Asana (ASAN) director Lorrie N. Norrington takes fees in 1,432 shares

Rhea-AI Filing Summary

Asana, Inc. director Lorrie M. Norrington received 1,432 shares of Class A Common Stock on February 2, 2026 as stock compensation in lieu of cash fees for the quarter ended January 31, 2026. The award was valued using Asana’s closing share price on January 30, 2026 and was granted at a price of $0 per share to the director.

Under Asana’s Directors’ Deferred Compensation Plan, Norrington elected to defer receipt of these shares to a future date according to her plan election. Following this transaction, she beneficially owned 142,223 Class A shares directly. An additional 2,295 Class A shares were held indirectly through Norrington Advisory Services, LLC.

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

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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).

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^*

NORRINGTON LORRIE M

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

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

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	02/02/2026		A		1,432(1)	A	$0	142,223	D
Class A Common Stock								2,295	I	See footnote(2)

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 January 31, 2026. 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 January 30, 2026. Pursuant to the Issuer's Directors' Deferred Compensation Plan, the Reporting Person elected to defer the receipt of such shares to a future date in accordance with the terms of such plan and the Reporting Person's plan election.

2. The shares are held of record by Norrington Advisory Services, LLC.

Remarks:

	/s/ Katie Colendich, Attorney-in-Fact	02/04/2026
	** 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

What did Asana (ASAN) director Lorrie Norrington report in this Form 4?

Asana director Lorrie M. Norrington reported receiving 1,432 Class A shares on February 2, 2026 as stock compensation in lieu of cash director fees for the quarter ended January 31, 2026, based on the January 30, 2026 closing share price.

Was the Asana (ASAN) Form 4 transaction a stock purchase or compensation grant?

The Form 4 reflects a compensation grant, not an open-market purchase. Norrington elected to receive 1,432 Class A shares instead of cash under Asana’s Non-Employee Director Compensation Policy, with the share amount determined using the January 30, 2026 closing stock price.

How many Asana (ASAN) shares does Lorrie Norrington beneficially own after this filing?

After the reported transaction, Norrie M. Norrington beneficially owned 142,223 Asana Class A shares directly. An additional 2,295 Class A shares were reported as indirectly owned through Norrington Advisory Services, LLC, as noted in the Form 4 footnotes.

What is the role of Norrington Advisory Services, LLC in Asana (ASAN) share ownership?

The Form 4 states that 2,295 Class A shares are held of record by Norrington Advisory Services, LLC. These shares are reported as indirectly owned by Lorrie M. Norrington, with the LLC identified in the footnote as the record holder of that block of shares.

Did Lorrie Norrington defer her Asana (ASAN) stock compensation?

Yes. The filing explains that, under Asana’s Directors’ Deferred Compensation Plan, Norrington elected to defer receipt of the 1,432 Class A shares to a future date, in line with the plan’s terms and her individual deferral election for that quarter’s compensation.

How was the number of Asana (ASAN) shares for Norrington’s fee compensation determined?

The 1,432-share award was calculated by dividing her quarterly cash director fees by Asana’s Class A Common Stock closing price on January 30, 2026. This conversion method is described in the Form 4 footnote covering the stock received in lieu of cash compensation.