[Form 4] Atlassian Corporation Insider Trading Activity

Q: What coupon rate do the UBS (WUCT) 424B2 notes offer?

The preliminary contingent coupon rate is 9.50 % per annum , paid monthly when all three indices close at or above 70 % of their initial levels.

Q: When can UBS call the Trigger Callable Contingent Yield Notes?

UBS may redeem the Notes in whole on any monthly observation date beginning after three months ; holders receive par plus any due coupon.

Q: How much principal protection do these notes provide?

Protection is conditional ; if, at maturity, any index is below 70 % of its initial level, repayment is reduced one-for-one with the worst index’s decline and can reach zero.

Q: What is the estimated initial value versus the $1,000 issue price?

UBS estimates an initial value between $930.90 and $960.90 , reflecting underwriting discount, hedging costs and internal funding adjustments.

Q: Are the notes listed on an exchange?

No. The Notes will not be listed; any secondary trading depends on UBS Securities LLC acting as market-maker.

Q: What indices underlie the notes and what are their barriers?

Nasdaq-100, Russell 2000 and S&P 500; each has a coupon barrier and downside threshold at 70 % of its trade-date level .

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Offering overview: UBS AG is marketing unsubordinated, unsecured Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100 Index (NDX), Russell 2000 Index (RTY) and S&P 500 Index (SPX). The preliminary terms contemplate:

Principal amount: $1,000 per Note
Term: ≈4 years (Trade Date 16 Jul 2025 → Maturity 19 Jul 2029), subject to issuer call
Contingent coupon: 9.50% p.a. (≈ $7.9167 monthly) paid only when the closing level of each index ≥ 70 % of its initial level (the “coupon barrier”) on the relevant observation date
Issuer call: UBS may redeem the Notes in whole (not in part) on any monthly observation date beginning after three months; investors then receive par plus any due coupon
Protection: conditional. If not called and each index ≥ 70 % of its initial level on the Final Valuation Date, holders receive par. If any index < 70 %, repayment = par × (1 + return of worst-performing index) and can fall to $0
Estimated initial value: $930.90 – $960.90 (6.9 % – 3.9 % below issue price) determined using UBS internal models
Underwriting discount: up to $10 per Note; UBS Securities LLC may re-allow full amount to third-party dealers

Key dates: Settlement 21 Jul 2025 (T+3); first potential call settlement date 21 Oct 2025; monthly observation/coupon schedule thereafter; Final Valuation Date 16 Jul 2029.

Risk highlights:

Market risk: Performance is driven by the worst of three equity indices; lack of diversification can lead to loss of up to 100 % of principal.
Coupon uncertainty: Monthly coupons cease if any index closes below its barrier on an observation date; periods without coupons coincide with heightened principal risk.
Call risk & reinvestment: UBS is more likely to call when coupons are attractive relative to market yields, capping upside and forcing reinvestment at potentially lower rates.
Credit risk: Payments depend on UBS AG’s ability to pay; the Notes are not FDIC-insured.
Liquidity/valuation: No exchange listing; secondary market, if any, will be at UBS Securities LLC’s discretion. Issue price exceeds estimated value because of fees, hedging and funding adjustments.

Illustrative payouts: Hypothetical examples show (1) 1 % total return if called after three months; (2) 1 % total return if held to maturity and all indices ≥ barriers; (3) 59.5 % loss if worst index falls 60 % at maturity.

Investor suitability: Product may suit investors seeking enhanced coupons, comfortable with equity-linked downside, early redemption and UBS credit exposure. It is not suitable for investors requiring guaranteed income or principal protection.

Panoramica dell'offerta: UBS AG propone Note Callable Contingenti a Rendimento Trigger non subordinate e non garantite, collegate al peggior rendimento tra Nasdaq-100 Index (NDX), Russell 2000 Index (RTY) e S&P 500 Index (SPX). I termini preliminari prevedono:

Importo nominale: 1.000 $ per Nota
Durata: circa 4 anni (Data di negoziazione 16 lug 2025 → Scadenza 19 lug 2029), soggetta a richiamo da parte dell'emittente
Coupon contingente: 9,50% annuo (circa 7,9167 $ mensili) pagato solo se il livello di chiusura di ciascun indice è ≥ 70% del livello iniziale (la “barriera del coupon”) alla data di osservazione rilevante
Richiamo dell'emittente: UBS può rimborsare integralmente le Note (non parzialmente) in qualsiasi data di osservazione mensile dopo i primi tre mesi; gli investitori ricevono il valore nominale più eventuali coupon dovuti
Protezione: condizionata. Se non richiamate e ciascun indice è ≥ 70% del livello iniziale alla Data di Valutazione Finale, i titolari ricevono il valore nominale. Se qualunque indice è < 70%, il rimborso = valore nominale × (1 + rendimento dell'indice peggiore) e può scendere fino a 0 $
Valore iniziale stimato: da 930,90 $ a 960,90 $ (dal 6,9% al 3,9% sotto il prezzo di emissione), calcolato con modelli interni UBS
Sconto di sottoscrizione: fino a 10 $ per Nota; UBS Securities LLC può riconcedere l'intero importo ai dealer terzi

Date chiave: Regolamento 21 lug 2025 (T+3); prima possibile data di richiamo 21 ott 2025; calendario mensile di osservazione e pagamento coupon; Data di Valutazione Finale 16 lug 2029.

