Atlassian board authorizes new $1.5B share buyback program

In September 2024, Atlassian’s (TEAM) Board of Directors authorized a new share repurchase program for up to $1.5B of Class A Common Stock, to commence following the completion of the $1B program previously authorized in January 2023. Under the program, which is designed to opportunistically return capital to shareholders, Atlassian may repurchase shares in the open market and enter into structured agreements with third parties.