Eleanor B. Lacey - Mar 20, 2023 Form 4 Insider Report for Asana, Inc. (ASAN)

Role
GC, Corporate Secretary
Signature
/s/ Katie Colendich, Attorney-in-Fact
Stock symbol
ASAN
Transactions as of
Mar 20, 2023
Transactions value $
-$14,869
Form type
4
Date filed
3/22/2023, 08:44 PM
Previous filing
Dec 23, 2022
Next filing
Mar 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASAN Class A Common Stock Sale -$14.9K -689 -0.41% $21.58 167K Mar 20, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan for the purpose of covering tax obligations upon settlement of restricted stock units.
F2 Includes 1,040 shares of Class A Common Stock acquired under the Asana, Inc. 2020 Employee Stock Purchase Plan on March 15, 2023. This transaction is exempt from Rule 16b-3(c).