Asana (ASAN) director Lorrie N. takes 2,323-share grant instead of cash

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider NORRINGTON LORRIE M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	2,323	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 144,546 shares (Direct, null); Class A Common Stock — 2,295 shares (Indirect, See footnote)

Footnotes (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 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. 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."

Form 4 Insider Transactions: What Each Field Means →

05/05/2026 - 06:17 PM

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^*

NORRINGTON LORRIE M

(Last)

(First)

(Middle)

C/O ASANA, INC.

633 FOLSOM STREET, 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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/01/2026		A		2,323⁽¹⁾	A	$0	144,546	D
Class A Common Stock								2,295	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 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.

2. The shares are held of record by Norrington Advisory Services, LLC.

Remarks:

	/s/ Katie Colendich, Attorney-in-Fact	05/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

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.

How many Asana (ASAN) shares did Lorrie Norrington receive in this Form 4?

She received 2,323 shares of Asana Class A Common Stock. These shares were granted at a stated price of $0.00 per share as compensation in lieu of cash for the quarter ended April 30, 2026, under the Non-Employee Director Compensation Policy.

How were the 2,323 Asana (ASAN) shares calculated for Norrington’s compensation?

The 2,323 Class A shares granted to Lorrie Norrington were calculated using the closing price of Asana Class A Common Stock on April 30, 2026. This converted her eligible cash compensation for that quarter into an equivalent number of shares under the director compensation policy.

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.

How does Asana’s Directors' Deferred Compensation Plan affect Norrington’s shares?

The Directors' Deferred Compensation Plan lets directors postpone receiving shares they earn as compensation. Lorrie Norrington elected to defer receipt of the 2,323 Class A shares to a future date, consistent with her plan election and the plan’s terms.

How many Asana (ASAN) shares does Lorrie Norrington hold after this transaction?

After the grant, she directly holds 144,546 shares of Asana Class A Common Stock. An additional 2,295 Class A shares are held indirectly through Norrington Advisory Services, LLC, as reflected in the holding entry reported in the same Form 4.

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.