Asana Inc SEC Filings

Sonalee E. Parekh, Chief Financial Officer of Asana, Inc. (ASAN), reported insider sales on September 22-23, 2025. The filings show a total of 258,350 shares sold: 194,976 shares on 09/22/2025 at a weighted average price of $14.171 in a sell-to-cover transaction to satisfy tax obligations from RSU vesting, and 63,374 shares on 09/23/2025 under a Rule 10b5-1 trading plan at a weighted average price of $14.3848 (individual sale prices ranged from $14.37 to $14.50).

Following these transactions the reporting person beneficially owned 1,076,693 shares. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on behalf of the reporting person.

Lacey Eleanor B, General Counsel and Corporate Secretary of Asana, Inc. (ASAN), reported two sales of Class A common stock in September 2025. On 09/22/2025 she sold 20,049 shares at a weighted average price of $14.171, reducing her holdings to 539,896 shares; that sale was executed pursuant to the issuer's sell-to-cover policy to satisfy tax obligations from RSU vesting. On 09/23/2025 she sold 10,570 shares under a Rule 10b5-1 trading plan at a weighted average price of $14.41, leaving 529,326 shares beneficially owned. The filing also notes acquisition of 652 shares through the 2020 Employee Stock Purchase Plan on 09/15/2025. The Form 4 was signed by an attorney-in-fact on 09/24/2025.

Asana, Inc. (ASAN) Form 4: Chief Operating Officer Anne Raimondi reported a sale of 28,026 shares of Class A common stock on 09/22/2025 at a reported price of $14.171 per share. The filing states the sale was effected under the issuer's sell-to-cover policy to satisfy tax obligations from the vesting and settlement of restricted stock units. After the reported transaction, Raimondi beneficially owned 862,469 shares of Class A common stock. The filing also notes she acquired 559 shares under Asana's 2020 Employee Stock Purchase Plan on 09/15/2025; that ESPP purchase is exempt from Rule 16b-3(c). The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Asana, Inc. (ASAN) submitted a Form 144 reporting a proposed sale of 10,570 common shares through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $152,630.80. The shares were reported as acquired on 09/20/2025 as Restricted Stock Units granted by the issuer and the reported planned sale date is 09/23/2025. The filer indicates no securities sold in the past three months and the filing is marked as LIVE.

Asana, Inc. (ASAN) notice reports a proposed sale of 63,374 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $915,120.56, to be sold on 09/23/2025 on the NYSE. The shares were acquired as restricted stock units and recorded as acquired and paid on 09/20/2025. The filer discloses prior 10b5-1 sales during the past three months: 1,884 shares sold on 07/01/2025 generating $25,557.03. The form includes the seller’s representation that they are not aware of undisclosed material adverse information and references reliance on a trading plan or instructions if applicable.

Asana, Inc. reported that management concluded a sublease will trigger impairment expenses of approximately $29 million to $32 million in the period ending October 31, 2025. The company describes this range as preliminary, unaudited, and subject to change as the quarter-end financial statements are completed and audited for the fiscal year ending January 31, 2026.

The company stated it does not expect material cash expenditures related to these impairment charges. The filing also contains standard forward-looking statements cautioning that actual results may differ because of risks and uncertainties and refers readers to the company’s SEC filings for additional risk factors.

Asana, Inc. presents condensed consolidated interim financials and disclosures for the quarter ended July 31, 2025. The company recognized $88.7 million of revenue (from amounts previously deferred) in the three months ended July 31, 2025, and $194.1 million for the six months ended July 31, 2025 that related to prior deferred balances. Remaining performance obligations totaled $507.3 million, with ~75% expected to be recognized within 12 months. Asana reported 770 customers spending >$100,000 (vs 649 prior year) and recorded its largest subscription agreement of $100.0 million over three years. The company recorded $6.7 million of restructuring charges related to a ~5% workforce reduction. Debt availability and liquidity include a November 2022 Senior Secured Credit Facility with $50.0 million drawn, $41.9 million outstanding, $21.7 million of letters of credit, and $78.3 million available revolving capacity as of July 31, 2025. Dollar-based net retention rates were 96% overall and 95% for >$100k customers for the period ended July 31, 2025.

Asana, Inc. (ASAN) director and >10% owner Dustin A. Moskovitz reported purchases of 122,470 shares of Class A common stock on 08/21/2025 at a weighted average price of $13.5213 per share under a Rule 10b5-1 trading plan adopted 09/05/2024. The filing discloses the purchase price range was $13.25 to $13.65 and that the shares are held of record by the Dustin A. Moskovitz Trust dated 12/27/2005. The Form 4 was executed by an attorney-in-fact on 08/25/2025.