Asana Form 4: Andrew Lindsay Granted 13,089 RSUs on Jun-16-25

Rhea-AI Filing Summary

Asana, Inc. (ASAN) filed a Form 4 disclosing that director Andrew Lindsay received 13,089 Restricted Stock Units (RSUs) on 16 June 2025. The award was reported under transaction code “A,” indicating a grant with no cash consideration. Following the transaction, Lindsay directly owns 50,380 Class A common shares.

All of the RSUs will vest 100% on the earlier of 16 June 2026 or the date of Asana’s next annual shareholder meeting, assuming the director remains in continuous service. No derivative securities were exercised or disposed of, and no sale transactions occurred. The filing represents routine director compensation and results in a small incremental dilution to existing shareholders.

Insights

Financial Analyst

TL;DR: Routine RSU grant to director; immaterial dilution and neutral market impact.

The Form 4 shows a standard equity award of 13,089 RSUs to director Andrew Lindsay, increasing his direct holdings to 50,380 shares. The award is scheduled to vest in one year or at the next AGM, aligning the director’s incentives with shareholder interests. No cash transaction or derivative activity occurred, and the size of the grant is immaterial relative to Asana’s ~215 million shares outstanding, implying negligible EPS or ownership dilution. Therefore, the filing is largely administrative with limited investment significance.

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).

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^*

Lindsay Andrew

(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)
06/16/2025

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	06/16/2025		A		13,089(1)	A	$0	50,380	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. 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.

Remarks:

	/s/ Katie Colendich, Attorney-in-Fact	06/18/2025
	** 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 Asana (ASAN) shares did director Andrew Lindsay receive?

He was granted 13,089 RSUs, each convertible into one Class A common share upon vesting.

When will the newly granted RSUs to Andrew Lindsay vest?

The RSUs vest 100% on 16 June 2026 or on the day of the next annual shareholder meeting, whichever comes first.

What is Andrew Lindsay’s total direct ownership after the transaction?

Following the grant, Lindsay directly owns 50,380 Class A shares of Asana.

Was this Form 4 transaction a purchase or a sale of Asana shares?

Neither; it was an RSU grant (code “A”) with no cash consideration and no share sales.

Does the filing indicate any derivative security activity?

No, Table II shows no derivative securities acquired or disposed of in this filing.