Asana (NYSE: ASAN) GC exercises 100K options and sells 100K shares

Rhea-AI Filing Summary

Asana, Inc. executive reports option exercise and share sale. On December 9, 2025, an officer of Asana, Inc. exercised a stock option for 100,000 shares of Class A common stock at an exercise price of $4.02 per share and acquired those shares. On the same date, the officer sold 100,000 shares of Class A common stock at a weighted average price of $15.245 per share, with individual sale prices ranging from $15.20 to $15.25 as disclosed in the footnote. After these transactions, the officer beneficially owned 529,326 shares of Class A common stock directly, and held 25,000 stock options that remain beneficially owned following the reported transactions.

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^*

LACEY ELEANOR B

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GC, Corporate Secretary

3. Date of Earliest Transaction (Month/Day/Year)
12/09/2025

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	12/09/2025		M		100,000	A	$4.02	629,326	D
Class A Common Stock	12/09/2025		S		100,000	D	$15.245(1)	529,326	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
Stock Option (right to buy)	$4.02	12/09/2025		M			100,000	(2)	07/29/2029	Class A Common Stock	100,000	$0	25,000	D

Explanation of Responses:

1. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $15.20 to $15.25 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.

2. 1/4 of the shares subject to the option vested on July 22, 2020, and 1/48 of the shares vest monthly thereafter.

Remarks:

	/s/ Katie Colendich, Attorney-in-Fact	12/11/2025
	** 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

What insider transaction did Asana (ASAN) report in this Form 4?

An Asana, Inc. officer reported exercising a stock option for 100,000 shares of Class A common stock at an exercise price of $4.02 per share and selling 100,000 shares of Class A common stock at a weighted average price of $15.245 per share on December 9, 2025.

Who is the reporting person in the Asana (ASAN) Form 4 and what is their role?

The reporting person is an officer of Asana, Inc., serving as GC, Corporate Secretary, as indicated in the relationship section of the filing.

How many Asana (ASAN) shares does the insider own after the reported transactions?

Following the reported transactions, the officer beneficially owned 529,326 shares of Asana Class A common stock directly, as shown in the table of non-derivative securities.

What prices were the Asana (ASAN) shares sold for in this Form 4?

The Form 4 reports a weighted average sale price of $15.245 per share for the 100,000 shares sold. A footnote states that the shares were sold in multiple transactions at prices ranging from $15.20 to $15.25 per share.

What are the terms of the Asana (ASAN) stock option exercised in this filing?

The derivative table shows a stock option (right to buy) with an exercise price of $4.02 per share, covering 100,000 shares of Class A common stock, with an expiration date of July 29, 2029. A footnote states that one quarter of the shares vested on July 22, 2020, and one forty-eighth vested monthly thereafter.

How many Asana (ASAN) stock options does the insider hold after these transactions?

After the reported exercise of 100,000 stock options, the reporting person held 25,000 derivative securities (stock options) beneficially owned, as shown in the derivative securities table.

Is this Asana (ASAN) Form 4 filed by one reporting person or a group?

The Form 4 is indicated as being filed by one reporting person, as shown by the checked box under the individual or joint/group filing section.