[Form 4] Asana, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Data Storage Corp. (DTST) filed a Form 4 showing insider activity by EVP, Director and 10 % owner Thomas Kempster on 08/04/2025.

• Options exercised: 16,666 shares at $2.00 and 9,804 shares at $1.96 (transaction code “M”).
• Total shares acquired: 26,470 common shares, paid in cash to the company.
• Post-exercise ownership: 865,582 DTST shares held directly.
• Derivative holdings remaining: 8,334 and 4,902 unexercised option shares.

No shares were sold in conjunction with the exercises, so Kempster’s equity stake increased. Because the purchases were made below prevailing market prices implied by the option grants, the filing may be interpreted as insider confidence, while the issuance of new shares adds a small amount of dilution.

Positive

• Insider buying: EVP/10 % owner purchased 26,470 shares, increasing direct stake to 865,582.
• No sales reported: Entire transaction was an acquisition, reinforcing confidence signal.

Negative

• Minor dilution: Issuance of 26,470 new shares slightly increases outstanding share count.

Insights

Securities Analyst

TL;DR: EVP exercised 26.5k options, boosting stake to 865k shares; generally positive insider signal.

Insider option exercises without simultaneous sales often reflect confidence in future share performance. Kempster now controls roughly 0.87 million shares, reinforcing his long-term alignment with shareholders. The exercised strike prices ($1.96–$2.00) are modest, suggesting the options were in-the-money. While the issuance is mildly dilutive, the 26,470 new shares represent a negligible fraction of DTST’s float, so balance-sheet impact is limited. Overall, the transaction is modestly positive for sentiment but not likely to move fundamentals.

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).

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^*

Cohler Matt

(Last) (First) (Middle)

C/O BENCHMARK

2965 WOODSIDE ROAD

(Street)

WOODSIDE CA 94062

(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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		A		574(1)	A	$0	54,418	D
Class A Common Stock								13,089(2)	D
Class A Common Stock								284,008	I	See footnote(3)
Class A Common Stock								236,921	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. These shares represent the Class A Common Stock that the Reporting Person elected to receive in lieu of cash compensation under the Issuer's Non-Employee Director Compensation Policy for the quarter ended July 31, 2025. The number of shares of Class A Common Stock received in lieu of cash was calculated based on the closing price of a share of Class A Common Stock on July 31, 2025.

2. Represents the grant of Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 100% of the RSUs will vest on the earlier of June 16, 2026 or the day of the next annual meeting of the stockholders, subject to the Reporting Person's continuous service through such date.

3. Shares held by Matthew Cohler's irrevocable trust entity.

4. Shares held by Matthew Cohler's second irrevocable trust entity.

Remarks:

	/s/ Katie Colendich, Attorney-in-Fact	08/05/2025
	** 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 DTST shares did EVP Thomas Kempster acquire on 08/04/2025?

He acquired 26,470 common shares through option exercises.

What prices were paid for the exercised options?

Options were exercised at $2.00 for 16,666 shares and $1.96 for 9,804 shares.

How many DTST shares does Kempster now own?

Following the transactions he holds 865,582 shares directly.

Were any shares sold in this Form 4 filing?

No, the filing shows only acquisitions; no shares were sold.

Does Kempster still have unexercised DTST options?

Yes, 8,334 and 4,902 option shares remain unexercised from the same grants.