Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 161

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 4
Chunk 161
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 or the competitive landscape generally;

•developments or disputes concerning our intellectual property or our products, or third-party proprietary rights;

•changes in accounting standards, policies, guidelines, interpretations or principles;

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•new laws or regulations, new interpretations of existing laws, or the new application of existing regulations to our business;

•major changes to our board of directors or management;

•additional shares of Class A Common Stock being sold into the market by us or our existing stockholders or the anticipation of such sales;

•the existence of our 2024 Share Repurchase Program (as defined below) and purchases made pursuant to the 2024 Share Repurchase Program or any failure to repurchase shares as planned, including failure to meet expectations around the timing, price or amount of share repurchases, and any reduction, suspension or termination of the 2024 Share Repurchase Program;

•cyber-security and privacy breaches; 

•lawsuits threatened or filed against us; 

•economic uncertainty regarding, or any impacts from, the imposition of and changes in trade policies, including trade wars, tariffs or other trade restrictions or the threat of such actions;

•other general economic conditions and macroeconomic factors, such as inflationary pressures, recession or financial institution instability; and

•other events or factors, including those resulting from geopolitical risks, natural disasters, climate change, diseases and pandemics, or incidents of terrorism or war, such as in the Middle East and Ukraine, as well as responses to any of these events

In addition, the stock markets, and in particular the market on which our Class A Common Stock is listed, have experienced extreme price and volume fluctuations that have affected and continue to affect the market prices of equity securities of many technology companies. Stock prices of many technology companies have fluctuated in a manner unrelated or disproportionate to the operating performance of those companies. In the past, stockholders have instituted securities class action litigation following periods of market volatility. In February 2023, a purported securities class action complaint was filed against us and certain of our officers in U.S. federal court. This case has been dismissed, but it is possible there could be other securities litigation in the future that subjects us to substantial costs, diverts resources and the attention of management from operating our business, and harms our business, results of operations and financial condition.

Substantial future sales of our common stock could cause the market price of our Class A Common Stock to decline.

The market price of our Class A Common Stock could decline as a result of substantial sales of shares