Tim M. Wan - 28 Jun 2023 Form 4 Insider Report for Asana, Inc. (ASAN)

Role
Chief Financial Officer
Signature
/s/ Katie Colendich, Attorney-in-Fact
Issuer symbol
ASAN
Transactions as of
28 Jun 2023
Transactions value $
-$210,000
Form type
4
Date filed
30 Jun 2023, 16:12
Previous filing
23 Jun 2023
Next filing
21 Jul 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 Options Exercise $8K +5K +0.64% $1.60* 792K 28 Jun 2023 Direct
transaction ASAN Class A Common Stock Sale -$113K -5K -0.63% $22.51 787K 28 Jun 2023 Direct F1, F2
transaction ASAN Class A Common Stock Options Exercise $8K +5K +0.64% $1.60* 792K 29 Jun 2023 Direct
transaction ASAN Class A Common Stock Sale -$113K -5K -0.63% $22.69 787K 29 Jun 2023 Direct F1, F3
holding ASAN Class A Common Stock 146K 28 Jun 2023 See footnote F4
holding ASAN Class A Common Stock 50K 28 Jun 2023 See footnote F5

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 -5K -0.62% $0.00 801K 28 Jun 2023 Class A Common Stock 5K $1.60 Direct F6
transaction ASAN Stock Option (right to buy) Options Exercise $0 -5K -0.62% $0.00 796K 29 Jun 2023 Class A Common Stock 5K $1.60 Direct F6
* 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, adopted March 20, 2023.
F2 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $22.25 to $22.75 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 $22.52 to $22.875 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 shares are held of record by The 2019 Tim Ming Wan Grantor Retained Annuity Trust Dated July 22, 2019.
F5 The shares are held of record by the Reporting Person's spouse.
F6 1/4 of the shares subject to the option vested on January 17, 2018, and 1/48 of the shares vest monthly thereafter.