Tim M. Wan - 16 Jun 2023 Form 4 Insider Report for Asana, Inc. (ASAN)

Signature
/s/ Katie Colendich, Attorney-in-Fact
Issuer symbol
ASAN
Transactions as of
16 Jun 2023
Net transactions value
-$485,600
Form type
4
Filing time
20 Jun 2023, 17:25:27 UTC
Previous filing
25 May 2023
Next filing
23 Jun 2023

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 +2.5% $1.60* 821,886 16 Jun 2023 Direct
transaction ASAN Class A Common Stock Sale $517,600 -20,000 -2.4% $25.88 801,886 16 Jun 2023 Direct F1
holding ASAN Class A Common Stock 145,771 16 Jun 2023 See footnote F2
holding ASAN Class A Common Stock 50,000 16 Jun 2023 See footnote F3

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 -2.4% $0.000000 805,899 16 Jun 2023 Class A Common Stock 20,000 $1.60 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $25.88 to $25.91 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.
F2 The shares are held of record by The 2019 Tim Ming Wan Grantor Retained Annuity Trust Dated July 22, 2019.
F3 The shares are held of record by the Reporting Person's spouse.
F4 1/4 of the shares subject to the option vested on January 17, 2018, and 1/48 of the shares vest monthly thereafter.