ASAN Form 4: Krista Anderson-Copperman Acquires 885 Class A Shares

Rhea-AI Filing Summary

Reporting person: Krista Anderson-Copperman, Director of Asana, Inc. (ASAN). Transaction date: 08/01/2025. Security: Class A Common Stock. Acquired: 885 shares (Transaction Code A) elected in lieu of cash compensation under the Issuer's Non-Employee Director Compensation Policy for the quarter ended July 31, 2025. Price: $0 per share as elected. Ownership after transaction: 63,595 shares, held directly.

Filing details: Form 4 filed by one reporting person. Explanation states shares were calculated based on the closing price on July 31, 2025. Form executed by Attorney-in-Fact Katie Colendich on 08/05/2025. No derivative transactions or other securities were reported on this Form 4.

Positive

• Director increased direct ownership by 885 Class A shares, potentially aligning interests with shareholders.
• Transaction fully disclosed with explanation linking shares to the Non-Employee Director Compensation Policy and closing price basis.
• Held directly after the transaction: 63,595 shares, clearly reported on Form 4.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation election increased direct holdings by 885 Class A shares; no derivatives or unusual terms reported.

The filing documents a standard election by a non-employee director to receive equity in lieu of cash under the companys Non-Employee Director Compensation Policy for the quarter ended July 31, 2025. The acquisition is recorded at a $0 price per the election mechanism, and beneficial ownership is reported as 63,595 shares direct after the transaction. The disclosure appears procedural and consistent with customary director compensation practices; the Form 4 shows no option exercises, disposals, or derivative positions.

Securities Analyst

TL;DR: Small, routine insider acquisition tied to compensation; limited material impact on capital structure or control.

The transaction is explicitly an award of 885 Class A shares in lieu of cash for director fees for the referenced quarter, calculated using the closing price on July 31, 2025. Reported beneficial ownership total is 63,595 shares direct. No additional transactions or amendments are reported. Given the lack of derivative activity and the transactions origin as compensation, it should be viewed as an administrative disclosure rather than a market-moving event.

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

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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)
08/01/2025

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	08/01/2025		A		885(1)	A	$0	63,595	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. 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 July 31, 2025. 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 July 31, 2025.

Remarks:

	/s/ Katie Colendich, Attorney-in-Fact	08/05/2025
	** 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.
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FAQ

What did Krista Anderson-Copperman report on Form 4 for ASAN?

Krista Anderson-Copperman reported acquiring 885 Class A shares on 08/01/2025 under the companys Non-Employee Director Compensation Policy, increasing direct holdings to 63,595 shares.

Why were the 885 shares issued to the director?

The shares were elected in lieu of cash compensation for the quarter ended July 31, 2025, with the number of shares calculated using the closing price on July 31, 2025, as stated in the filing.

What price was reported for the shares acquired on the Form 4?

Price reported: $0 per share reflecting the election to receive shares instead of cash, as disclosed in the filing.

When was the Form 4 signed and who signed it?

The Form 4 was signed by Attorney-in-Fact Katie Colendich on 08/05/2025 as shown in the filing signature block.

Did the Form 4 report any derivative transactions for ASAN by this reporting person?

No. The Form 4 contains no entries in Table II; only a non-derivative acquisition of Class A Common Stock is reported.