Rischi principali:

Rischio di mercato: La performance dipende dall'indice azionario peggiore tra tre; la mancanza di diversificazione può comportare una perdita fino al 100% del capitale.
Incertezza del coupon: I coupon mensili cessano se un indice chiude sotto la barriera in una data di osservazione; periodi senza coupon coincidono con un maggior rischio sul capitale.
Rischio di richiamo e reinvestimento: UBS ha maggiore probabilità di richiamare quando i coupon sono attraenti rispetto ai rendimenti di mercato, limitando il potenziale guadagno e costringendo a reinvestire a tassi potenzialmente inferiori.
Rischio di credito: I pagamenti dipendono dalla capacità di UBS AG di onorarli; le Note non sono assicurate FDIC.
Liquidità/valutazione: Nessuna quotazione in borsa; il mercato secondario, se presente, è a discrezione di UBS Securities LLC. Il prezzo di emissione supera il valore stimato a causa di commissioni, coperture e aggiustamenti di finanziamento.

Pagamenti illustrativi: Esempi ipotetici mostrano (1) rendimento totale dell’1% se richiamate dopo tre mesi; (2) rendimento totale dell’1% se detenute fino alla scadenza con tutti gli indici sopra la barriera; (3) perdita del 59,5% se l’indice peggiore scende del 60% alla scadenza.

Idoneità per l’investitore: Il prodotto può essere adatto a investitori che cercano coupon maggiorati, accettano rischi legati a sottostanti azionari, richiamo anticipato e esposizione al credito UBS. Non è indicato per chi necessita di reddito garantito o protezione del capitale.

Resumen de la oferta: UBS AG comercializa Notas Contingentes de Rendimiento Trigger Callable, no subordinadas y sin garantía, vinculadas al rendimiento más bajo entre el Nasdaq-100 Index (NDX), Russell 2000 Index (RTY) y S&P 500 Index (SPX). Los términos preliminares contemplan:

Monto principal: 1,000 $ por Nota
Plazo: aproximadamente 4 años (Fecha de negociación 16 jul 2025 → Vencimiento 19 jul 2029), sujeto a llamada del emisor
Cupones contingentes: 9.50% anual (aprox. 7.9167 $ mensuales) pagados solo cuando el nivel de cierre de cada índice sea ≥ 70 % de su nivel inicial (la “barrera del cupón”) en la fecha de observación correspondiente
Llamada del emisor: UBS puede redimir las Notas en su totalidad (no parcialmente) en cualquier fecha de observación mensual después de tres meses; los inversores reciben el valor nominal más cualquier cupón adeudado
Protección: condicional. Si no se llama y cada índice es ≥ 70 % de su nivel inicial en la Fecha de Valoración Final, los titulares reciben el valor nominal. Si cualquier índice es < 70 %, el reembolso = valor nominal × (1 + rendimiento del índice con peor desempeño) y puede caer a $0
Valor inicial estimado: entre 930.90 $ y 960.90 $ (6.9 % – 3.9 % por debajo del precio de emisión) determinado mediante modelos internos de UBS
Descuento de suscripción: hasta 10 $ por Nota; UBS Securities LLC puede ceder el monto total a distribuidores externos

Fechas clave: Liquidación 21 jul 2025 (T+3); primera posible fecha de llamada 21 oct 2025; calendario mensual de observación y pago de cupones; Fecha de Valoración Final 16 jul 2029.

Aspectos de riesgo:

Riesgo de mercado: El rendimiento depende del peor de tres índices bursátiles; la falta de diversificación puede ocasionar una pérdida de hasta el 100 % del capital.
Incertidumbre del cupón: Los cupones mensuales cesan si algún índice cierra por debajo de su barra en una fecha de observación; los periodos sin cupones coinciden con mayor riesgo sobre el capital.
Riesgo de llamada y reinversión: UBS tiene más probabilidades de llamar cuando los cupones son atractivos en comparación con los rendimientos del mercado, limitando la ganancia potencial y obligando a reinvertir a tasas posiblemente más bajas.
Riesgo crediticio: Los pagos dependen de la capacidad de UBS AG para cumplir; las Notas no están aseguradas por la FDIC.
Liquidez/valoración: No cotizan en bolsa; el mercado secundario, si existe, queda a discreción de UBS Securities LLC. El precio de emisión supera el valor estimado debido a comisiones, coberturas y ajustes de financiamiento.

