[144] Asana, Inc. SEC Filing

Rhea-AI Filing Summary

Sun Communities, Inc. (SUI) – Form 4 filing (23 Jul 2025)

President John B. McLaren reported the award of 4,788 shares of SUI common stock on 21 Jul 2025 (Transaction Code A). The shares constitute restricted stock issued as a retention bonus tied to the company’s executive-level transition program. The award price is shown as $125.06 per share. Shares vest in five equal annual tranches: 958 on 21 Jul 2026, 958 on 21 Jul 2027, 958 on 21 Jul 2028, 957 on 21 Jul 2029 and 957 on 21 Jul 2030.

Following the grant, McLaren directly owns 77,856 SUI shares and indirectly holds 10 shares via an IRA. No derivative securities were reported. The filing reflects an incentive designed to retain key leadership through the CEO transition period and beyond; it does not reflect open-market buying or selling and has minimal immediate dilution given Sun Communities’ >100 million share count.

Positive

• Long-term vesting schedule ties executive compensation to multi-year performance, supporting management stability.
• Minimal dilution (≈0.004% of shares) limits shareholder impact.

Negative

• None.

Insights

Senior Equity Analyst

TL;DR: Routine insider grant; aligns leadership retention, negligible dilution, neutral share-price impact.

The 4,788-share restricted stock award equals ~0.004% of SUI’s outstanding shares, so dilution is immaterial. The multi-year vesting schedule incentivises McLaren to guide the firm through the CEO transition, which may reassure investors seeking continuity. Because it is a grant (not a purchase), it does not convey insider sentiment on valuation. Overall governance appears standard; no red flags or major capital-structure effects emerge.

Corporate Governance Specialist

TL;DR: Five-year vesting aligns executive retention with long-term performance; governance risk unchanged.

The filing confirms Sun Communities is using time-based equity to stabilise senior management. The step-down vesting from 2026-2030 mirrors best-practice retention plans, mitigating abrupt executive exits during strategic transition. No accelerated vesting or unusual perks are disclosed, keeping shareholder alignment intact. Impact on investors is therefore neutral.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	1500000	22545000.00	155760507	07/23/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/04/2009	Founders Shares	Issuer			1500000	02/04/2009	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for JUSTIN ROSENSTEIN 633 FOLSOM STREET SUITE 100 SAN FRANCISCO CA 94107	Common	07/22/2025	966576	14536529.78
10b5-1 Sales for JUSTIN ROSENSTEIN 633 FOLSOM STREET SUITE 100 SAN FRANCISCO CA 94107	Common	07/21/2025	195131	2928194.33
10b5-1 Sales for JUSTIN ROSENSTEIN 633 FOLSOM STREET SUITE 100 SAN FRANCISCO CA 94107	Common	07/18/2025	226600	3396598.04
10b5-1 Sales for JUSTIN ROSENSTEIN 633 FOLSOM STREET SUITE 100 SAN FRANCISCO CA 94107	Common	07/10/2025	25000	373750.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Sun Communities (SUI) shares did President John B. McLaren receive?

4,788 restricted shares were granted on 21 Jul 2025.

What is the vesting schedule for the new SUI restricted stock award?

Shares vest annually: 958 on 7/21/2026, 958 on 7/21/2027, 958 on 7/21/2028, 957 on 7/21/2029, and 957 on 7/21/2030.

Did McLaren buy or sell SUI shares on the open market?

No. The Form 4 reports an equity grant, not an open-market transaction.

What is McLaren’s total beneficial ownership after the transaction?

He now directly owns 77,856 shares and indirectly holds 10 shares in an IRA.

Does the filing include any derivative securities or options?

No derivative securities were reported in this Form 4.