Company: TEAM
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001650372-25-000058
Chunk: 65

Company: Atlassian Corp
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 65
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 conforming changes:

• renew the “evergreen” provision in effect under the existing plan, so that the number of shares reserved for issuance under the Restated 2015 SIP will be subject to an automatic annual increase each year during the 10-year term of the plan;

• extend the expiration date of the plan to December 2, 2035;

• remove the individual share limits previously in place for awards to qualify as performance-based compensation under Section 162(m) of the Internal Revenue Code of 1986 (the “Code”), as in effect prior to the Tax Cuts and Jobs Act of 2017; and

• prohibit the payment of dividends or dividend equivalents prior to the vesting of the award to which they relate, or as applicable, the standalone dividend equivalent right (including time-based awards and rights, as well as performance-based).

We believe that our continuing ability to offer equity incentive awards under our 2015 Share Incentive Plan is critical to our ability to attract, retain, and motivate highly qualified personnel. This is especially important given the highly competitive market for employee talent in which we operate. A component of our compensation philosophy is the belief that providing employees with the opportunity to participate in stock ownership, and in turn, our long-term future performance, fosters an ownership culture and aligns the objectives of our employees with those of our stockholders. Based on this, we consider the approval of this amendment and restatement of our 2015 Share Incentive Plan to be important to our Company’s continued success.

### Background
In October 2015, the board of directors of Atlassian Corporation Plc. (now Atlassian Corporation Ltd.), a public company limited by shares and incorporated under the laws of England and Wales, (“Atlassian UK”), adopted and, in November 2015, the stockholders of Atlassian UK approved the Atlassian Corporation Plc 2015 Share Incentive Plan, effective upon the initial public offering of Atlassian UK. In September 2022, we completed a re-domestication transaction, resulting in Atlassian Corporation, a Delaware corporation, becoming our publicly traded parent company (the “U.S. Domestication”). Upon the completion of the U.S. Domestication, Atlassian Corporation assumed the Atlassian Corporation Plc 2015 Share Incentive Plan and amended and restated such plan as the Atlassian Corporation Amended and Restated 2015 Share Incentive Plan (the “SIP”) in order to reflect the assumption and changes