Pagos ilustrativos: Ejemplos hipotéticos muestran (1) retorno total del 1% si se llama después de tres meses; (2) retorno total del 1% si se mantiene hasta el vencimiento y todos los índices están por encima de las barreras; (3) pérdida del 59.5% si el índice peor cae un 60% al vencimiento.

Idoneidad para inversores: El producto puede ser adecuado para inversores que buscan cupones mejorados, están cómodos con la exposición a riesgos vinculados a acciones, redención anticipada y riesgo crediticio de UBS. No es adecuado para quienes requieren ingresos garantizados o protección del capital.

상품 개요: UBS AG는 Nasdaq-100 지수(NDX), Russell 2000 지수(RTY), S&P 500 지수(SPX) 중 최저 성과 지수에 연동된 무담보 비후순위 트리거 콜러블 컨틴전트 수익 노트를 판매하고 있습니다. 예비 조건은 다음과 같습니다:

원금 금액: 노트당 1,000달러
기간: 약 4년 (거래일 2025년 7월 16일 → 만기 2029년 7월 19일), 발행자 콜 권한에 따름
조건부 쿠폰: 연 9.50% (월 약 7.9167달러)로, 관찰일에 각 지수의 종가가 초기 수준의 70% 이상(“쿠폰 장벽”)일 때만 지급
발행자 콜: UBS는 3개월 이후 매월 관찰일에 노트를 전액(부분 아님) 상환할 수 있으며, 투자자는 원금과 미지급 쿠폰을 수령
보호장치: 조건부. 콜이 없고 최종 평가일에 각 지수가 초기 수준의 70% 이상이면 투자자는 원금을 수령. 어느 지수라도 70% 미만이면 상환금 = 원금 × (최저 성과 지수 수익률)로 0달러까지 하락 가능
예상 초기 가치: 930.90달러 ~ 960.90달러 (발행가 대비 6.9% ~ 3.9% 낮음), UBS 내부 모델 사용 산출
인수 수수료: 노트당 최대 10달러; UBS Securities LLC는 제3자 딜러에게 전액 재할인 가능

주요 일정: 결제일 2025년 7월 21일 (T+3); 첫 콜 가능 결제일 2025년 10월 21일; 이후 매월 관찰 및 쿠폰 지급 일정; 최종 평가일 2029년 7월 16일.

주요 위험 사항:

시장 위험: 성과는 세 개 주가지수 중 최저 지수에 의해 결정되며, 분산 부족으로 원금의 최대 100% 손실 가능.
쿠폰 불확실성: 관찰일에 어느 지수라도 장벽 이하로 마감하면 월 쿠폰 지급 중단; 쿠폰 미지급 기간은 원금 위험 증가 시기와 일치.
콜 위험 및 재투자: UBS는 쿠폰이 시장 수익률 대비 매력적일 때 콜 가능성이 높아 상승 잠재력을 제한하고, 더 낮은 금리로 재투자하게 만듦.
신용 위험: 지급은 UBS AG의 지급 능력에 따르며, 노트는 FDIC 보험 대상이 아님.
유동성/평가: 거래소 상장 없음; 2차 시장은 UBS Securities LLC 재량에 따름. 수수료, 헤지 및 자금 조정으로 발행가가 예상 가치보다 높음.

예시 지급: 가상 예시는 (1) 3개월 후 콜 시 총 1% 수익; (2) 만기까지 보유하고 모든 지수가 장벽 이상일 경우 총 1% 수익; (3) 만기 시 최저 지수가 60% 하락하면 59.5% 손실을 보여줌.

투자자 적합성: 이 상품은 향상된 쿠폰을 원하는 투자자, 주식 연계 하락 위험, 조기 상환 및 UBS 신용 노출에 편안한 투자자에게 적합할 수 있습니다. 보장된 수익이나 원금 보호가 필요한 투자자에게는 적합하지 않습니다.

Présentation de l'offre : UBS AG commercialise des Notes à rendement conditionnel déclenchable, non subordonnées et non garanties, liées à la performance la plus faible parmi l'indice Nasdaq-100 (NDX), Russell 2000 (RTY) et S&P 500 (SPX). Les conditions préliminaires prévoient :

