Tim M. Wan - 24 Jan 2022 Form 4 Insider Report for Asana, Inc. (ASAN)

Signature
/s/ Katie Colendich, Attorney-in-Fact
Issuer symbol
ASAN
Transactions as of
24 Jan 2022
Net transactions value
-$923,622
Form type
4
Filing time
26 Jan 2022, 16:14:55 UTC
Previous filing
23 Dec 2021
Next filing
24 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASAN Class A Common Stock Options Exercise $32,000 +20,000 +4% $1.60* 525,130 24 Jan 2022 Direct
transaction ASAN Class A Common Stock Sale $130,171 -2,820 -0.54% $46.16 522,310 24 Jan 2022 Direct F1, F2
transaction ASAN Class A Common Stock Sale $309,492 -6,517 -1.2% $47.49 515,793 24 Jan 2022 Direct F1, F3
transaction ASAN Class A Common Stock Sale $501,258 -10,363 -2% $48.37 505,430 24 Jan 2022 Direct F1, F4
transaction ASAN Class A Common Stock Sale $14,700 -300 -0.06% $49.00 505,130 24 Jan 2022 Direct F1
holding ASAN Class A Common Stock 153,428 24 Jan 2022 See footnote F5
holding ASAN Class A Common Stock 50,000 24 Jan 2022 See footnote F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASAN Stock Option (right to buy) Options Exercise $0 -20,000 -2.3% $0.000000 865,899 24 Jan 2022 Class A Common Stock 20,000 $1.60 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F2 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $45.78 to $46.43 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.
F3 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $46.99 to $47.98 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.
F4 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $47.99 to $48.86 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.
F5 The shares are held of record by The 2019 Tim Ming Wan Grantor Retained Annuity Trust Dated July 22, 2019.
F6 The shares are held of record by the Reporting Person's spouse.
F7 1/4 of the shares subject to the option vested on January 17, 2018, and 1/48 of the shares vest monthly thereafter.