Company: TEAM
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001650372-25-000058
Chunk: 66

Company: Atlassian Corp
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 66
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 in applicable law and to provide for the securities to be issuable in connection with equity awards to be shares of Atlassian Corporation Class A Common Stock instead of Atlassian UK Class A ordinary shares.

On September 17, 2025, our CLDC recommended an amendment and restatement of our SIP to the Board, and on September 22, 2025, the Board approved this amendment and restatement subject to the approval of our stockholders. If the stockholders approve this proposal, the Restated 2015 SIP (as defined below) will become effective on the date of our 2025 Annual Meeting.

In the discussion of this proposal, we refer to the currently existing version of the Atlassian Corporation Amended and Restated 2015 Share Incentive Plan as the “SIP,” and we refer to the version of the Atlassian Corporation Amended and Restated 2015 Share Incentive Plan that we are asking stockholders to approve as the “Restated 2015 SIP.”

#### Shares Available for Future Awards
As of September 30, 2025, a total of 27,593,273 Shares remained available under the SIP for issuance under new awards (the "SIP's Available Shares"). The number of Shares available for issuance under new awards under the Restated 2015 SIP will include the SIP's Available Shares, less grants made after September 30, 2025 and before stockholder approval of the Restated 2015 SIP, as increased by the Annual Increase under the “evergreen” provision described below, subject to adjustments for changes in capitalization. Aside from the future Annual Increase which will commence in 2026, we are not asking our stockholders to approve an increase in the number of Shares authorized for issuance under the SIP.

Our Board and CLDC considered a number of factors in determining to request a renewal of the “evergreen” provision in effect under the SIP through the Annual Increase under the Restated 2015 SIP, including the SIP's Available Shares, our past share usage, our estimate of the number of Shares needed for future awards, a dilution analysis and competitive data from relevant peer companies.

We generally make equity grants to all of our employees. Grants are generally made upon hire and then annually based on performance to retain and motivate our employees. We occasionally make performance-related grants in recognition of individual contributions or promotions. These new hire, annual and special grants promote our goal of fostering an ownership culture among our employees by providing a direct link between compensation and