Tim M. Wan - Mar 17, 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
Mar 17, 2023
Transactions value $
-$394,200
Form type
4
Date filed
3/21/2023, 05:37 PM
Previous filing
Dec 23, 2022
Next filing
Mar 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASAN Class A Common Stock Options Exercise $32K +20K +3.29% $1.60* 627K Mar 17, 2023 Direct
transaction ASAN Class A Common Stock Sale -$426K -20K -3.19% $21.31 607K Mar 17, 2023 Direct F1
holding ASAN Class A Common Stock 146K Mar 17, 2023 See footnote F2
holding ASAN Class A Common Stock 50K Mar 17, 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 -20K -2.36% $0.00 826K Mar 17, 2023 Class A Common Stock 20K $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 $21.11 to $21.62 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.