Tim M. Wan - Jul 19, 2023 Form 4 Insider Report for Asana, Inc. (ASAN)

Role
Chief Financial Officer
Signature
/s/ Katie Colendich, Attorney-in-Fact
Stock symbol
ASAN
Transactions as of
Jul 19, 2023
Transactions value $
-$221,300
Form type
4
Date filed
7/21/2023, 05:01 PM
Previous filing
Jun 30, 2023
Next filing
Sep 22, 2023

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 +0.63% $1.60* 799K Jul 19, 2023 Direct F1
transaction ASAN Class A Common Stock Sale -$121K -5K -0.63% $24.12 794K Jul 19, 2023 Direct F2, F3
transaction ASAN Class A Common Stock Options Exercise $8K +5K +0.63% $1.60* 799K Jul 20, 2023 Direct
transaction ASAN Class A Common Stock Sale -$117K -5K -0.63% $23.34 794K Jul 20, 2023 Direct F2, F4
holding ASAN Class A Common Stock 139K Jul 19, 2023 See footnote F1, F5
holding ASAN Class A Common Stock 50K Jul 19, 2023 See footnote F6

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 -0.63% $0.00 791K Jul 19, 2023 Class A Common Stock 5K $1.60 Direct F7
transaction ASAN Stock Option (right to buy) Options Exercise $0 -5K -0.63% $0.00 786K Jul 20, 2023 Class A Common Stock 5K $1.60 Direct F7
* 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 Reflects an exempt transfer of 6,716 shares from The 2019 Tim Ming Wan Grantor Retained Annuity Trust Dated July 22, 2019 to the Reporting Person.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted March 20, 2023.
F3 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $23.98 to $24.26 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 reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $23.17 to $23.495 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.
F5 The shares are held of record by The 2019 Tim Ming Wan Grantor Retained Annuity Trust Dated July 22, 2019.
F6 The shares are held of record by the Reporting Person's spouse.
F7 1/4 of the shares subject to the option vested on January 17, 2018, and 1/48 of the shares vest monthly thereafter.