STOCK TITAN

[Form 4] Asana, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Positive)
Form Type
4
Rhea-AI Filing Summary

Dustin A. Moskovitz, Asana’s co-founder, director and 10%+ owner, disclosed buying 450,000 Class A shares on 29-30 Jul 2025 via a Rule 10b5-1 plan. The two blocks were purchased at weighted-average prices of $15.2401 and $15.3242, totaling roughly $6.9 million.

After these trades his direct stake rises to 55,080,999 shares; he also controls 4,147,046 shares through a trust, for about 59.2 million beneficially owned. No derivative instruments were bought or sold.

While the incremental purchase is small relative to his existing position, additional buying by a founder-insider can be viewed as a confidence signal to investors. The filing does not alter fundamentals, guidance, or capital structure.

Dustin A. Moskovitz, cofondatore, direttore e proprietario di oltre il 10% di Asana, ha dichiarato l'acquisto di 450.000 azioni di Classe A nei giorni 29-30 luglio 2025 tramite un piano Rule 10b5-1. I due blocchi sono stati acquistati a prezzi medi ponderati di $15,2401 e $15,3242, per un totale di circa 6,9 milioni di dollari.

Dopo queste operazioni, la sua partecipazione diretta sale a 55.080.999 azioni; inoltre controlla 4.147.046 azioni tramite un trust, per un totale di circa 59,2 milioni di azioni di proprietà effettiva. Non sono stati acquistati o venduti strumenti derivati.

Pur essendo l'acquisto incrementale modesto rispetto alla sua posizione attuale, ulteriori acquisti da parte di un fondatore-insider possono essere interpretati come un segnale di fiducia per gli investitori. La comunicazione non modifica i fondamentali, le previsioni o la struttura del capitale.

Dustin A. Moskovitz, cofundador, director y propietario de más del 10% de Asana, reveló la compra de 450,000 acciones Clase A los días 29-30 de julio de 2025 mediante un plan Rule 10b5-1. Los dos bloques se adquirieron a precios promedio ponderados de $15.2401 y $15.3242, sumando aproximadamente $6.9 millones.

Tras estas operaciones, su participación directa aumenta a 55,080,999 acciones; además controla 4,147,046 acciones a través de un fideicomiso, para un total de aproximadamente 59.2 millones en propiedad beneficiaria. No se compraron ni vendieron instrumentos derivados.

Aunque la compra incremental es pequeña en relación con su posición actual, una compra adicional por parte de un fundador-insider puede interpretarse como una señal de confianza para los inversionistas. La presentación no altera los fundamentos, las previsiones ni la estructura de capital.

Dustin A. Moskovitz, Asana의 공동 창립자이자 이사이며 10% 이상의 지분을 보유한 주주가 2025년 7월 29~30일 Rule 10b5-1 계획을 통해 450,000 주의 클래스 A 주식을 매수했다고 공시했습니다. 두 차례의 매수는 각각 가중평균 가격 $15.2401$15.3242에 이루어졌으며, 총 약 690만 달러에 달합니다.

이 거래 후 그의 직접 보유 주식은 55,080,999 주로 증가했으며, 신탁을 통해 4,147,046 주를 추가로 통제하여 총 약 5920만 주를 실질적으로 소유하고 있습니다. 파생상품 거래는 없었습니다.

기존 보유 지분에 비해 이번 추가 매수는 크지 않지만, 창립자 내부자의 추가 매수는 투자자들에게 신뢰 신호로 해석될 수 있습니다. 이번 공시는 회사의 기본 사항, 가이던스 또는 자본 구조에 변화를 주지 않습니다.

Dustin A. Moskovitz, cofondateur, administrateur et détenteur de plus de 10 % d'Asana, a déclaré avoir acheté 450 000 actions de Classe A les 29 et 30 juillet 2025 via un plan Rule 10b5-1. Les deux blocs ont été acquis à des prix moyens pondérés de 15,2401 $ et 15,3242 $, pour un total d'environ 6,9 millions de dollars.

Après ces transactions, sa participation directe s’élève à 55 080 999 actions ; il contrôle également 4 147 046 actions via un trust, soit environ 59,2 millions d’actions détenues bénéficiairement. Aucun instrument dérivé n’a été acheté ou vendu.

