Asana (NYSE: ASAN) CFO tax sell-to-cover still leaves large share stake

Rhea-AI Filing Summary

Asana, Inc.'s Chief Financial Officer, Sonalee Elizabeth Parekh, reported an open-market sale of 34,151 shares of Class A Common Stock at an average price of $6.6474 per share. The company states this sale was made under its policy requiring sell-to-cover transactions to satisfy certain tax obligations arising from the vesting and settlement of Restricted Stock Units. Following the sale, Parekh directly holds 933,998 shares, indicating she retains a substantial equity position.

Insights

Equity compensation and insider-trading analyst

Routine tax-related sell-to-cover by Asana’s CFO with large stake retained.

The filing shows Asana CFO Sonalee Elizabeth Parekh executed an open-market sale of 34,151 Class A shares at $6.6474 each. A footnote clarifies the transaction was required under the company’s policy to cover taxes from RSU vesting and settlement.

This makes the transaction a mechanistic tax event rather than a discretionary portfolio move. After the sale, Parekh still holds 933,998 shares directly, indicating the disposed amount is small relative to her remaining ownership. As a result, the overall signal for investors is neutral.

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^*

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)
03/20/2026

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	03/20/2026		S(1)		34,151	D	$6.6474	933,998	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. 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).

Remarks:

	/s/ Katie Colendich, Attorney-in-Fact	03/24/2026
	** 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)

FAQ

What insider transaction did Asana (ASAN) disclose for its CFO?

Asana disclosed that CFO Sonalee Elizabeth Parekh sold 34,151 shares of Class A Common Stock at $6.6474 per share. The company notes this sale was made to cover tax obligations from the vesting and settlement of Restricted Stock Units, under its required sell-to-cover policy.

Why did Asana (ASAN) CFO Sonalee Elizabeth Parekh sell 34,151 shares?

The sale was executed pursuant to Asana’s policy requiring sell-to-cover transactions to satisfy certain tax obligations. These obligations arose from the vesting and settlement of specific Restricted Stock Units, making the transaction a routine tax-driven event rather than a discretionary open-market reduction in ownership.

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

After selling 34,151 shares, CFO Sonalee Elizabeth Parekh directly holds 933,998 shares of Asana Class A Common Stock. This indicates she maintains a substantial remaining equity stake in the company despite the tax-related sell-to-cover transaction tied to RSU vesting and settlement.

Was the Asana (ASAN) CFO’s share sale part of a routine tax sell-to-cover?

Yes. A footnote explains the transaction was effected under Asana’s policy requiring sell-to-cover sales. The purpose was to fund tax obligations created by the vesting and settlement of certain Restricted Stock Units, characterizing the sale as a routine compensation-related event.

What price did Asana (ASAN) CFO receive for the sold shares?

The reported transaction shows an average sale price of $6.6474 per share for 34,151 shares of Class A Common Stock. This pricing reflects the open-market sale executed in connection with the company’s tax-related sell-to-cover policy for RSU vesting events.