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  4. [Form 4] Asana, Inc. Insider Trading Activity

Asana (ASAN) CFO Megji sells 13,239 shares under Rule 10b5-1 plan

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Asana, Inc. Chief Financial Officer Aziz Megji reported an open-market sale of 13,239 shares of Class A common stock at a weighted average price of $6.7287 per share. After this transaction, he directly holds 765,389 shares. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 23, 2026.

Positive

  • None.

Negative

  • None.

Insights

Planned, small-scale CFO share sale under a Rule 10b5-1 plan.

Asana CFO Aziz Megji sold 13,239 shares of Class A common stock at a weighted average price of $6.7287 per share. Following the sale, he continues to hold 765,389 shares directly, indicating that most of his equity exposure remains intact.

The transaction is coded as an open-market sale and was carried out under a pre-established Rule 10b5-1 trading plan adopted on March 23, 2026. Such plans are designed to schedule trades in advance, which typically makes the timing less informative about the insider’s current view of the stock.

The filing does not show any related option exercises or derivative trades, and derivative positions are listed as empty in this snapshot. Subsequent company filings may provide additional context if Mr. Megji adjusts his trading plan or materially changes his ownership level.

Insider Megji Aziz
Role Chief Financial Officer
Sold 13,239 shs ($89K)
Type Security Shares Price Value
Sale Class A Common Stock 13,239 $6.7287 $89K
Holdings After Transaction: Class A Common Stock — 765,389 shares (Direct, null)
Footnotes (1)
  1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted March 23, 2026. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $6.63 to $$6.86 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Shares sold 13,239 shares Open-market sale on June 24, 2026
Average sale price $6.7287 per share Weighted average price for reported sale
Shares held after sale 765,389 shares Direct Class A common stock holdings post-transaction
Net insider activity -13,239 shares Net-sell direction in transaction summary
Rule 10b5-1 plan adoption date March 23, 2026 Plan governing the reported sale
Transaction code S Sale in open market or private transaction
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted March 23, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
Class A Common Stock financial
"security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
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*
Megji Aziz
(Last)(First)(Middle)
633 FOLSOM ST. SUITE 100
(Street)
SAN FRANCISCO CALIFORNIA 94107
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Asana, Inc. [ ASAN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock06/24/2026S(1)13,239D$6.7287(2)765,389D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted March 23, 2026.
2. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $6.63 to $$6.86 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Remarks:
/s/ Katie Colendich, Attorney-in-Fact06/26/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Asana (ASAN) disclose for CFO Aziz Megji?

Asana disclosed that CFO Aziz Megji sold 13,239 shares of Class A common stock. The shares were sold in an open-market transaction at a weighted average price of $6.7287 per share, as reported in a Form 4 insider trading filing.

At what price did the Asana (ASAN) CFO sell his shares?

The CFO sold shares at a weighted average price of $6.7287 per share. The filing notes that sales occurred in multiple trades at different prices, and the reported figure represents the weighted average across those transactions.

How many Asana (ASAN) shares does the CFO hold after this Form 4 sale?

After the reported sale, CFO Aziz Megji directly holds 765,389 shares of Asana Class A common stock. This count reflects his position immediately following the 13,239-share open-market sale disclosed in the Form 4 filing.

Was the Asana (ASAN) CFO share sale under a Rule 10b5-1 trading plan?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan. That plan was adopted on March 23, 2026, meaning the trades were pre-arranged rather than timed at the executive’s sole discretion.

Does the Asana (ASAN) Form 4 show any option exercises or derivative trades?

No. The Form 4 reports only a non-derivative transaction involving Class A common stock. The derivative transaction summary is empty in this filing, indicating no options or other derivative securities were exercised or converted in the reported period.

What is the overall direction of insider activity in this Asana (ASAN) Form 4?

The overall direction is net selling, with 13,239 shares sold. The transaction summary in the filing shows one sale transaction, no purchases, and net-sell share activity of 13,239 shares for the reported period.