Company: TEAM
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001650372-25-000058
Chunk: 58

Company: Atlassian Corp
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 58
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s to our performance for the fiscal year ended June 30, 2025. We also believe that Marketplace Cloud revenue is an important financial performance measure that we have used to link compensation actually paid to our NEOs to our performance for the fiscal year 2025. We do not use any other financial performance measures in linking compensation actually paid to our NEOs to our performance.

Analysis of the Information Presented in the Pay Versus
Performance Table

As explained in the “Compensation Discussion and Analysis,” our annual cash incentive program is tied to a broader definition of Cloud revenue that includes fees received for sales of third-party cloud apps in the Atlassian Marketplace. Other metrics included in the Pay Versus Performance table are not determining factors for pay outcomes. In accordance with Item 402(v) of Regulation S-K of the Exchange Act, Atlassian is providing the following descriptions of the relationships between information presented in the Pay Versus Performance table.

None of our cumulative total stockholder return over fiscal years 2023 through 2025, net income across fiscal years 2023 through 2025 or Cloud revenue across fiscal years 2023 through 2025 had a direct impact on the Compensation Actually Paid (as computed in accordance with SEC rules) to our PEOs since our PEOs’ total compensation is comprised of a modest base salary and statutory superannuation contributions. However, because of the large number of shares of our common stock held by each of our co-CEOs, our cumulative total stockholder return over fiscal years 2023 through 2025 did have a negative impact on the aggregate value of their holdings.

Our annual Cloud revenue targets had a direct impact on the overall compensation of our Non-PEO NEOs, as it, when added to fees received for sales of third-party cloud apps in the Atlassian Marketplace, resulted in bonus payouts of 45.2%, 95.6%, and 96.6% for fiscal years 2023, 2024, and 2025, respectively. O ur cumulative total stockholder return over the same period reflects the challenging competitive landscape and macroeconomic environment.The increase in Compensation Actually Paid (as computed in accordance with SEC rules) to our Non-PEO NEOs for fiscal year 2025 is due primarily to the change in composition of our Non-PEO NEOs. Our net losses across fiscal years 2023, 2024, and 2025 were inclusive of stock-based compensation expense and did not have any impact on the Compensation Actually