Scott Belsky
Director at TEAM
Board
About Scott Belsky
Independent director of Atlassian (TEAM) since 2024; age 44 in the 2024 proxy and 45 in the 2025 proxy. Currently a member of the Compensation and Leadership Development Committee (CLDC); Board determined him to be independent under Nasdaq standards. Background includes senior product and strategy leadership at Adobe, entrepreneurship/co-founding Behance, and venture investing; education includes BS from Cornell and MBA from Harvard Business School.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Adobe, Inc. | Chief Strategy Officer; EVP, Design & Emerging Products; former Chief Product Officer | CSO noted in 2024 proxy; former CPO 2017–2023 | Led development of Creative Cloud products; launched Adobe Express; drove 3D & Immersive products; content authenticity initiative |
| Behance LLC | CEO & Founder | 2006–2012 | Built world’s largest creative community; acquired by Adobe in 2012 |
| Adobe (prior roles) | Head of Behance & VP Products, Creative Cloud | 2012–2016 | Product leadership across Creative Cloud |
| Benchmark | Venture Investor | 2016–2017 | Early-stage investing experience |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| A24 | Partner | 2025–Present | Joined A24 as partner per 2025 proxy |
| Cornell University | Advisory Board, Entrepreneurship Program | Not disclosed | Advisory role |
| Museum of Modern Art (MoMA) | Board of Trustees | Not disclosed | Trustee |
| Various | Advisor (Pinterest, Uber, Airtable) | Not disclosed | Product/design advisor |
Board Governance
- Committee assignments: CLDC member; all committee members independent. CLDC held 4 meetings in FY2024 and 3 in FY2025. Chair of CLDC is Sasan Goodarzi; Belsky served alongside Brown and (variously) Parikh/Warner.
- Independence: Board determined Belsky and a majority of directors to be independent; all standing committees are fully independent.
- Attendance: Board met 10 times in FY2024 and 9 times in FY2025; each director attended at least 75% of Board and applicable committee meetings. Directors are encouraged but not required to attend annual meetings; none of the then-current directors attended the 2024 annual meeting (two attended in 2023).
- Leadership: Independent Board Chair; executive sessions of independent directors occur quarterly.
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer (Board) | $55,000 | Non-employee director cash retainer |
| Independent Board Chair retainer | $50,000 | Applies to Chair (not Belsky) |
| Committee Chair retainers | Audit: $20,000; CLDC: $15,000; Nominating: $10,000 | Chair fees only (not Belsky) |
| Meeting fees | None | No meeting attendance fees; reasonable expenses reimbursed |
| FY2025 cash paid (Belsky) | $50,417 | Pro-rated from Aug 1, 2024 appointment to next AGM |
| FY2024 cash paid (Belsky) | — | Appointed Aug 1, 2024; did not serve in FY2024 |
Performance Compensation
| Component | Amount/Terms | Vesting | Notes |
|---|---|---|---|
| Annual RSU award (FY2025 policy) | $290,000 value | Vests in full on earlier of one-year from grant or next AGM; subject to continued service | Reviewed annually with independent consultant Semler Brossy |
| Annual RSU award (FY2024 policy) | $265,000 value; increased to $290,000 effective July 1, 2024 | Same vesting terms | Policy updated to remain competitive |
| Change of control | 100% accelerated vesting for non-employee director RSUs upon sale of company | Immediate upon sale | As per non-employee director arrangements |
| FY2025 stock award (Belsky) | $290,030 | Annual RSU grant; pro-rated cycle reflected in total compensation | |
| Unvested director RSUs (as of 6/30/2025) | 1,056 RSUs (each current non-employee director, except Dykstra, Smith, Warner) | Quarterly vesting | Belsky included in this group |
Other Directorships & Interlocks
| Item | Status | Notes |
|---|---|---|
| Other public company boards | None | “Other Public Company Boards: 0” per director slate |
| Compensation committee interlocks | None | No issuer executive officer serves on boards/comp committees of companies with execs on Atlassian’s Board/CLDC |
Expertise & Qualifications
- Deep strategy and product expertise from Adobe leadership (CSO/CPO) and Behance founding; recognized thought leader in product/design and AI.
- Skill matrix highlights technologist, sales/marketing, enterprise software industry experience, and strategy/M&A/venture capital exposure.
Equity Ownership
| Date | Security | Amount | % Ownership | Source |
|---|---|---|---|---|
| Aug 1, 2024 (Form 3) | Initial statement | No securities beneficially owned | — | |
| Sept 30, 2025 (Security Ownership Table) | Class A common | 2,033 shares | <1% | |
| As of 6/30/2025 | Unvested RSUs | 1,056 | — |
- Director stock ownership guideline: hold Atlassian stock with fair market value ≥ $265,000; compliance within four years from initial appointment.
- Hedging/pledging: prohibited without Audit Committee approval under Insider Trading and Disclosure Policy.
Insider Trades
| Filing | Date | Key Disclosure |
|---|---|---|
| Form 3 (Initial Statement) | 2024-08-01 | “No securities are beneficially owned.” |
Related Party Transactions & Potential Conflicts
- Appointment 8-K: no related party transactions requiring Item 404(a) disclosure; ordinary-course arm’s-length contracts with Adobe; Belsky has no direct/indirect material interest; future transactions subject to related party policy. Standard indemnification agreement to be executed.
- Related person transaction policy overseen by Audit Committee; arms-length terms required and transactions evaluated for stockholder interests.
Governance Assessment
- Positives: Independent status; service on fully independent CLDC; strong director ownership guidelines; simple, transparent director pay with equity alignment; Semler Brossy engaged independently for compensation design benchmarking; robust clawback policy for Section 16 officers; hedging/pledging restricted.
- Watch items: FY2025 disclosure notes none of the then-current directors attended the 2024 annual meeting (company does not mandate attendance); monitor any Adobe-related commercial engagements under the related party policy; confirm timely Form 4 reporting of RSU vesting going forward.
Director Compensation (FY2025)
| Metric | Amount ($) |
|---|---|
| Cash retainer (earned) | 50,417 |
| Stock award (grant-date fair value) | 290,030 |
| Total | 345,030 |
Say-on-Pay & Shareholder Feedback (context)
- 2024 say-on-pay support: approximately 97.6% of votes cast in favor; company continues annual advisory vote cadence.
Notes
- Committee meetings (FY2024/FY2025): CLDC 4/3; Audit 8 in FY2025; Nominating 2/3.
- AGM voting (2024): Belsky elected with 1,119,074,963 votes for, 630,666 against.
Overall, Belsky’s profile and CLDC role signal product/AI expertise and compensation governance engagement; independence, director equity alignment, and restricted hedging/pledging support investor confidence. The primary potential conflict—Adobe relationships—has explicit disclosure of ordinary-course dealings and no material interest, with audit oversight via related-party policy.