[Form 4] Asana, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Anson Funds Management LP and related entities filed Amendment No. 6 (exit filing) to their Schedule 13D on Nano Dimension Ltd. (NASDAQ: NNDM) dated 11 July 2025 and signed 14 July 2025.

The reporting group – Anson Funds Management LP, Anson Management GP LLC, Anson Advisors Inc., and individuals Tony Moore, Amin Nathoo and Moez Kassam – now report beneficial ownership of 9,057,952 ordinary shares (represented by the same number of ADSs), equivalent to 4.2 % of the 217,283,476 shares outstanding as of 30 April 2025. Because the ownership has fallen below the 5 % threshold, this amendment constitutes their final “exit” filing.

Key details:

• Voting / dispositive power: 0 shares sole; 9,057,952 shares shared (both voting and dispositive).
• Acquisition cost: approximately $24.87 million of fund working capital (exclusive of commissions) was used to purchase the ADSs through open-market transactions.
• Derivative exposure: The funds no longer hold the derivative agreements disclosed in the previous amendment.

The filing amends and restates Items 3 and 5(a)-(c), (e), and supplements Item 6 of the original Schedule 13D first filed 10 March 2023.

Positive

• Continued holding: Anson retains 9.06 million ADSs, showing ongoing financial commitment to NNDM.
• Position fully funded with working capital: Approximately $24.87 million invested, indicating capacity and willingness to deploy capital without leverage.

Negative

• Stake reduced below 5 %: Exit filing signals diminished activist influence and may be perceived as waning confidence.
• Derivative positions eliminated: Removal of prior derivatives could indicate a strategic pullback in engagement.

Insights

Financial Analyst

TL;DR: Anson’s stake drops to 4.2 %, triggering a final 13D exit; signals reduced activist leverage.

The amendment confirms Anson Funds now owns 9.06 million ADSs (4.2 %), down from the >5 % level that previously required a full Schedule 13D. Open-market purchases totaled roughly $24.9 million, implying an average cost near $2.75 per ADS. The exit filing means future ownership changes below 5 % will no longer mandate public 13D updates, potentially reducing transparency into Anson’s trading. Relinquishing prior derivative agreements also simplifies the position. For investors, the diminished stake could lessen perceived activist pressure on Nano Dimension’s board and strategy, a mild negative for shareholders expecting continued engagement.

Corporate Governance Expert

TL;DR: Exit filing ends Anson’s 13D obligations, lowering external governance scrutiny on NNDM.

By falling below the 5 % threshold, Anson Funds is no longer deemed a “beneficial owner” subject to continuous 13D amendments. The loss of formal activist status may ease pressure on Nano Dimension’s management regarding strategic initiatives and capital allocation previously highlighted by Anson. Investors tracking governance catalysts should note that future influence from Anson will now be informal and less visible. While the group still holds a meaningful minority stake, its ability to rally other shareholders could decline without the disclosure platform a 13D provides.

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^*

Rosenstein Justin

(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)
07/10/2025

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	07/10/2025		S(1)		25,000	D	$14.95	6,185,398	D

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 sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted March 18, 2025.

Remarks:

	/s/ Katie Colendich, Attorney-in-Fact	07/14/2025
	** 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 much of Nano Dimension (NNDM) does Anson Funds currently own?

The filing reports 9,057,952 ADSs, equal to 4.2 % of outstanding shares.

Why did Anson Funds file Amendment No. 6 to Schedule 13D?

Their ownership dropped below the 5 % threshold, requiring a final amendment and allowing them to exit 13D reporting.

What was the total cost of Anson’s NNDM purchases?

Approximately $24,869,497.71 in aggregate, excluding commissions.

Do the reporting persons still hold derivative agreements on NNDM?

No. All previously reported derivatives have been closed according to Item 6.

Will Anson Funds continue to file 13D updates on NNDM?

Not unless their ownership rises back above 5 %; this is their exit filing.