Montant principal : 1 000 $ par Note
Durée : environ 4 ans (Date de transaction 16 juil. 2025 → Échéance 19 juil. 2029), sous réserve d’un rappel par l’émetteur
Coupon conditionnel : 9,50 % par an (environ 7,9167 $ mensuels) versé uniquement lorsque le niveau de clôture de chaque indice est ≥ 70 % de son niveau initial (la « barrière du coupon ») à la date d’observation concernée
Rappel de l’émetteur : UBS peut racheter les Notes en totalité (pas partiellement) à toute date d’observation mensuelle après trois mois ; les investisseurs reçoivent alors la valeur nominale plus tout coupon dû
Protection : conditionnelle. Si non rappelées et que chaque indice est ≥ 70 % de son niveau initial à la date d’évaluation finale, les détenteurs reçoivent la valeur nominale. Si un quelconque indice est < 70 %, le remboursement = valeur nominale × (1 + rendement de l’indice le plus faible) et peut tomber à 0 $
Valeur initiale estimée : entre 930,90 $ et 960,90 $ (de 6,9 % à 3,9 % en dessous du prix d’émission), déterminée à l’aide des modèles internes UBS
Décote de souscription : jusqu’à 10 $ par Note ; UBS Securities LLC peut rétrocéder le montant total aux distributeurs tiers

Dates clés : Règlement le 21 juillet 2025 (T+3) ; première date possible de rappel le 21 oct. 2025 ; calendrier mensuel d’observation et de paiement des coupons ; date d’évaluation finale le 16 juillet 2029.

Points clés de risque :

Risque de marché : La performance dépend de l’indice boursier le plus faible parmi trois ; le manque de diversification peut entraîner une perte allant jusqu’à 100 % du capital.
Incertainité du coupon : Les coupons mensuels cessent si un indice clôture sous sa barrière à une date d’observation ; les périodes sans coupon coïncident avec un risque accru sur le capital.
Risque de rappel et de réinvestissement : UBS est plus susceptible de rappeler lorsque les coupons sont attractifs par rapport aux rendements du marché, limitant ainsi le potentiel de gain et forçant un réinvestissement à des taux potentiellement plus faibles.
Risque de crédit : Les paiements dépendent de la capacité de paiement d’UBS AG ; les Notes ne sont pas assurées par la FDIC.
Liquidité/valorisation : Pas de cotation en bourse ; le marché secondaire, s’il existe, est à la discrétion d’UBS Securities LLC. Le prix d’émission dépasse la valeur estimée en raison des frais, des couvertures et des ajustements de financement.

Exemples de paiements : Des exemples hypothétiques montrent (1) un rendement total de 1 % si rappelé après trois mois ; (2) un rendement total de 1 % si détenu jusqu’à l’échéance et que tous les indices sont au-dessus des barrières ; (3) une perte de 59,5 % si l’indice le plus faible chute de 60 % à l’échéance.

Adéquation pour les investisseurs : Ce produit peut convenir aux investisseurs recherchant des coupons améliorés, à l’aise avec un risque à la baisse lié aux actions, un remboursement anticipé et une exposition au crédit UBS. Il n’est pas adapté aux investisseurs nécessitant un revenu garanti ou une protection du capital.

Angebotsübersicht: Die UBS AG bietet unbesicherte, nicht nachrangige Trigger Callable Contingent Yield Notes an, die an den schlechtesten der Indizes Nasdaq-100 (NDX), Russell 2000 (RTY) und S&P 500 (SPX) gekoppelt sind. Die vorläufigen Bedingungen sehen vor:

Nennbetrag: 1.000 $ pro Note
Laufzeit: ca. 4 Jahre (Handelstag 16. Juli 2025 → Fälligkeit 19. Juli 2029), vorbehaltlich eines Emittentenrufs
Bedingter Kupon: 9,50 % p.a. (ca. 7,9167 $ monatlich), zahlbar nur wenn der Schlusskurs jedes Index am jeweiligen Beobachtungstag ≥ 70 % des Startwerts (die „Kupon-Barriere“) ist
Emittentenrückruf: UBS kann die Notes ab dem dritten Monat an jedem monatlichen Beobachtungstag ganz (nicht teilweise) zurückzahlen; Investoren erhalten dann den Nennwert plus etwaige fällige Kupons
Schutz: bedingt. Wird nicht zurückgerufen und ist jeder Index am finalen Bewertungstag ≥ 70 % des Anfangswerts, erhalten Anleger den Nennwert. Ist ein Index < 70 %, erfolgt die Rückzahlung = Nennwert × (1 + Rendite des schlechtesten Index) und kann bis auf 0 $ fallen
Geschätzter Anfangswert: 930,90 $ – 960,90 $ (6,9 % – 3,9 % unter Ausgabepreis), berechnet mit internen UBS-Modellen
Underwriting-Discount: bis zu 10 $ pro Note; UBS Securities LLC kann den vollen Betrag an Drittanbieter weitergeben

Wichtige Termine: Abwicklung 21. Juli 2025 (T+3); erster möglicher Rückzahlungstermin 21. Oktober 2025; monatliche Beobachtung/Kuponzahlungen danach; finaler Bewertungstag 16. Juli 2029.

