Company: TEAM
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001650372-25-000058
Chunk: 75

Company: Atlassian Corp
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 75
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 such deduction is limited by applicable provisions of the Code.

The difference between the option exercise price and the fair market value of the Shares on the exercise date is treated as an adjustment in computing the optionee’s alternative minimum taxable income and may be subject to an alternative minimum tax, which is paid if such tax exceeds the regular tax for the year.

Special rules may apply with respect to certain subsequent sales of the Shares in a disqualifying disposition, certain basis adjustments for purposes of computing the alternative minimum taxable income on a subsequent sale of the Shares and certain tax credits which may arise with respect to optionees subject to the alternative minimum tax.

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#### 66Proposals To Be Voted On

#### Nonstatutory Stock Options
Options not designated or qualifying as incentive stock options will be nonstatutory stock options having no special tax status. An optionee generally recognizes no taxable income as the result of the grant of such an option. Upon exercise of a nonstatutory stock option, the optionee normally recognizes ordinary income equal to the amount that the fair market value of the Shares on such date exceeds the exercise price. If the optionee is an employee, such ordinary income generally is subject to withholding of income and employment taxes. Upon the sale of stock acquired by the exercise of a nonstatutory stock option, any gain or loss, based on the difference between the sale price and the fair market value on the exercise date, will be taxed as capital gain or loss. No tax deduction is available to Atlassian with respect to the grant of a nonstatutory stock option or the sale of the stock acquired pursuant to such grant. However, Atlassian will generally be entitled to a federal income tax deduction in the tax year in which the option is exercised, equal to the ordinary income recognized by the optionee as described above, except to the extent such deduction is limited by applicable provisions of the Code.

#### Stock Appreciation Rights
In general, no taxable income is reportable when a stock appreciation right is granted to a participant. Upon exercise, the participant will recognize ordinary income in an amount equal to the fair market value of any Shares received. Any additional gain or loss recognized upon any later disposition of the Shares would be capital gain or loss. Atlassian will generally be entitled to a federal income tax deduction in the tax year in which the stock appreciation right is exercised, equal to the ordinary income recognized by the participant as described above, except to the extent such deduction is limited by applicable provisions of the Code.

#### Restricted Stock