[Form 4] Asana, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 snapshot – Asana, Inc. (ASAN) | 18 Jun 2025 filing

Director Sydney Carey reported the grant of 13,089 Class A RSUs on 16 Jun 2025 (transaction code A). The award vests 100% on the earlier of 16 Jun 2026 or the next annual shareholder meeting, subject to continuous service. Following the grant, Carey’s direct beneficial ownership increases to 121,972 Class A shares. No sale of shares or cash transaction occurred; RSUs were issued at a deemed price of $0 as part of the company’s standard director compensation program.

• No other non-derivative or derivative transactions were reported.
• Form was signed by Attorney-in-Fact Katie Colendich on 18 Jun 2025.

The disclosure is routine, indicating ongoing equity-based alignment between the board member and shareholders without creating material dilution or signaling changes in company fundamentals.

Positive

• Increased director ownership: Carey’s stake rises to 121,972 shares, modestly strengthening governance alignment.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine RSU grant; reinforces director-shareholder alignment, immaterial to float.

The 13,089-share RSU grant represents less than 0.01% of Asana’s outstanding Class A shares and follows the company’s standard annual equity compensation schedule for directors. Such awards encourage long-term governance alignment but have no immediate financial or strategic impact on the firm. The single-year vesting structure is typical, incentivizing service through the next annual meeting. No red flags appear in terms of insider selling or unusual option structures. Overall impact to investors is negligible.

Securities Analyst

TL;DR: Non-cash, non-dilutive event; neutral for valuation and trading outlook.

This filing does not alter the investment thesis for ASAN. The incremental shares are already accounted for in dilution models under stock-based comp. Absence of sales suggests no negative insider sentiment, yet the volume is far too small to imply bullish conviction. I classify the event as not impactful to near-term price performance or consensus forecasts.

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^*

CAREY SYDNEY

(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	121,972	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

What did Asana (ASAN) disclose in the 18 Jun 2025 Form 4?

Director Sydney Carey received 13,089 RSUs on 16 Jun 2025, increasing her holdings to 121,972 Class A shares.

When do the newly granted RSUs to Sydney Carey vest?

The RSUs vest 100% on the earlier of 16 Jun 2026 or the next annual shareholder meeting.

Did the Form 4 report any insider sales for ASAN?

No. The filing only shows an equity grant; there were no dispositions of shares.

How many Asana shares does Sydney Carey now own after the grant?

She directly owns 121,972 Class A common shares.

Is the RSU grant material to Asana’s share count?

No. 13,089 shares represent a negligible fraction of Asana’s total outstanding shares.