Risikohighlights:

Marktrisiko: Die Performance wird vom schlechtesten der drei Aktienindizes bestimmt; fehlende Diversifikation kann zu einem Verlust von bis zu 100 % des Kapitals führen.
Kuponunsicherheit: Monatliche Kupons entfallen, wenn ein Index an einem Beobachtungstag unter seine Barriere schließt; kuponfreie Zeiträume gehen mit erhöhtem Kapitalrisiko einher.
Rückruf- und Reinvestitionsrisiko: UBS wird eher zurückrufen, wenn die Kupons im Vergleich zu Marktzinssätzen attraktiv sind, was die Aufwärtschancen begrenzt und eine Reinvestition zu möglicherweise niedrigeren Raten erzwingt.
Kreditrisiko: Zahlungen hängen von der Zahlungsfähigkeit der UBS AG ab; die Notes sind nicht FDIC-versichert.
Liquidität/Bewertung: Keine Börsennotierung; der Sekundärmarkt, falls vorhanden, liegt im Ermessen von UBS Securities LLC. Der Ausgabepreis liegt über dem geschätzten Wert aufgrund von Gebühren, Absicherung und Finanzierungskorrekturen.

Beispielhafte Auszahlungen: Hypothetische Beispiele zeigen (1) 1 % Gesamtrendite bei Rückruf nach drei Monaten; (2) 1 % Gesamtrendite bei Halt bis zur Fälligkeit und allen Indizes über den Barrieren; (3) 59,5 % Verlust, falls der schlechteste Index bei Fälligkeit um 60 % fällt.

Geeignetheit für Anleger: Das Produkt eignet sich für Anleger, die erhöhte Kupons suchen, mit einer aktienindexgebundenen Abwärtsrisiko, vorzeitiger Rückzahlung und UBS-Kreditrisiken umgehen können. Es ist nicht geeignet für Anleger, die garantierte Erträge oder Kapitalschutz benötigen.

Insights

TL;DR: High (9.5 %) contingent coupon but full equity downside, 70 % barrier, callable after 3 months; compensation for significant market and credit risk.

The Note is a classic high-coupon, high-risk yield alternative. A 70 % barrier on both coupon and principal offers moderate protection, yet history shows all three indices have breached that level in past bear cycles. Monthly observation frequency increases the probability of missed coupons. The 9.5 % rate is near the upper-quartile for four-year U.S. linked contingents, signalling elevated expected volatility and low cross-index correlation. Early-call optionality is entirely in UBS’s favour; in a flat or rising market, investors will likely be redeemed within the first year, truncating returns. Investors must weigh the 39–69 bps initial value discount, liquidity constraints and UBS senior unsecured credit.

TL;DR: Note holders rank pari passu with UBS senior debt; payment subject to Swiss resolution regime and potential bail-in.

While UBS carries high investment-grade ratings, the supplement reiterates FINMA’s broad bail-in powers. In a stress scenario, Notes could be written down or converted before senior deposits but after capital instruments. Investors should account for roughly 40–70 bp annual UBS senior CDS spreads when assessing relative value versus comparable bank paper.

Importo nominale: 1.000 $ per Nota
Durata: circa 4 anni (Data di negoziazione 16 lug 2025 → Scadenza 19 lug 2029), soggetta a richiamo da parte dell'emittente
Coupon contingente: 9,50% annuo (circa 7,9167 $ mensili) pagato solo se il livello di chiusura di ciascun indice è ≥ 70% del livello iniziale (la “barriera del coupon”) alla data di osservazione rilevante
Richiamo dell'emittente: UBS può rimborsare integralmente le Note (non parzialmente) in qualsiasi data di osservazione mensile dopo i primi tre mesi; gli investitori ricevono il valore nominale più eventuali coupon dovuti
Protezione: condizionata. Se non richiamate e ciascun indice è ≥ 70% del livello iniziale alla Data di Valutazione Finale, i titolari ricevono il valore nominale. Se qualunque indice è < 70%, il rimborso = valore nominale × (1 + rendimento dell'indice peggiore) e può scendere fino a 0 $
Valore iniziale stimato: da 930,90 $ a 960,90 $ (dal 6,9% al 3,9% sotto il prezzo di emissione), calcolato con modelli interni UBS
Sconto di sottoscrizione: fino a 10 $ per Nota; UBS Securities LLC può riconcedere l'intero importo ai dealer terzi

Date chiave: Regolamento 21 lug 2025 (T+3); prima possibile data di richiamo 21 ott 2025; calendario mensile di osservazione e pagamento coupon; Data di Valutazione Finale 16 lug 2029.

