Voya Financial Discloses 5,589,661 Shares (3.6%) in Asana (ASAN)

Rhea-AI Filing Summary

Voya Financial reports beneficial ownership of 5,589,661 shares of Asana common stock, representing 3.6% of the class. Voya states it has sole voting power over 1,803,814 shares and sole dispositive power over the full 5,589,661 shares.

The filing is made by Voya as the ultimate parent of wholly owned subsidiaries and is submitted under the parent-holding-company provision; Voya certifies the shares are held in the ordinary course of business and not to change or influence control of the issuer.

Insights

Financial Analyst

TL;DR: Voya holds a modest 3.6% position in Asana with sole dispositive control; the disclosure reads as a routine institutional holding.

The Schedule 13G/A indicates Voya beneficially owns 5,589,661 shares and retains sole dispositive power, while retaining sole voting power for 1,803,814 shares. The filer certifies the position is held in the ordinary course of business and not for the purpose of influencing control, consistent with a passive institutional stake. No transaction details or changes in ownership strategy are included in the filing.

Corporate Governance Expert

TL;DR: Parent-company filing centralizes reporting for subsidiaries; Exhibit A is referenced but not included, so subsidiary identities are unspecified here.

Voya files under the parent-holding-company provision and states the securities were acquired through its subsidiaries, which may be listed on an Exhibit A referenced by the filing. The filing confirms centralized disclosure and attributes sole dispositive authority to Voya for 5,589,661 shares, while voting control is partial at 1,803,814 shares. The certification denies intent to alter issuer control, supporting a non-activist posture. The absence of Exhibit A in the provided text prevents verification of the specific subsidiary holders.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Asana, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

04342Y104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 04342Y104

1

Names of Reporting Persons

Voya Financial, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,803,814.00
6	Shared Voting Power
7	Sole Dispositive Power 5,589,661.00
8	Shared Dispositive Power

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,589,661.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.6 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Asana, Inc.
(b)	Address of issuer's principal executive offices: 633 FOLSOM STREET, SAN FRANCISCO, CALIFORNIA, 94107.
Item 2.
(a)	Name of person filing: Voya Financial, Inc.
(b)	Address or principal business office or, if none, residence: 200 Park Avenue New York, NY 10166
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 04342Y104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5589661
(b)	Percent of class: 3.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1803814
	(ii) Shared power to vote or to direct the vote:
	(iii) Sole power to dispose or to direct the disposition of: 5589661
	(iv) Shared power to dispose or to direct the disposition of:
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. This Schedule 13G is filed by Voya Financial, Inc., the ultimate corporate parent of the subsidiary entities listed on Exhibit A. Each such entity may be deemed to beneficially own the securities to which this Schedule 13G applies.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Voya Financial, Inc. is filing this Schedule 13G pursuant to Rule 13d-1(b)(1)(ii)(G) as the ultimate parent corporation of its wholly owned subsidiaries listed on Exhibit A hereto.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Voya Financial, Inc.

Signature:	/S/ Mark Sides
Name/Title:	SVP, Chief Compliance Officer and Deputy General Counsel
Date:	08/11/2025

FAQ

How many Asana (ASAN) shares does Voya Financial beneficially own?

Voya Financial beneficially owns 5,589,661 shares of Asana common stock.

What percentage of Asana does Voya Financial's stake represent?

The reported stake represents 3.6% of Asana's outstanding common stock.

How many shares does Voya have sole voting power over in Asana (ASAN)?

Voya reports sole voting power over 1,803,814 shares.

Does Voya claim control or intent to influence Asana's management?

No. Voya certifies the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Under what authority was this Schedule 13G/A filed?

The filing is made by Voya as a parent holding company under the applicable parent-holding-company provision referenced in the schedule.

Are the subsidiaries that hold the shares listed in this filing?

The filing states wholly owned subsidiaries are listed on an Exhibit A, but that exhibit is not included in the provided text.