Adam D’Angelo takes Asana (NYSE: ASAN) board fees in 731 shares

Rhea-AI Filing Summary

Asana director Adam D’Angelo received 731 shares of Class A Common Stock on February 2, 2026 as stock compensation instead of cash for board service. The shares were issued under Asana’s Non-Employee Director Compensation Policy for the quarter ended January 31, 2026, based on the January 30, 2026 closing share price.

After this transaction, D’Angelo directly owned 57,569 Asana Class A shares. An additional 1,078,170 Class A shares were held indirectly through the Adam D'Angelo Revocable Trust dated March 13, 2008, where he serves as trustee.

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

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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^*

D'Angelo Adam

(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		731(1)	A	$0	57,569	D
Class A Common Stock								1,078,170	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.

2. The shares are held of record by Adam D'Angelo Trustee Adam D'Angelo Revocable Trust Dtd 3/13/08.

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 insider transaction did Asana (ASAN) report for Adam D’Angelo?

Asana reported that director Adam D’Angelo received 731 shares of Class A Common Stock on February 2, 2026. These shares were issued as stock compensation in lieu of cash under Asana’s Non-Employee Director Compensation Policy for the quarter ended January 31, 2026.

Why did Adam D’Angelo receive 731 Asana (ASAN) shares at $0 per share?

The 731 Asana shares reflect board compensation paid in stock instead of cash, so the Form 4 lists a price of $0. The number of shares was calculated using Asana’s closing Class A price on January 30, 2026 for the quarter ended January 31, 2026.

How many Asana (ASAN) shares does Adam D’Angelo own directly after this Form 4?

Following the February 2, 2026 award, Adam D’Angelo directly owned 57,569 shares of Asana Class A Common Stock. This reflects the addition of 731 shares received as stock compensation under the Non-Employee Director Compensation Policy for the referenced quarter.

What indirect Asana (ASAN) holdings are associated with Adam D’Angelo’s trust?

The Form 4 shows 1,078,170 Asana Class A shares held indirectly through the Adam D'Angelo Revocable Trust dated March 13, 2008. The shares are held of record by Adam D'Angelo as trustee of that revocable trust, according to the filing’s footnote disclosure.

What is the significance of the quarter ended January 31, 2026 in Adam D’Angelo’s Asana filing?

The quarter ended January 31, 2026 determines the board compensation period for which Adam D’Angelo elected stock instead of cash. His 731 Asana shares were issued under the Non-Employee Director Compensation Policy covering that quarter, using the January 30, 2026 closing share price.

What role does Adam D’Angelo hold at Asana (ASAN) in this Form 4?

In this Form 4, Adam D’Angelo is listed as a director of Asana. The reported transaction reflects his election to receive part of his non-employee director compensation in Class A Common Stock rather than cash for a completed fiscal quarter.