Rischi principali:

Rischio di mercato: La performance dipende dall'indice azionario peggiore tra tre; la mancanza di diversificazione può comportare una perdita fino al 100% del capitale.
Incertezza del coupon: I coupon mensili cessano se un indice chiude sotto la barriera in una data di osservazione; periodi senza coupon coincidono con un maggior rischio sul capitale.
Rischio di richiamo e reinvestimento: UBS ha maggiore probabilità di richiamare quando i coupon sono attraenti rispetto ai rendimenti di mercato, limitando il potenziale guadagno e costringendo a reinvestire a tassi potenzialmente inferiori.
Rischio di credito: I pagamenti dipendono dalla capacità di UBS AG di onorarli; le Note non sono assicurate FDIC.
Liquidità/valutazione: Nessuna quotazione in borsa; il mercato secondario, se presente, è a discrezione di UBS Securities LLC. Il prezzo di emissione supera il valore stimato a causa di commissioni, coperture e aggiustamenti di finanziamento.

Monto principal: 1,000 $ por Nota
Plazo: aproximadamente 4 años (Fecha de negociación 16 jul 2025 → Vencimiento 19 jul 2029), sujeto a llamada del emisor
Cupones contingentes: 9.50% anual (aprox. 7.9167 $ mensuales) pagados solo cuando el nivel de cierre de cada índice sea ≥ 70 % de su nivel inicial (la “barrera del cupón”) en la fecha de observación correspondiente
Llamada del emisor: UBS puede redimir las Notas en su totalidad (no parcialmente) en cualquier fecha de observación mensual después de tres meses; los inversores reciben el valor nominal más cualquier cupón adeudado
Protección: condicional. Si no se llama y cada índice es ≥ 70 % de su nivel inicial en la Fecha de Valoración Final, los titulares reciben el valor nominal. Si cualquier índice es < 70 %, el reembolso = valor nominal × (1 + rendimiento del índice con peor desempeño) y puede caer a $0
Valor inicial estimado: entre 930.90 $ y 960.90 $ (6.9 % – 3.9 % por debajo del precio de emisión) determinado mediante modelos internos de UBS
Descuento de suscripción: hasta 10 $ por Nota; UBS Securities LLC puede ceder el monto total a distribuidores externos

Fechas clave: Liquidación 21 jul 2025 (T+3); primera posible fecha de llamada 21 oct 2025; calendario mensual de observación y pago de cupones; Fecha de Valoración Final 16 jul 2029.

Aspectos de riesgo:

Riesgo de mercado: El rendimiento depende del peor de tres índices bursátiles; la falta de diversificación puede ocasionar una pérdida de hasta el 100 % del capital.
Incertidumbre del cupón: Los cupones mensuales cesan si algún índice cierra por debajo de su barra en una fecha de observación; los periodos sin cupones coinciden con mayor riesgo sobre el capital.
Riesgo de llamada y reinversión: UBS tiene más probabilidades de llamar cuando los cupones son atractivos en comparación con los rendimientos del mercado, limitando la ganancia potencial y obligando a reinvertir a tasas posiblemente más bajas.
Riesgo crediticio: Los pagos dependen de la capacidad de UBS AG para cumplir; las Notas no están aseguradas por la FDIC.
Liquidez/valoración: No cotizan en bolsa; el mercado secundario, si existe, queda a discreción de UBS Securities LLC. El precio de emisión supera el valor estimado debido a comisiones, coberturas y ajustes de financiamiento.

원금 금액: 노트당 1,000달러
기간: 약 4년 (거래일 2025년 7월 16일 → 만기 2029년 7월 19일), 발행자 콜 권한에 따름
조건부 쿠폰: 연 9.50% (월 약 7.9167달러)로, 관찰일에 각 지수의 종가가 초기 수준의 70% 이상(“쿠폰 장벽”)일 때만 지급
발행자 콜: UBS는 3개월 이후 매월 관찰일에 노트를 전액(부분 아님) 상환할 수 있으며, 투자자는 원금과 미지급 쿠폰을 수령
보호장치: 조건부. 콜이 없고 최종 평가일에 각 지수가 초기 수준의 70% 이상이면 투자자는 원금을 수령. 어느 지수라도 70% 미만이면 상환금 = 원금 × (최저 성과 지수 수익률)로 0달러까지 하락 가능
예상 초기 가치: 930.90달러 ~ 960.90달러 (발행가 대비 6.9% ~ 3.9% 낮음), UBS 내부 모델 사용 산출
인수 수수료: 노트당 최대 10달러; UBS Securities LLC는 제3자 딜러에게 전액 재할인 가능

주요 일정: 결제일 2025년 7월 21일 (T+3); 첫 콜 가능 결제일 2025년 10월 21일; 이후 매월 관찰 및 쿠폰 지급 일정; 최종 평가일 2029년 7월 16일.