Bien que cet achat supplémentaire soit modeste par rapport à sa position actuelle, un nouvel achat par un fondateur initié peut être perçu comme un signe de confiance pour les investisseurs. Cette déclaration ne modifie pas les fondamentaux, les prévisions ou la structure du capital.

Dustin A. Moskovitz, Mitgründer, Direktor und Eigentümer von über 10% von Asana, gab den Kauf von 450.000 Class-A-Aktien am 29. und 30. Juli 2025 über einen Rule 10b5-1-Plan bekannt. Die beiden Tranchen wurden zu gewichteten Durchschnittspreisen von $15,2401 und $15,3242 erworben, was insgesamt etwa 6,9 Millionen Dollar entspricht.

Nach diesen Käufen erhöht sich sein direkter Anteil auf 55.080.999 Aktien; außerdem kontrolliert er über einen Trust 4.147.046 Aktien, was eine wirtschaftliche Eigentümerschaft von etwa 59,2 Millionen Aktien ergibt. Es wurden keine Derivate gekauft oder verkauft.

Obwohl der zusätzliche Kauf im Verhältnis zu seiner bestehenden Position gering ist, kann ein weiterer Kauf durch einen Gründer-Insider als Vertrauenssignal für Investoren gewertet werden. Die Meldung ändert weder die Fundamentaldaten, noch die Prognosen oder die Kapitalstruktur.

Positive
  • Founder/10% owner purchased 450,000 shares, signaling continued confidence in Asana at ~$15 share price.
  • Total direct holdings increased to 55.1 million shares, reinforcing long-term alignment with public shareholders.
Negative
  • None.

Insights

TL;DR – Founder adds 450k shares; modest size yet positive insider signal.

Moskovitz’s $6.9 m purchase increases his direct stake by 0.8%. Given his outsized ownership, the buy is not material to control but does convey valuation conviction at the mid-teens price level. No derivatives, sales, or mixed signals appear, and the trade was pre-planned, lowering regulatory risk. Overall sentiment tilt: mildly bullish, fundamental impact: negligible.

TL;DR – Small incremental buy keeps insider accumulation trend intact; supportive for sentiment, not game-changing.

The market often discounts 10b5-1 purchases, yet founder activity still matters for momentum-driven names like ASAN. The 450k-share add represents roughly 0.9 days of average volume, so price impact should be limited. I view the filing as an incremental positive for positioning but would not revise valuation models on this alone.

Dustin A. Moskovitz, cofondatore, direttore e proprietario di oltre il 10% di Asana, ha dichiarato l'acquisto di 450.000 azioni di Classe A nei giorni 29-30 luglio 2025 tramite un piano Rule 10b5-1. I due blocchi sono stati acquistati a prezzi medi ponderati di $15,2401 e $15,3242, per un totale di circa 6,9 milioni di dollari.

Dopo queste operazioni, la sua partecipazione diretta sale a 55.080.999 azioni; inoltre controlla 4.147.046 azioni tramite un trust, per un totale di circa 59,2 milioni di azioni di proprietà effettiva. Non sono stati acquistati o venduti strumenti derivati.

Pur essendo l'acquisto incrementale modesto rispetto alla sua posizione attuale, ulteriori acquisti da parte di un fondatore-insider possono essere interpretati come un segnale di fiducia per gli investitori. La comunicazione non modifica i fondamentali, le previsioni o la struttura del capitale.

Dustin A. Moskovitz, cofundador, director y propietario de más del 10% de Asana, reveló la compra de 450,000 acciones Clase A los días 29-30 de julio de 2025 mediante un plan Rule 10b5-1. Los dos bloques se adquirieron a precios promedio ponderados de $15.2401 y $15.3242, sumando aproximadamente $6.9 millones.

Tras estas operaciones, su participación directa aumenta a 55,080,999 acciones; además controla 4,147,046 acciones a través de un fideicomiso, para un total de aproximadamente 59.2 millones en propiedad beneficiaria. No se compraron ni vendieron instrumentos derivados.

Aunque la compra incremental es pequeña en relación con su posición actual, una compra adicional por parte de un fundador-insider puede interpretarse como una señal de confianza para los inversionistas. La presentación no altera los fundamentos, las previsiones ni la estructura de capital.

