4/A: Atlassian Director Sasan K. Goodarzi Amends Filing to Correct Transaction Date and Securities Granted

Sasan K. Goodarzi, an Atlassian director, amended a previous SEC filing to correct the transaction date and number of securities granted related to restricted stock units.

Summary

• Atlassian director Sasan K. Goodarzi filed an amended Form 4 with the SEC.
• The amendment corrects an error in the original filing regarding the transaction date and the number of securities granted.
• The corrected filing shows a transaction date of December 11, 2024, for the acquisition of 1,056 shares of Class A Common Stock.
• These shares were acquired through an award of restricted stock units under Atlassian's Amended and Restated 2015 Share Incentive Plan.
• Following the reported transaction, Goodarzi beneficially owns 17,150 shares of Class A Common Stock directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a correction of information and adherence to regulatory requirements. It doesn't indicate any negative performance or concerns.

Positives

• The filing provides transparency regarding the director's holdings in Atlassian.
• The correction of the error ensures accurate information is available to investors.

Industry Context

This filing is a routine disclosure related to insider transactions, which is a common practice for publicly traded companies like Atlassian. It allows investors to track the ownership changes of company insiders.

Comparison to Industry Standards

• Tracking insider transactions is standard practice across publicly listed companies.
• Companies like Microsoft, Alphabet, and Amazon also have similar filings when their executives or directors trade company stock or receive stock-based compensation.
• The reporting requirements are governed by Section 16 of the Securities Exchange Act of 1934, ensuring transparency in insider dealings.

Stakeholder Impact

• The amended filing ensures that shareholders have accurate information regarding insider ownership.
• This transparency can help maintain investor confidence.

Key Dates