Company: TEAM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001650372-25-000068
Chunk: 251

Company: Atlassian Corp
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 251
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 ended September 30, 2025. The fair values of the impaired assets were estimated using discounted cash flow models (income approach) based on market participant assumptions with Level 3 fair value inputs. The assumptions used in estimating fair value include the expected downtime prior to the commencement of future subleases, projected sublease income over the remaining lease periods, and discount rates that reflect the level of risk associated with receiving future cash flows.The execution of these actions, including cash payment of the severance and other termination benefits related liabilities, is expected to be substantially completed as of December 31, 2025.A summary of the Company’s restructuring charges for the three months ended September 30, 2025, by major activity type was as follows (in thousands):Severance and Other Termination BenefitsStock-based CompensationLease ConsolidationTotalCost of revenue$27,794 $1,432 $2,366 $31,592 Research and development— — 12,102 12,102 Marketing and sales— — 8,154 8,154 General and administrative95 — 3,735 3,830 Total$27,889 $1,432 $26,357 $55,678 The following table is a summary of the changes in the liabilities, included within accrued expenses and other current liabilities on the condensed consolidated balance sheets as of September 30, 2025, related to the restructuring charges (in thousands):Severance and Other Termination BenefitsStock-based CompensationLease ConsolidationTotalCharges$27,889 $1,432 $26,357 $55,678 Payments(9,224)— — (9,224)Non-cash items(446)(1,432)(26,307)(28,185)Liability as of September 30, 2025$18,219 $— $50 $18,269 

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15. Stockholders’ EquityStock-based CompensationA summary of restricted stock unit (“RSU”) activity for the three months ended September 30, 2025 was as follows (in thousands except share and per share data):Number of SharesWeighted Average Grant Date Fair ValueAggregate Intrinsic ValueBalance as of June 30, 2025$16,578,020 $190.98 $3,366,830 Granted9,646,235 171.37 — Vested(1,692,427