Dustin A. Moskovitz, Asana의 공동 창립자이자 이사이며 10% 이상의 지분을 보유한 주주가 2025년 7월 29~30일 Rule 10b5-1 계획을 통해 450,000 주의 클래스 A 주식을 매수했다고 공시했습니다. 두 차례의 매수는 각각 가중평균 가격 $15.2401$15.3242에 이루어졌으며, 총 약 690만 달러에 달합니다.

이 거래 후 그의 직접 보유 주식은 55,080,999 주로 증가했으며, 신탁을 통해 4,147,046 주를 추가로 통제하여 총 약 5920만 주를 실질적으로 소유하고 있습니다. 파생상품 거래는 없었습니다.

기존 보유 지분에 비해 이번 추가 매수는 크지 않지만, 창립자 내부자의 추가 매수는 투자자들에게 신뢰 신호로 해석될 수 있습니다. 이번 공시는 회사의 기본 사항, 가이던스 또는 자본 구조에 변화를 주지 않습니다.

Dustin A. Moskovitz, cofondateur, administrateur et détenteur de plus de 10 % d'Asana, a déclaré avoir acheté 450 000 actions de Classe A les 29 et 30 juillet 2025 via un plan Rule 10b5-1. Les deux blocs ont été acquis à des prix moyens pondérés de 15,2401 $ et 15,3242 $, pour un total d'environ 6,9 millions de dollars.

Après ces transactions, sa participation directe s’élève à 55 080 999 actions ; il contrôle également 4 147 046 actions via un trust, soit environ 59,2 millions d’actions détenues bénéficiairement. Aucun instrument dérivé n’a été acheté ou vendu.

Bien que cet achat supplémentaire soit modeste par rapport à sa position actuelle, un nouvel achat par un fondateur initié peut être perçu comme un signe de confiance pour les investisseurs. Cette déclaration ne modifie pas les fondamentaux, les prévisions ou la structure du capital.

Dustin A. Moskovitz, Mitgründer, Direktor und Eigentümer von über 10% von Asana, gab den Kauf von 450.000 Class-A-Aktien am 29. und 30. Juli 2025 über einen Rule 10b5-1-Plan bekannt. Die beiden Tranchen wurden zu gewichteten Durchschnittspreisen von $15,2401 und $15,3242 erworben, was insgesamt etwa 6,9 Millionen Dollar entspricht.

Nach diesen Käufen erhöht sich sein direkter Anteil auf 55.080.999 Aktien; außerdem kontrolliert er über einen Trust 4.147.046 Aktien, was eine wirtschaftliche Eigentümerschaft von etwa 59,2 Millionen Aktien ergibt. Es wurden keine Derivate gekauft oder verkauft.

Obwohl der zusätzliche Kauf im Verhältnis zu seiner bestehenden Position gering ist, kann ein weiterer Kauf durch einen Gründer-Insider als Vertrauenssignal für Investoren gewertet werden. Die Meldung ändert weder die Fundamentaldaten, noch die Prognosen oder die Kapitalstruktur.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Moskovitz Dustin A.

(Last) (First) (Middle)
C/O ASANA, INC.
633 FOLSOM STREET, SUITE 100

(Street)
SAN FRANCISCO CA 94107

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Asana, Inc. [ ASAN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/29/2025 P(1) 225,000 A $15.2401(2) 54,855,999 D
Class A Common Stock 07/30/2025 P(1) 225,000 A $15.3242(3) 55,080,999 D
Class A Common Stock 4,147,046 I See footnote(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The purchases reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted September 5, 2024.
2. The reported price in Column 4 is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $14.98 to $15.44 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
3. The reported price in Column 4 is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $14.88 to $15.66 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
4. The shares are held of record by Dustin A. Moskovitz TTEE Dustin A. Moskovitz Trust DTD 12/27/05.
Remarks:
/s/ Katie Colendich, Attorney-in-Fact 07/31/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Asana (ASAN) shares did Dustin Moskovitz buy?

450,000 Class A shares were purchased across two days.

What prices did the ASAN insider pay for the shares?

Weighted-average prices were $15.2401 on 07/29/2025 and $15.3242 on 07/30/2025.

What is Moskovitz’s total ownership in Asana after the trade?

He holds 55,080,999 shares directly and 4,147,046 indirectly, about 59.2 million in total.

Was the purchase under a 10b5-1 trading plan?

Yes, the plan was adopted on September 5, 2024.

Were any derivative securities involved in the filing?

No derivative transactions were reported; only common stock purchases.
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3.61B
85.38M
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United States
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