Asana (NYSE: ASAN) co-founder Justin Rosenstein files Form 144 to sell 8,215 shares
Rhea-AI Filing Summary
Asana insider Justin Rosenstein has filed a notice to sell 8,215 shares of Asana common stock under SEC Rule 144. The planned sale, through Morgan Stanley Smith Barney LLC on the NYSE, has an aggregate market value of $116,488.70 based on the figures provided, with an approximate sale date of 12/08/2025. The filing states that Asana had 157,538,321 common shares outstanding at the time referenced in the notice.
The 8,215 shares to be sold were originally acquired on 02/04/2009 as founder shares from the issuer, with the same date shown for payment. The form also lists prior sales during the last three months under a Rule 10b5-1 trading plan for Justin Rosenstein, including a sale of 1,199,560 common shares on 10/09/2025 for gross proceeds of $18,274,816.78. By signing the notice, the seller represents that he does not know of any material adverse nonpublic information about Asana.
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FAQ
What does the Form 144 filing for ASAN disclose?
The Form 144 filing discloses that Justin Rosenstein plans to sell 8,215 shares of Asana common stock under Rule 144. The shares are to be sold through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $116,488.70 and an approximate sale date of 12/08/2025.
How many Asana (ASAN) shares are outstanding according to this notice?
The notice states that there were 157,538,321 shares of Asana common stock outstanding at the time referenced in the filing. This figure is provided as context alongside the planned Rule 144 sale.
When and how did Justin Rosenstein acquire the ASAN shares being sold?
The 8,215 shares of Asana common stock to be sold were acquired on 02/04/2009 as founders shares from the issuer. The table shows the amount acquired as 8,215 shares with the date of payment also listed as 02/04/2009.
What prior ASAN stock sales by Justin Rosenstein are listed in the last 3 months?
The filing lists several Rule 10b5-1 sales of Asana common stock for Justin Rosenstein during the past three months, including a sale of 1,199,560 shares on 10/09/2025 for gross proceeds of $18,274,816.78, as well as additional sales on 10/08/2025, 10/10/2025, 10/21/2025, and 10/24/2025.
What representations does the seller make in this ASAN Form 144 filing?
By signing the notice, the person for whose account the securities are to be sold represents that they do not know any material adverse information about the current or prospective operations of the issuer that has not been publicly disclosed. The form also warns that intentional misstatements or omissions may constitute federal criminal violations.
Which broker is handling the planned Rule 144 sale of ASAN shares?
The planned sale of 8,215 shares of Asana common stock is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004, with the securities listed on the NYSE.