주요 위험 사항:

시장 위험: 성과는 세 개 주가지수 중 최저 지수에 의해 결정되며, 분산 부족으로 원금의 최대 100% 손실 가능.
쿠폰 불확실성: 관찰일에 어느 지수라도 장벽 이하로 마감하면 월 쿠폰 지급 중단; 쿠폰 미지급 기간은 원금 위험 증가 시기와 일치.
콜 위험 및 재투자: UBS는 쿠폰이 시장 수익률 대비 매력적일 때 콜 가능성이 높아 상승 잠재력을 제한하고, 더 낮은 금리로 재투자하게 만듦.
신용 위험: 지급은 UBS AG의 지급 능력에 따르며, 노트는 FDIC 보험 대상이 아님.
유동성/평가: 거래소 상장 없음; 2차 시장은 UBS Securities LLC 재량에 따름. 수수료, 헤지 및 자금 조정으로 발행가가 예상 가치보다 높음.

Montant principal : 1 000 $ par Note
Durée : environ 4 ans (Date de transaction 16 juil. 2025 → Échéance 19 juil. 2029), sous réserve d’un rappel par l’émetteur
Coupon conditionnel : 9,50 % par an (environ 7,9167 $ mensuels) versé uniquement lorsque le niveau de clôture de chaque indice est ≥ 70 % de son niveau initial (la « barrière du coupon ») à la date d’observation concernée
Rappel de l’émetteur : UBS peut racheter les Notes en totalité (pas partiellement) à toute date d’observation mensuelle après trois mois ; les investisseurs reçoivent alors la valeur nominale plus tout coupon dû
Protection : conditionnelle. Si non rappelées et que chaque indice est ≥ 70 % de son niveau initial à la date d’évaluation finale, les détenteurs reçoivent la valeur nominale. Si un quelconque indice est < 70 %, le remboursement = valeur nominale × (1 + rendement de l’indice le plus faible) et peut tomber à 0 $
Valeur initiale estimée : entre 930,90 $ et 960,90 $ (de 6,9 % à 3,9 % en dessous du prix d’émission), déterminée à l’aide des modèles internes UBS
Décote de souscription : jusqu’à 10 $ par Note ; UBS Securities LLC peut rétrocéder le montant total aux distributeurs tiers

Points clés de risque :

Risque de marché : La performance dépend de l’indice boursier le plus faible parmi trois ; le manque de diversification peut entraîner une perte allant jusqu’à 100 % du capital.
Incertainité du coupon : Les coupons mensuels cessent si un indice clôture sous sa barrière à une date d’observation ; les périodes sans coupon coïncident avec un risque accru sur le capital.
Risque de rappel et de réinvestissement : UBS est plus susceptible de rappeler lorsque les coupons sont attractifs par rapport aux rendements du marché, limitant ainsi le potentiel de gain et forçant un réinvestissement à des taux potentiellement plus faibles.
Risque de crédit : Les paiements dépendent de la capacité de paiement d’UBS AG ; les Notes ne sont pas assurées par la FDIC.
Liquidité/valorisation : Pas de cotation en bourse ; le marché secondaire, s’il existe, est à la discrétion d’UBS Securities LLC. Le prix d’émission dépasse la valeur estimée en raison des frais, des couvertures et des ajustements de financement.

Nennbetrag: 1.000 $ pro Note
Laufzeit: ca. 4 Jahre (Handelstag 16. Juli 2025 → Fälligkeit 19. Juli 2029), vorbehaltlich eines Emittentenrufs
Bedingter Kupon: 9,50 % p.a. (ca. 7,9167 $ monatlich), zahlbar nur wenn der Schlusskurs jedes Index am jeweiligen Beobachtungstag ≥ 70 % des Startwerts (die „Kupon-Barriere“) ist
Emittentenrückruf: UBS kann die Notes ab dem dritten Monat an jedem monatlichen Beobachtungstag ganz (nicht teilweise) zurückzahlen; Investoren erhalten dann den Nennwert plus etwaige fällige Kupons
Schutz: bedingt. Wird nicht zurückgerufen und ist jeder Index am finalen Bewertungstag ≥ 70 % des Anfangswerts, erhalten Anleger den Nennwert. Ist ein Index < 70 %, erfolgt die Rückzahlung = Nennwert × (1 + Rendite des schlechtesten Index) und kann bis auf 0 $ fallen
Geschätzter Anfangswert: 930,90 $ – 960,90 $ (6,9 % – 3,9 % unter Ausgabepreis), berechnet mit internen UBS-Modellen
Underwriting-Discount: bis zu 10 $ pro Note; UBS Securities LLC kann den vollen Betrag an Drittanbieter weitergeben

Wichtige Termine: Abwicklung 21. Juli 2025 (T+3); erster möglicher Rückzahlungstermin 21. Oktober 2025; monatliche Beobachtung/Kuponzahlungen danach; finaler Bewertungstag 16. Juli 2029.

