Asana (ASAN) director Lorrie N. takes 2,323-share grant instead of cash
Rhea-AI Filing Summary
NORRINGTON LORRIE M reported acquisition or exercise transactions in this Form 4 filing.
Asana, Inc. director Lorrie M. Norrington reported receiving additional Class A Common Stock as part of her board compensation. On May 1, 2026, she was granted 2,323 shares of Class A Common Stock at a stated price of $0.00 per share, received in lieu of cash compensation for the quarter ended April 30, 2026.
The number of shares was calculated using the closing share price on April 30, 2026, and she elected to defer receipt of these shares under Asana's Directors' Deferred Compensation Plan. Following the grant, she directly holds 144,546 Class A shares, and an additional 2,295 shares are held indirectly through Norrington Advisory Services, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,323 shares
Net Buy
2 txns
Insider
NORRINGTON LORRIE M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,323 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 144,546 shares (Direct);
Class A Common Stock — 2,295 shares (Indirect, See footnote)
Footnotes (2)
- F1. 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 April 30, 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 April 30, 2026. Pursuant to the Issuer's Directors' Deferred Compensation Plan, the Reporting Person elected to defer the receipt of such shares to a future date in accordance with the terms of such plan and the Reporting Person's plan election.
- F2. The shares are held of record by Norrington Advisory Services, LLC.
Key Figures
Shares granted: 2,323 shares
Grant price per share: $0.00 per share
Direct holdings after grant: 144,546 shares
+2 more
5 metrics
Shares granted
2,323 shares
Class A Common Stock grant in lieu of cash for quarter ended April 30, 2026
Grant price per share
$0.00 per share
Stated transaction price for 2,323-share stock grant
Direct holdings after grant
144,546 shares
Class A Common Stock directly held by Lorrie Norrington after transaction
Indirect holdings
2,295 shares
Class A Common Stock held of record by Norrington Advisory Services, LLC
Quarter covered
Quarter ended April 30, 2026
Period for which compensation was taken in stock
Key Terms
Non-Employee Director Compensation Policy, Directors' Deferred Compensation Plan, Class A Common Stock, grant, award, or other acquisition, +1 more
5 terms
Non-Employee Director Compensation Policy financial
"under the Issuer's Non-Employee Director Compensation Policy for the quarter ended April 30, 2026"
Directors' Deferred Compensation Plan financial
"Pursuant to the Issuer's Directors' Deferred Compensation Plan, the Reporting Person elected to defer the receipt"
Class A Common Stock financial
"These shares represent the Class A Common Stock that the Reporting Person elected to receive in lieu of cash compensation"
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.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
indirect ownership financial
"The shares are held of record by Norrington Advisory Services, LLC."
FAQ
What insider activity did Asana (ASAN) director Lorrie Norrington report?
Lorrie M. Norrington reported receiving a grant of Class A Common Stock as board compensation. She acquired 2,323 shares in lieu of cash for the quarter ended April 30, 2026, and elected to defer receipt under Asana’s Directors' Deferred Compensation Plan.
What is Asana’s Non-Employee Director Compensation Policy as used in this Form 4?
Under Asana’s Non-Employee Director Compensation Policy, directors may elect to receive Class A Common Stock instead of cash fees. For the quarter ended April 30, 2026, Lorrie Norrington chose shares, leading to a 2,323-share grant based on the April 30, 2026 closing price.
What indirect Asana (ASAN) holdings are reported for Lorrie Norrington?
The Form 4 shows 2,295 shares of Asana Class A Common Stock held indirectly. According to a footnote, these shares are held of record by Norrington Advisory Services, LLC, an entity associated with Lorrie Norrington, and are reported as indirect ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
