Company: TEAM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001650372-25-000022
Chunk: 237

Company: Atlassian Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Part II, Item 2
Chunk 237
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ITEM 5. OTHER INFORMATION

Trading Plans

On February 12, 2025, Scott Farquhar, a member of the Company’s Board of Directors, through a trust for which he is a trustee, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 1,916,250 shares of the Company’s Class A Common Stock, pursuant to the terms of the plan, until June 6, 2026. The plan is a part of Mr. Farquhar’s long-term strategy for individual asset diversification and liquidity. Under the plan, the sales will be spread out until the plan’s expiration date, in order to reduce market impact on any given day. The percentage of shares sold pursuant to the plan is consistent with the percentage of Mr. Farquhar’s holdings sold in previous trading plans he has adopted each year since the Company’s initial public offering in December 2015.

On February 20, 2025, Michael Cannon-Brookes, the Company’s Chief Executive Officer and a member of the Company’s Board of Directors, through a trust for which he is a trustee, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 1,916,250 shares of the Company’s Class A Common Stock, pursuant to the terms of the plan, until June 6, 2026. The plan is a part of Mr. Cannon-Brookes’s long-term strategy for individual asset diversification and liquidity. Under the plan, the sales will be spread out until the plan’s expiration date, in order to reduce market impact on any given day. The percentage of shares sold pursuant to the plan is consistent with the percentage of Mr. Cannon-Brookes’s holdings sold in previous trading plans he has adopted each year since the Company’s initial public offering in December 2015.

On March 1, 2025, Steve Sordello, a member of the Company’s Board of Directors, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 12,000 shares of the Company’s Class A Common Stock, pursuant to the terms of the plan, until June 5, 2026.

74

On March 5