[Form 4] Asana, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Asana, Inc. (ASAN) – Form 4 insider filing dated 06/18/2025

Director Krista Anderson-Copperman reported the award of 13,089 Restricted Stock Units (RSUs) on 06/16/2025. Each RSU converts into one share of Class A common stock upon settlement. The grant vests 100% on the earlier of June 16, 2026 or the date of the next annual shareholders’ meeting, contingent on continued service. Following the award, the director’s total beneficial ownership stands at 62,710 shares, all held directly. No cash consideration was paid (exercise price $0), and no derivative securities were involved.

The disclosure represents a standard equity-based compensation grant under Asana’s director compensation program; it does not reflect an open-market purchase or sale.

Insights

Corporate Governance Analyst

TL;DR – Routine director RSU grant; neutral governance impact.

The filing records a single RSU award to an outside director, typical for mid-cap tech compensation programs. At ~0.01% of Asana’s basic share count, the dilution effect is immaterial. Because the award vests in one year and requires board service, it aligns director incentives with shareholders without triggering cash outflows. No buy/sell signals arise, so the market impact should be negligible.

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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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^*

Anderson-Copperman Krista

(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	62,710	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

How many Asana (ASAN) shares were granted in this Form 4 filing?

The director received 13,089 RSUs, each convertible into one Class A share.

What is the vesting schedule for the 13,089 RSUs reported by ASAN?

The RSUs vest 100% on the earlier of June 16, 2026 or the next annual stockholders’ meeting, subject to continued service.

Did the Asana director purchase shares on the open market?

No. The filing discloses an equity grant at $0 cost, not an open-market transaction.

What is Krista Anderson-Copperman’s total beneficial ownership after the grant?

After the award, she beneficially owns 62,710 Class A common shares, held directly.

Does the RSU grant materially dilute existing ASAN shareholders?

The grant equals roughly 0.01% of shares outstanding, so dilution is immaterial.