 23-28 in near-identical transaction patterns, totaling approximately $4M in combined dispositions.

Both Atlassian Co-Founders Dumped Nearly 30,000 Shares in a Single Week Scott Farquhar and Mike Cannon-Brookes, the co-founders of Atlassian (TEAM), sold a combined ~29,400 shares worth approximately $3.95 million between January 23 and January 28, 2026, according to Form 4 filings with the SEC. The transactions were executed in near-identical lot sizes on the same dates — a pattern consistent with pre-arranged 10b5-1 trading plans. Transaction Breakdown Scott Farquhar — Co-CEO, Director, 10%+ Owner Farquhar sold approximately 20,033 shares for a total of ~$2.67 million across three trading days: Date Transactions Shares Sold Avg Price Est. Value Jan 28 5 7,665 $135.40 $1.04M Jan 27 8 7,665 $133.40 $1.02M Jan 23 2 4,703 $130.40 $0.61M After these sales, Farquhar retains approximately 329,595 shares across trust structures and direct holdings. His lifetime sell total now stands at $1.27 billion across 5,387 Form 4 transactions. Mike Cannon-Brookes — CEO, Co-Founder, 10%+ Owner Cannon-Brookes sold approximately 9,415 shares for ~$1.28 million over two days: Date Transactions Shares Sold Avg Price Est. Value Jan 28 5 7,665 $135.40 $1.04M Jan 27 5 1,750 $134.50 $0.24M Cannon-Brookes also retains approximately 329,595 shares post-sale. His career selling total: $1.26 billion across 5,379 transactions. The Pattern: Mirror-Image Lot Sizes The most striking detail is the identical lot sizes on Jan 28. Both founders sold exactly 7,665 shares that day, broken into the same five transaction blocks: lots of 3,700, 445, 455, 281/280, and 2,784/2,785 shares at nearly identical weighted average prices. This level of precision is a textbook signature of coordinated Rule 10b5-1 trading plans — pre-scheduled sell programs filed in advance that remove discretionary timing from insider dispositions. It also means the selling was not a reaction to any specific news event. These plans are typically established weeks or months before execution. Context: What This Means for TEAM Holders While $4 million sounds significant, it represents a tiny fraction of each founder’s holdings. At ~$135/share, Farquhar and Cannon-Brookes each still hold roughly $44.5 million in TEAM stock through their direct and trust positions alone — and that doesn’t account for additional beneficial ownership structures. Both co-founders have been consistent sellers over the years, with lifetime totals exceeding $1.2 billion each. This week’s sales represent a continuation of a long-running liquidity program, not a sudden change in sentiment. What to Watch Selling cadence: Both founders have been filing Form 4s weekly in January 2026. Watch for whether the pace continues or accelerates into February. Upcoming earnings: Atlassian’s next quarterly report will provide context on whether these sales preceded any material developments. 10b5-1 plan amendments: Any modification to the trading plans would be a more meaningful signal than the scheduled sales themselves. Track insider activity for Scott Farquhar and Mike Cannon-Brookes on 13F Insight.

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Source: 13F Insight — https://13finsight.com/news/atlassian-cofounders-team-sell-off-jan-2026
Author: Alex Rivera — https://13finsight.com/authors/alex-rivera
Last updated: 2026-03-23T07:05:52.667Z