Rosenstein Justin - 11 Apr 2025 Form 4 Insider Report for Asana, Inc. (ASAN)

Role: Director, 10%+ Owner
Signature: /s/ Katie Colendich, Attorney-in-Fact
Issuer symbol: ASAN
Transactions as of: 11 Apr 2025
Net transactions value: $0
Form type: 4
Filing time: 18 Jun 2025, 18:23:47 UTC
Previous filing: 21 Mar 2025
Next filing: 14 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Rosenstein Justin	Director, 10%+ Owner	C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO	/s/ Katie Colendich, Attorney-in-Fact	18 Jun 2025	0001823099

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASAN	Class A Common Stock	Conversion of derivative security	$0	+5,350,000	+631%	$0.000000	6,197,309	11 Apr 2025	Direct	F1
transaction	ASAN	Class A Common Stock	Award	$0	+13,089	+0.21%	$0.000000	6,210,398	16 Jun 2025	Direct	F2

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	Class B Common Stock	Conversion of derivative security	$0	-5,350,000	-33%	$0.000000	10,716,532	11 Apr 2025	Class A Common Stock	5,350,000		Direct	F1, F3
holding	ASAN	Class B Common Stock						847,458	11 Apr 2025	Class A Common Stock	847,458		See footnote	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
F2	Represents the grant of Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 100% of the RSUs will vest on the earlier of June 16, 2026 or the day of the next annual meeting of the stockholders, subject to the Reporting Person's continuous service through such date.
F3	Each share of Class B Common Stock is convertible into one share of Class A Common Stock upon the option of the holder and has no expiration date.
F4	The shares are held of record by Justin Rosenstein 2024 Grantor Retained Annuity Trust. The Reporting Person is the grantor and trustee of Justin Rosenstein 2024 Grantor Retained Annuity Trust and may be deemed to have voting power and dispositive over the shares held by the trust.