Risikohighlights:

Marktrisiko: Die Performance wird vom schlechtesten der drei Aktienindizes bestimmt; fehlende Diversifikation kann zu einem Verlust von bis zu 100 % des Kapitals führen.
Kuponunsicherheit: Monatliche Kupons entfallen, wenn ein Index an einem Beobachtungstag unter seine Barriere schließt; kuponfreie Zeiträume gehen mit erhöhtem Kapitalrisiko einher.
Rückruf- und Reinvestitionsrisiko: UBS wird eher zurückrufen, wenn die Kupons im Vergleich zu Marktzinssätzen attraktiv sind, was die Aufwärtschancen begrenzt und eine Reinvestition zu möglicherweise niedrigeren Raten erzwingt.
Kreditrisiko: Zahlungen hängen von der Zahlungsfähigkeit der UBS AG ab; die Notes sind nicht FDIC-versichert.
Liquidität/Bewertung: Keine Börsennotierung; der Sekundärmarkt, falls vorhanden, liegt im Ermessen von UBS Securities LLC. Der Ausgabepreis liegt über dem geschätzten Wert aufgrund von Gebühren, Absicherung und Finanzierungskorrekturen.

07/10/2025 - 10:17 AM

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
Estimated average burden
hours per response:			0.5

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^*

Cannon-Brookes Michael

(Last)

(First)

(Middle)

C/O ATLASSIAN CORPORATION

350 BUSH STREET, FLOOR 13

(Street)

SAN FRANCISCO

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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, Co-Founder

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	07/08/2025		S⁽¹⁾		3,853	D	$218.2221⁽²⁾	456,047	I	See Footnote⁽³⁾
Class A Common Stock	07/08/2025		S⁽¹⁾		410	D	$217.2098⁽⁴⁾	455,637	I	See Footnote⁽³⁾
Class A Common Stock	07/08/2025		S⁽¹⁾		50	D	$219.94	455,587	I	See Footnote⁽³⁾
Class A Common Stock	07/08/2025		S⁽¹⁾		3,352	D	$219.1053⁽⁵⁾	452,235	I	See Footnote⁽³⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2025.

2. This transaction was executed in multiple trades during the day at prices ranging from $217.68 to $218.60. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

3. Shares are held by CBC Co Pty Limited as trustee for the Cannon-Brookes Head Trust.

4. This transaction was executed in multiple trades during the day at prices ranging from $216.68 to $217.64. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

5. This transaction was executed in multiple trades during the day at prices ranging from $218.69 to $219.68. The weighted-average price is reported above. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

Remarks:

	/s/ Veena Bhatia, Attorney-in-Fact for Cannon-Brookes Michael	07/09/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What coupon rate do the UBS (WUCT) 424B2 notes offer?

The preliminary contingent coupon rate is 9.50 % per annum, paid monthly when all three indices close at or above 70 % of their initial levels.

When can UBS call the Trigger Callable Contingent Yield Notes?

UBS may redeem the Notes in whole on any monthly observation date beginning after three months; holders receive par plus any due coupon.

How much principal protection do these notes provide?

Protection is conditional; if, at maturity, any index is below 70 % of its initial level, repayment is reduced one-for-one with the worst index’s decline and can reach zero.

What is the estimated initial value versus the $1,000 issue price?

UBS estimates an initial value between $930.90 and $960.90, reflecting underwriting discount, hedging costs and internal funding adjustments.

Are the notes listed on an exchange?

No. The Notes will not be listed; any secondary trading depends on UBS Securities LLC acting as market-maker.

What indices underlie the notes and what are their barriers?

Nasdaq-100, Russell 2000 and S&P 500; each has a coupon barrier and downside threshold at 70 % of its trade-date level.

[Form 4] Atlassian Corporation Insider Trading Activity

Insights

FAQ

What coupon rate do the UBS (WUCT) 424B2 notes offer?

When can UBS call the Trigger Callable Contingent Yield Notes?

How much principal protection do these notes provide?

What is the estimated initial value versus the $1,000 issue price?

Are the notes listed on an exchange?

What indices underlie the notes and what are their barriers?

NASDAQ:TEAM

TEAM Rankings

TEAM Latest News

TEAM Latest SEC Filings

TEAM Stock Data

Trending News

[Form 4] Atlassian Corporation Insider Trading Activity

Insights

Structured Products Analyst neutral

Credit Risk Analyst neutral

FAQ

What coupon rate do the UBS (WUCT) 424B2 notes offer?

When can UBS call the Trigger Callable Contingent Yield Notes?

How much principal protection do these notes provide?

What is the estimated initial value versus the $1,000 issue price?

Are the notes listed on an exchange?

What indices underlie the notes and what are their barriers?

NASDAQ:TEAM

TEAM Rankings

TEAM Latest News

TEAM Latest SEC Filings

TEAM Stock Data