[Form 4] Atlassian Corp Insider Trading Activity

Rhea-AI Filing Summary

Atlassian (TEAM) insider award: Rajan Rajeev Bashyam, Chief Technology Officer, was granted 87,794 restricted stock units (RSUs) on 09/20/2025 under the Atlassian Amended and Restated 2015 Share Incentive Plan. Each RSU converts to one share of Class A common stock upon vesting. The award was recorded at a price of $0.00, and following the grant Mr. Bashyam beneficially owns 228,666 shares directly. The filing states the RSUs "will vest in accordance with the terms of the underlying award," but does not disclose a vesting schedule or the specific vesting dates. The Form 4 was signed on behalf of the reporting person on 09/23/2025.

Positive

• Alignment with shareholders: Grant of 87,794 RSUs increases the CTO's direct ownership to 228,666 shares.
• Structured compensation: Award is granted under the Atlassian Amended and Restated 2015 Share Incentive Plan, indicating use of an established equity program.

Negative

• No vesting schedule disclosed: The Form 4 states RSUs "will vest in accordance with the terms of the underlying award" but provides no vesting dates or conditions.
• Insufficient detail on performance conditions: The filing does not specify whether the RSUs include performance-based vesting or are solely time-based.

Insights

Corporate Governance Expert

TL;DR: Routine executive equity grant increases direct ownership but provides no vesting schedule in the filing.

The Form 4 documents a standard equity compensation award to the CTO under Atlassian's 2015 Share Incentive Plan. The grant of 87,794 RSUs raises the reporting person's direct holdings to 228,666 shares, aligning executive and shareholder interests in principle. The filing is procedural and contains no disclosures of accelerated vesting, performance conditions, or additional agreements. Lack of a vesting timetable in the Form 4 limits assessment of near-term dilution or retention impact.

Compensation & Equity Analyst

TL;DR: Significant RSU award recorded; materiality depends on vesting timing and any performance terms not included here.

The entry shows an RSU grant reported as an acquisition (Code A) with a recorded price of $0.00, consistent with restricted units that convert to shares at vesting. The disclosure confirms one-to-one conversion to Class A common stock but omits vesting schedule and any performance or service conditions. Without those details, the award's impact on outstanding shares, compensation expense, and retention effectiveness cannot be determined from this filing alone.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RAJAN RAJEEV BASHYAM

(Last) (First) (Middle)

C/O ATLASSIAN CORPORATION

350 BUSH STREET, FLOOR 13

(Street)

SAN FRANCISCO CA 94104

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Atlassian Corp [ TEAM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/20/2025		A		87,794(1)	A	$0.00	228,666	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an award of restricted stock units under the Atlassian Corporation ("Atlassian") Amended and Restated 2015 Share Incentive Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of Atlassian Class A common stock. The restricted stock units will vest in accordance with the terms of the underlying award.

Remarks:

	/s /Drew Parkes, Attorney-in-Fact for RAJAN RAJEEV BASHYAM	09/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Rajan Rajeev Bashyam report on the Form 4 for TEAM?

The filing reports a grant of 87,794 restricted stock units (RSUs) on 09/20/2025 and shows 228,666 shares beneficially owned following the transaction.

When was the TEAM Form 4 transaction reported?

The transaction date is 09/20/2025, and the Form 4 was signed on behalf of the reporting person on 09/23/2025.

Under what plan were the TEAM RSUs granted?

The RSUs were awarded under the Atlassian Amended and Restated 2015 Share Incentive Plan.

How many shares does each RSU convert to for TEAM?

Each restricted stock unit represents the contingent right to receive one share of Atlassian Class A common stock upon vesting.

Did the Form 4 disclose the RSU vesting schedule for TEAM?

No. The filing states the RSUs "will vest in accordance with the terms of the underlying award" but does not disclose specific vesting dates or conditions.