ASAN Files 4 with SEC

Rhea-AI Filing Summary

Asana, Inc.'s Chief Financial Officer reports December stock sales. The CFO, filing individually, disclosed two sales of Class A common stock. On 12/22/2025, 83,656 shares were sold at $14.31 per share, leaving 993,037 shares held directly after that transaction. On 12/23/2025, a further 24,888 shares were sold at $13.545 per share, bringing direct holdings to 968,149 shares.

The filing explains that the 12/22/2025 sale was required under Asana’s policy to sell shares to cover tax obligations from the vesting and settlement of restricted stock units. The 12/23/2025 sale was carried out under a Rule 10b5-1 trading plan adopted on March 12, 2025, indicating a pre-arranged, scheduled selling program.

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
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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).

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^*

Parekh Sonalee Elizabeth

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/22/2025

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	12/22/2025		S		83,656(1)	D	$14.31	993,037	D
Class A Common Stock	12/23/2025		S(2)		24,888	D	$13.545	968,149	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. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted March 12, 2025.

Remarks:

	/s/ Katie Colendich, Attorney-in-Fact	12/23/2025
	** 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

What insider activity did Asana (ASAN) disclose in this Form 4?

The Chief Financial Officer of Asana, Inc. reported selling Class A common stock in two transactions on 12/22/2025 and 12/23/2025, while continuing to hold a significant number of shares.

How many Asana (ASAN) shares did the CFO sell and at what prices?

The CFO sold 83,656 Class A shares on 12/22/2025 at $14.31 per share and 24,888 Class A shares on 12/23/2025 at $13.545 per share.

How many Asana (ASAN) shares does the CFO hold after these transactions?

Following the reported sales, the CFO beneficially owns 968,149 shares of Asana Class A common stock directly.

Why was the 83,656-share sale by the Asana (ASAN) CFO executed?

The filing states that the 83,656-share sale on 12/22/2025 was made under Asana’s policy requiring sell-to-cover transactions to satisfy tax obligations from vesting and settlement of certain RSUs.

Was any Asana (ASAN) insider selling done under a Rule 10b5-1 plan?

Yes. The 24,888-share sale on 12/23/2025 was executed under a Rule 10b5-1 trading plan that was adopted on March 12, 2025.

What is the reporting person’s role at Asana (ASAN)?

The reporting person is an officer of Asana, Inc., serving as its Chief Financial Officer, and filed the Form 4 as a single reporting person.