Asana (NYSE: ASAN) CFO sells 18,717 shares under Rule 10b5-1 plan

Rhea-AI Filing Summary

Asana, Inc. Chief Financial Officer Sonalee Elizabeth Parekh reported an open-market sale of 18,717 shares of Class A common stock at a weighted average price of $6.6154 per share. The trades occurred at prices ranging from $6.45 to $6.75 per share.

The filing notes the transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 12, 2025, indicating they were scheduled in advance. After these sales, Parekh continues to hold 915,281 shares of Asana stock directly, so the sale represents only a small portion of her overall reported holdings.

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
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X

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^*

Parekh Sonalee Elizabeth

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/23/2026		S(1)		18,717	D	$6.6154(2)	915,281	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. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted March 12, 2025.

2. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $6.45 to $6.75 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-Fact	03/25/2026
	** 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)

FAQ

What insider transaction did Asana (ASAN) report for CFO Sonalee Parekh?

Asana reported that CFO Sonalee Elizabeth Parekh sold 18,717 shares of Class A common stock. These were open-market sales executed under a pre-arranged Rule 10b5-1 trading plan, reflecting a scheduled disposition rather than a spontaneous trading decision.

How many Asana (ASAN) shares did the CFO sell and at what price?

The CFO sold 18,717 Asana Class A shares at a weighted average price of $6.6154. The filing explains that individual trades occurred between $6.45 and $6.75 per share, with full trade-by-trade details available upon request from the issuer or regulators.

How many Asana (ASAN) shares does the CFO hold after the reported sale?

Following the reported sale, CFO Sonalee Parekh holds 915,281 Asana Class A shares directly. This indicates the transaction involved only a small fraction of her reported position, leaving a substantial continuing ownership stake in the company.

Was the Asana (ASAN) CFO’s stock sale part of a Rule 10b5-1 plan?

Yes. The filing states the sales were executed under a Rule 10b5-1 trading plan adopted on March 12, 2025. Such plans pre-schedule trades, helping separate routine portfolio management from discretionary timing decisions by insiders.

What type of transaction is shown in this Asana (ASAN) Form 4 filing?

The Form 4 shows an open-market sale of Asana Class A common stock by the CFO. It is a non-derivative transaction, meaning it involves actual shares rather than options or other derivatives, and was executed through regular market trading.

Does the Asana (ASAN) Form 4 mention derivative securities for the CFO?

No derivative positions are listed in the derivative summary of this Form 4. The reported activity involves only non-derivative Class A common stock, focusing solely on the sale of 18,717 shares and the resulting direct share balance afterward.