Atlassian (NASDAQ: TEAM) appoints Google VP Anil Sabharwal to board role

Rhea-AI Filing Summary

Atlassian Corporation reported that its Board of Directors approved the appointment of Anil Sabharwal as a director, effective February 1, 2026. Sabharwal is a Vice President of Product at Alphabet (Google), has served as a technical advisor to Atlassian on its partnership with the Atlassian Williams Racing Formula One Team, is a Venture Partner at AirTree Ventures, and previously served on the board of Wesfarmers Limited.

As a non-employee director, Sabharwal will receive a $55,000 annual cash retainer and an annual award of RSUs valued at $290,000, both pro-rated from his start date until Atlassian’s next annual stockholder meeting. These RSUs vest in full on the earlier of one year from grant or the next annual meeting, subject to continued service, and all non-employee director RSUs accelerate fully upon a sale of the company. Atlassian will enter into its standard indemnification agreement with Sabharwal and states there are no related party transactions requiring disclosure, although it does conduct arm’s-length commercial contracts with Google in which he has no material interest.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K
_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
January 15, 2026

ATLASSIAN CORPORATION

(Exact Name of Registrant as Specified in its Charter)

_________________

Delaware

001-37651

88-3940934

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification No.)

350 Bush Street, Floor 13

San Francisco, California 94104

(Address of principal executive offices and Zip Code)

(415) 701-1110

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

_________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐						Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐						Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐						Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐						Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Class A Common Stock, par value $0.00001 per share

TEAM

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 15, 2026, the Board of Directors (the “Board”) of Atlassian Corporation (the “Company”) approved the appointment of Anil Sabharwal as a director of the Company, effective as of February 1, 2026 (the “Start Date”). Mr. Sabharwal is Vice President of Product at Alphabet, Inc. (“Google”). In addition, in 2025, Anil served as a technical advisor to the Company, overseeing its new partnership with the Atlassian Williams Racing Formula One Team. He is also a Venture Partner at venture capital firm, AirTree Ventures, and previously served on the board of directors of Wesfarmers Limited, an Australian conglomerate. Mr. Sabharwal holds a Bachelor of Mathematics in Computer Science (Honours) from the University of Waterloo.

Mr. Sabharwal will participate in the Company’s non-employee directors’ compensation arrangements. Under the terms of these arrangements, Mr. Sabharwal will receive a $55,000 retainer for annual service on the Board and an annual award of restricted stock units (“RSUs”) having a fair market value of $290,000 (the “Annual Grant”), in each case pro-rated for the year based on the time between the Start Date and the Company’s next annual meeting of stockholders. These RSUs will vest in full on the earlier of (i) the one-year anniversary of the grant date or (ii) the next annual meeting of stockholders, subject to continued service as a director through the applicable vesting date, unless the Compensation and Leadership Development Committee of the Board determines that circumstances warrant continuation of vesting. All RSUs granted to non-employee directors are subject to 100% accelerated vesting upon the sale of the Company.

There are no arrangements or understandings between Mr. Sabharwal and any other persons pursuant to which Mr. Sabharwal was named a director of the Company. The Company will also enter into its standard form of indemnification agreement with Mr. Sabharwal (in substantially the form filed with the Securities and Exchange Commission as Exhibit 10.2 to the Company’s Current Report on Form 8-K on October 3, 2022), which will require the Company to indemnify Mr. Sabharwal, to the fullest extent permitted under applicable law, for certain liabilities to which he may become subject to in the execution or discharge of his duties. There are no related party transactions between the Company and Mr. Sabharwal that would require disclosure under Item 404(a) of Regulation S-K. From time to time, the Company has entered into, and expects to enter into, arm’s-length commercial contracts with Google. Mr. Sabharwal does not have a direct or indirect material interest in these transactions. Any such future transactions are subject to the procedures of the Company’s related party transactions policy.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

ATLASSIAN CORPORATION

Date:

January 15, 2026

By:

/s/ Stan Shepard

Stan Shepard

General Counsel

FAQ

What did Atlassian (TEAM) disclose in this Form 8-K?

Atlassian disclosed that its Board of Directors approved the appointment of Anil Sabharwal as a new director, effective February 1, 2026, and outlined his background and director compensation terms.

Who is Anil Sabharwal, the new Atlassian (TEAM) director?

Anil Sabharwal is Vice President of Product at Alphabet (Google), previously served as a technical advisor to Atlassian for its Atlassian Williams Racing Formula One partnership, is a Venture Partner at AirTree Ventures, and formerly sat on the board of Wesfarmers Limited.

What compensation will Anil Sabharwal receive as an Atlassian (TEAM) director?

As a non-employee director, Anil Sabharwal will receive a $55,000 annual cash retainer and an annual RSU award valued at $290,000, both pro-rated for the period from his start date to Atlassian’s next annual stockholder meeting.

How do Anil Sabharwal’s Atlassian RSUs vest?

His RSUs will vest in full on the earlier of (i) the one-year anniversary of the grant date or (ii) the next annual meeting of stockholders, subject to continued service as a director, and all non-employee director RSUs fully accelerate upon a sale of the company.

Does Atlassian (TEAM) have any related party transactions with Anil Sabharwal or Google?

Atlassian states there are no related party transactions with Anil Sabharwal requiring disclosure. It has entered and expects to enter arm’s-length commercial contracts with Google, and Sabharwal does not have a direct or indirect material interest in these transactions.

Will Atlassian (TEAM) provide indemnification to Anil Sabharwal?

Yes. Atlassian will enter into its standard form of indemnification agreement with Anil Sabharwal, requiring the company to indemnify him to the fullest extent permitted under applicable law for certain liabilities related to his duties as a director.