Company: TEAM
Filing Date: 2025-08-15
Form Type: 10-K
Source: 0001650372-25-000036
Chunk: 148

Company: Atlassian Corp
Filing Date: 2025-08-15
Form: 10-K
Item: Item 8
Chunk 148
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.Each share of Class A Common Stock is entitled to one vote. Each share of Class B Common Stock is entitled to 10 votes.Preferred StockThe Company’s board of directors has the authority to issue up to 10 million shares of preferred stock in one or more series. The Company’s board of directors may designate the rights, preferences, privileges, and restrictions of the preferred stock, including voting rights, dividend rights, conversion rights, redemption privileges, and liquidation preferences, the right to elect directors to and increase or decrease the number of shares of any series. As of June 30, 2025 and 2024, no shares of preferred stock were outstanding.Stock-based CompensationThe Company maintains the Atlassian Corporation Amended and Restated 2015 Share Incentive Plan (the “2015 Plan”), and the Atlassian Corporation Amended and Restated 2015 Employee Share Purchase Plan (the “ESPP” and, together with the 2015 Plan, the “Incentive Plans”). At June 30, 2025, the Company had 28,121,651 shares of its common stock available for future issuance under the 2015 Plan. The Company currently does not have common stock outstanding or open offering periods under the ESPP.RSU grants generally vest evenly over four years on a quarterly basis. Prior to April 2021 for existing employees and September 2023 for new employees, RSU grants generally vested over four years with 25% vesting on the one year anniversary of the grant date and 1/12th of the remaining RSUs vesting on a quarterly basis over the remaining three years.A summary of RSU activity for fiscal year 2025 is as follows (in thousands except share and per share data):Number of SharesWeighted Average Grant Date Fair ValueAggregate Intrinsic ValueBalance as of June 30, 202412,696,964 $213.13 $2,245,839 Granted12,579,661 179.10 — Vested(6,400,145)207.38 $1,537,447 Forfeited or cancelled(2,298,460)195.96 — Balance as of June 30, 202516,578,020 $190.98 $3,366,830 The weighted-average grant date fair value of RSUs granted in fiscal years 2024 and 2023 was $199.66 and $221.