Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 263

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 263
---
 CompensationA summary of restricted stock unit (“RSU”) activity for the nine months ended March 31, 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, 202412,696,964 $213.13 $2,245,839 Granted11,397,712 177.17 — Vested(4,704,388)208.07 1,155,066 Forfeited or cancelled(1,700,378)198.30 — Balance as of March 31, 202517,689,910 $191.87 $3,753,976 As of March 31, 2025, total compensation cost not yet recognized in the condensed consolidated financial statements related to employee and director RSU awards was $2.6 billion.During the nine months ended March 31, 2025, the Company did not grant any shares of restricted stock awards (“RSA”). During the nine months ended March 31, 2024, the Company granted 301,751 shares of RSA. As of March 31, 2025 and June 30, 2024, there were 91,178 and 156,856 shares of RSA outstanding, respectively. These outstanding shares of RSA are subject to forfeiture or repurchase at the original exercise price during the repurchase period following employee termination, as applicable. The total aggregate intrinsic value of outstanding shares of RSA were $19.3 million and $27.7 million as of March 31, 2025 and June 30, 2024, respectively.Share Repurchase ProgramsIn January 2023, the Board of Directors authorized a program to repurchase up to $1.0 billion of the Company’s outstanding Class A Common Stock (the “2023 Repurchase Program”). In September 2024, the Board of Directors authorized a new program under which the Company may repurchase up to an additional $1.5 billion of the Company’s outstanding Class A Common Stock (the “2024 Repurchase Program” and, together with the 2023 Repurchase Program, the “Repurchase Programs”). The 2024 Repurchase Program will commence following completion of the 2023 Repurchase Program. 

20

The Repurchase Programs do not have a fixed expiration date, may be suspended or discontinued at any time, and do not obligate