Tim M. Wan - Mar 23, 2023 Form 4 Insider Report for Asana, Inc. (ASAN)

Signature
/s/ Katie Colendich, Attorney-in-Fact
Stock symbol
ASAN
Transactions as of
Mar 23, 2023
Transactions value $
-$69,583
Form type
4
Date filed
3/27/2023, 08:17 PM
Previous filing
Mar 21, 2023
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASAN Class A Common Stock Sale -$69.6K -3.34K -0.55% $20.86 604K Mar 23, 2023 Direct F1, F2
holding ASAN Class A Common Stock 146K Mar 23, 2023 See footnote F3
holding ASAN Class A Common Stock 50K Mar 23, 2023 See footnote F4
* 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 sale reported on this Form 4 was effected pursuant to the Issuer's policy requiring sell-to-cover to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of certain Restricted Stock Units (RSUs).
F2 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $20.66 to $21.05 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 shares are held of record by The 2019 Tim Ming Wan Grantor Retained Annuity Trust Dated July 22, 2019.
F4 The shares are held of record by the Reporting Person's spouse.