Form 4: Atlassian Director Goodarzi Receives RSU Award

Atlassian Corporation's Director, Sasan K Goodarzi, was granted 1,885 restricted stock units, increasing his direct beneficial ownership to 19,035 Class A Common Stock.

Summary

• Sasan K Goodarzi, a Director of Atlassian Corporation (TEAM), was awarded 1,885 shares of Class A Common Stock in the form of restricted stock units (RSUs).
• The transaction date for this award was December 2, 2025.
• The RSUs were granted at a price of $0.00 per unit, indicating an award rather than a purchase.
• Following this transaction, Sasan K Goodarzi directly beneficially owns 19,035 shares of Atlassian Class A Common Stock.
• The RSUs were awarded under the Atlassian Amended and Restated 2015 Share Incentive Plan.
• Each RSU represents the contingent right to receive one share of Class A common stock upon vesting, which will occur according to the terms of the underlying award.

Sentiment

Score: 6

Explanation: This filing reports a routine equity award to a director, which is generally viewed as a neutral to slightly positive event as it aligns management's interests with shareholders. It does not indicate significant operational or financial performance changes.

Positives

• The grant of restricted stock units to a director aligns their interests with those of long-term shareholders, encouraging a focus on company performance and value creation.

Future Outlook

The restricted stock units will vest in accordance with the specific terms of the underlying award agreement, leading to the future issuance of Class A common stock.

Industry Context

The granting of equity awards, such as restricted stock units, to non-employee directors is a standard practice within the technology industry. This compensation structure is widely adopted to attract and retain qualified board members while incentivizing them to contribute to the company's long-term success and shareholder value.

Comparison to Industry Standards

• Granting of restricted stock units to non-employee directors is a common practice across publicly traded technology companies, aligning director incentives with long-term shareholder value.
• While specific grant sizes vary by company and director role, this type of equity compensation is a standard component of director remuneration packages in the industry.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of RSUs to a director helps align the director's financial interests with those of shareholders, potentially fostering decisions that enhance long-term shareholder value.

Next Steps

• The restricted stock units will vest according to their specific terms, at which point the underlying Class A common stock will be issued.

Key Dates

Keywords

Atlassian, TEAM, Form 4, Restricted Stock Units, RSU, Insider Transaction, Director Compensation, Equity Award, Sasan K Goodarzi