What price range applied to the Asana (ASAN) CFO’s share sales?

A footnote reports the weighted average prices reflected multiple individual trades. These trades occurred at prices ranging from $6.47 to $6.88 per share, with the Form 4 showing weighted average sale prices for each reported transaction.

Asana (ASAN) CFO sells 31,696 shares under 10b5-1 tax plan

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Asana, Inc. Chief Financial Officer Aziz Megji reported selling a total of 31,696 shares of Class A common stock in open-market transactions. The sales comprised 6,089 shares at a weighted average price of $6.6471 per share and 25,607 shares at $6.6590 per share.

According to the footnotes, these transactions were carried out under the company’s policy requiring sell-to-cover trades to satisfy tax obligations from the vesting and settlement of Restricted Stock Units. The sales were also executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on March 23, 2026.

Insider Trade Summary 10b5-1

Net Seller: 31,696 shares ($210,991)

Net Sell 2 txns

Insider Megji Aziz

Role Chief Financial Officer

Sold 31,696 shs ($211K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	25,607	$6.659	$171K
Sale	Class A Common Stock	6,089	$6.6471	$40K

Holdings After Transaction: Class A Common Stock — 784,717 shares (Direct, null)

Footnotes (1)

This sale reported on this Form 4 was effected pursuant to the Issuer's policy requiring sell-to-cover to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of certain Restricted Stock Units (RSUs). The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted March 23, 2026. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $6.47 to $6.88 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.

Key Figures

Shares sold (total): 31,696 shares First tranche shares: 6,089 shares Second tranche shares: 25,607 shares +2 more

5 metrics

Shares sold (total) 31,696 shares Open-market sales reported for CFO Aziz Megji

First tranche shares 6,089 shares Sold at weighted average price of $6.6471 per share

Second tranche shares 25,607 shares Sold at weighted average price of $6.6590 per share

Trade price range $6.47–$6.88 per share Prices for multiple trades underlying the weighted averages

10b5-1 plan adoption date March 23, 2026 Date the pre-arranged trading plan was adopted

Key Terms

Restricted Stock Units (RSUs), Rule 10b5-1 trading plan, sell-to-cover, weighted average sale price

4 terms

Restricted Stock Units (RSUs) financial

"tax obligations of the Reporting Person incurred with the vesting and settlement of certain Restricted Stock Units (RSUs)"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

Rule 10b5-1 trading plan regulatory

"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted March 23, 2026"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

sell-to-cover financial

"policy requiring sell-to-cover to satisfy certain tax obligations of the Reporting Person"

Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.

weighted average sale price financial

"The reported price in Column 4 is a weighted average sale price"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/24/2026 - 06:03 PM Accepted by SEC EDGAR 06/24/2026 - 06:03 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^*

Megji Aziz

(Last)

(First)

(Middle)

633 FOLSOM ST. 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)
06/22/2026

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	06/22/2026		S⁽¹⁾		25,607	D	$6.659	784,717	D
Class A Common Stock	06/22/2026		S⁽²⁾		6,089	D	$6.6471⁽³⁾	778,628	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)
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. This sale reported on this Form 4 was effected pursuant to the Issuer's policy requiring sell-to-cover to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of certain Restricted Stock Units (RSUs).

2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted March 23, 2026.

3. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $6.47 to $6.88 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	06/24/2026
	** 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 transaction did Asana (ASAN) report for CFO Aziz Megji?

Asana’s CFO Aziz Megji reported selling 31,696 shares of Class A common stock. The transactions were open-market sales tied to RSU-related tax obligations and executed under the company’s sell-to-cover policy and a Rule 10b5-1 trading plan.

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

Aziz Megji sold 6,089 Asana Class A shares at a weighted average price of $6.6471 and 25,607 shares at $6.6590. A footnote notes multiple trades occurred within a $6.47 to $6.88 per-share price range.

Why did Asana’s CFO sell 31,696 shares of ASAN stock?

The filing states the sales were required under Asana’s policy mandating sell-to-cover trades. These sales were made to satisfy certain tax obligations arising from the vesting and settlement of Restricted Stock Units granted to the CFO.

Were the recent Asana (ASAN) insider stock sales pre-planned?

Yes. The filing explains the sales were executed pursuant to a Rule 10b5-1 trading plan adopted on March 23, 2026. Such plans pre-schedule trades, indicating the timing was set in advance rather than chosen opportunistically.