Rosenstein Justin - 19 Dec 2025 Form 4 Insider Report for Asana, Inc. (ASAN)

Role
Director
Signature
/s/ Katie Colendich, Attorney-in-Fact
Issuer symbol
ASAN
Transactions as of
19 Dec 2025
Net transactions value
$0
Form type
4
Filing time
23 Dec 2025, 21:00:55 UTC
Previous filing
10 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Rosenstein Justin Director C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO /s/ Katie Colendich, Attorney-in-Fact 23 Dec 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 +3,000,000 +1426% $0.000000 3,210,398 19 Dec 2025 Direct F1
transaction ASAN Class A Common Stock Conversion of derivative security $0 +665,000 +21% $0.000000 3,875,398 22 Dec 2025 Direct F1
transaction ASAN Class A Common Stock Gift $0 -665,000 -17% $0.000000 3,210,398 22 Dec 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 -3,000,000 -28% $0.000000 7,716,532 19 Dec 2025 Class A Common Stock 3,000,000 Direct F1, F3
transaction ASAN Class B Common Stock Conversion of derivative security $0 -665,000 -8.6% $0.000000 7,051,532 22 Dec 2025 Class A Common Stock 665,000 Direct F1, F3
transaction ASAN Class B Common Stock Other $0 -125,000 -15% $0.000000 722,458 22 Dec 2025 Class A Common Stock 125,000 See footnote F3, F4, F5
transaction ASAN Class B Common Stock Other $0 +125,000 +1.8% $0.000000 7,176,532 22 Dec 2025 Class A Common Stock 125,000 Direct F3, F4
holding ASAN Class B Common Stock 460,000 19 Dec 2025 Class A Common Stock 460,000 See footnote F3, F6
holding ASAN Class B Common Stock 539,719 19 Dec 2025 Class A Common Stock 539,719 See footnote F3, F7
* 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 shares of Class A Common Stock that the Reporting Person donated as a gift to The One Project Foundation. The Reporting Person does not exercise voting or investment control, directly or indirectly, over The One Project Foundation or any of its affiliates, or over the donated shares following this transfer. The Reporting Person does not have any pecuniary interest in any shares held by The One Project Foundation.
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 Justin Rosenstein 2024 Grantor Retained Annuity Trust transferred the shares as an annuity payment to the Reporting Person.
F5 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.
F6 The shares are held of record by Justin Rosenstein Trust. The Reporting Person was appointed trustee of Justin Rosenstein Trust and may be deemed to have voting power and dispositive power over the shares held by the trust.
F7 The shares are held of record by Justin Rosenstein Non-Exempt Trust. The Reporting Person was appointed trustee of Justin Rosenstein Non-Exempt Trust trustee and may be deemed to have voting power and dispositive power over the shares held by the trust.