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

Role: GC, Corporate Secretary
Signature: /s/ Katie Colendich, Attorney-in-Fact
Issuer symbol: ASAN
Transactions as of: 20 Mar 2023
Net transactions value: -$14,869
Form type: 4
Filing time: 22 Mar 2023, 20:44:03 UTC
Previous filing: 23 Dec 2022
Next filing: 27 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASAN	Class A Common Stock	Sale	$14,869	-689	-0.41%	$21.58	166,621	20 Mar 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).