4/A: Atlassian Director Jay Parikh Amends Filing to Correct Stock Grant Details After Board Departure

Jay Parikh, an Atlassian director, amended a previous SEC filing to correct the transaction date and number of securities granted, following his departure from the board on December 31, 2024.

Summary

• Jay Parikh, a director of Atlassian Corp, filed an amended Form 4 with the SEC.
• The amendment corrects the transaction date and the number of securities granted in a previous filing from December 6, 2024.
• The corrected transaction date is December 11, 2024.
• The filing concerns an award of 1,056 restricted stock units (RSUs) under Atlassian's 2015 Share Incentive Plan.
• These RSUs represent the contingent right to receive one share of Atlassian Class A common stock upon vesting.
• However, none of the RSUs vested because Parikh stepped down from the Atlassian board of directors on December 31, 2024, before the vesting date.
• Following the reported transaction, Parikh beneficially owns 25,816 shares of Atlassian Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing with no significant positive or negative implications.

Negatives

• The director, Jay Parikh, did not vest in the 1,056 restricted stock units due to stepping down from the board before the vesting date.

Industry Context

This filing is a routine disclosure related to executive compensation and changes in beneficial ownership, common in the technology industry.

Management Changes

Stakeholder Impact

• The non-vesting of RSUs has a minor negative impact on the departing director's compensation.

Key Dates