Company: TEAM
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001650372-25-000058
Chunk: 77

Company: Atlassian Corp
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 77
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 fair market value of any Shares received and Atlassian will generally have a corresponding deduction, except to the extent such deduction is limited by applicable provisions of the Code

| 2025 Proxy Statement |

#### Proposals To Be Voted On67

#### Section 409A
Section 409A provides certain requirements for non-qualified deferred compensation arrangements with respect to an individual’s deferral and distribution elections and permissible distribution events. Awards granted under the Restated 2015 SIP with a deferral feature will be subject to the requirements of Section 409A. If an award is subject to and fails to satisfy the requirements of Section 409A, the participant of that award may recognize ordinary income on the amounts deferred under the award, to the extent vested, which may be prior to when the compensation is actually or constructively received. Also, if an award that is subject to Section 409A fails to comply with Section 409A’s provisions, Section 409A imposes an additional 20% federal income tax on compensation recognized as ordinary income, as well as interest on such deferred compensation.

#### Tax Effect for Atlassian
As outlined above, Atlassian generally will be entitled to a tax deduction in connection with an award under the Restated 2015 SIP in an amount equal to the ordinary income realized by a participant and at the time the participant recognizes such income (for example, the exercise of a nonstatutory stock option). Section 162(m) of the Code limits a publicly traded company’s federal income tax deduction for compensation in excess of $1,000,000 paid to certain “covered employees.” At present, covered employees generally include any executive officer whose compensation was required to be disclosed in the Company’s annual proxy statement. Therefore, we expect that we will be unable to deduct all compensation in excess of $1,000,000 paid to our covered employees.

Vote Required and the Atlassian Board Recommendation

Approval of this proposal requires the affirmative vote of a majority of the voting power of Class A Common Stock and Class B Common Stock present or represented by proxy at the Annual Meeting and voting either “for” or “against,” as a single class. Abstentions and broker non-votes will not affect the outcome of the vote on this proposal.

| THE ATLASSIAN BOARD RECOMMENDS A VOTEFORTHE APPROVAL OF THE AMENDMENT AND RESTATEMENT TO THE ATLASSIAN CORPORATION AMENDED AND RESTATED 2015 SHARE INCENTIVE PLAN. |

| 2025 Proxy Statement |

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