[Form 4] Asana, Inc. Insider Trading Activity

Rhea-AI Filing Summary

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.

Insights

Securities Analyst

TL;DR: Officer sold shares via sell-to-cover to meet tax obligations; remaining holding substantial and transaction appears routine.

The sale of 28,026 shares at $14.171 per share is described as a sell-to-cover to satisfy tax liabilities arising from RSU vesting, which is a common, non-dispositive event for insiders. The post-transaction beneficial ownership of 862,469 shares indicates continued significant ownership aligned with typical insider retention. The separate acquisition of 559 shares through the ESPP on 09/15/2025 is recorded and noted as exempt under Rule 16b-3(c). There are no additional derivative transactions or unusual terms disclosed in the filing.

Corporate Governance Expert

TL;DR: Disclosure is standard and compliant; sale tied to tax settlement rather than open-market disposition for liquidity.

The Form 4 provides explicit rationale that the disposition was to cover tax obligations from RSU settlement, which typically falls within issuer policies and Rule 16 reporting expectations. The filing includes both the sale and a small ESPP purchase, and it is signed by an attorney-in-fact. No departures from normal reporting practice are evident and no material governance concerns are presented in the document itself.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Raimondi Anne

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

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	09/22/2025		S		28,026(1)	D	$14.171	862,469(2)	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. This sale reported on this Form 4 was effected pursuant to the Issuer's policy requiring sell-to-cover to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of certain Restricted Stock Units (RSUs).

2. Includes 559 additional shares of Class A Common Stock acquired under the Asana, Inc. 2020 Employee Stock Purchase Plan on September 15, 2025. This transaction is exempt from Rule 16b-3(c).

Remarks:

	/s/ Katie Colendich, Attorney-in-Fact	09/24/2025
	** 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).
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