Company: TEAM
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001650372-25-000058
Chunk: 39

Company: Atlassian Corp
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 39
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 Multiplier % 
 (0% - 200%)  |     | = |     | Annual Cash 
 Incentive   
 Payout      |

(1) Eligible earnings reflect salary earned during fiscal year 2025

Annual Cash Incentive Payments for Fiscal Year 2025 Performance

The annual cash incentive payout structure is aligned with our top company priority of driving Cloud revenue growth and ensures we are incentivizing what we believe is the right outcome. The CLDC references our internal plan when setting targets for the annual Cloud and Marketplace Cloud revenue metric. The target is intended to be challenging but achievable, while threshold performance is intended to be reasonably achievable, and the maximum represents a stretch goal. The CLDC reviews the appropriateness of threshold, target, and maximum goals annually, with a focus on attempting to ensure that our performance goals will result in stockholder value creation in the long term. The fiscal year 2025 Cloud and Marketplace Cloud revenue threshold, target, and maximum goals (as well as actual fiscal year 2025 achievement) are shown below ($ in millions):

| Element                                |     |        | Threshold |     |        | Target |     |        | Maximum |     |        | Actual |
| Cloud and Marketplace Cloud Revenue(1) |     | $3,067 |           |     | $3,609 |        |     | $4,150 |         |     | $3,547 |        |
| Payout                                 |     |      0 |           |     |    100 | %      |     |    200 | %       |     |   96.6 | %      |
| Year-over-year Cloud Revenue Growth    |     |     10 | %         |     |     30 | %      |     |     49 | %       |     |     28 | %      |

(1) Cloud and Marketplace Cloud revenue is equal to Cloud revenue as reported in the audited financial statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, plus fees received for sales of third-party cloud apps in the Atlassian Marketplace.

During fiscal year 2025, we achieved Cloud and Marketplace Cloud revenue of $3,547 million, which corresponds to 98.3% of the fiscal year 2025 target. This performance translated into cash incentive payouts equal to 96.6% of each executive’s targeted amount based on a 2.0x leveraged payout curve between 95