Dustin A. Moskovitz - 30 Jun 2021 Form 4 Insider Report for Asana, Inc. (ASAN)

Role
President, CEO, & Chair, Director, 10%+ Owner
Signature
/s/ Katie Colendich, Attorney-in-Fact
Issuer symbol
ASAN
Transactions as of
30 Jun 2021
Transactions value $
$10,133,660
Form type
4
Filing time
02 Jul 2021, 16:46:36
Previous filing
30 Jun 2021
Next filing
10 Sep 2021
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 Purchase $3.8M +60.4K +1.59% $62.85 3.85M 30 Jun 2021 Direct F1, F2
transaction ASAN Class A Common Stock Purchase $6.34M +99.6K +2.59% $63.63 3.95M 30 Jun 2021 Direct F1, F3
holding ASAN Class A Common Stock 4.15M 30 Jun 2021 See footnote F4

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 Senior Mandatory Convertible Promissory Note Conversion of derivative security $0 -11.3M -100% $0.00* 0 01 Jul 2021 Class B Common Stock 11.3M $31.58 See footnote F4, F5, F6
transaction ASAN Class B Common Stock Conversion of derivative security $0 +11.3M +45.1% $0.00 36.3M 01 Jul 2021 Class A Common Stock 11.3M See footnote F4, F6
transaction ASAN Senior Mandatory Convertible Promissory Note Conversion of derivative security $0 -5.73M -100% $0.00* 0 01 Jul 2021 Class B Common Stock 5.73M $31.09 See footnote F4, F6, F7
transaction ASAN Class B Common Stock Conversion of derivative security $0 +5.73M +15.79% $0.00 42M 01 Jul 2021 Class A Common Stock 5.73M See footnote F4, F6
holding ASAN Class B Common Stock 21.4M 30 Jun 2021 Class A Common Stock 21.4M Direct F6
holding ASAN Class B Common Stock 2.6M 30 Jun 2021 Class A Common Stock 2.6M See footnote F6, F8
holding ASAN Class B Common Stock 460K 30 Jun 2021 Class A Common Stock 460K See footnote F6, F9
holding ASAN Class B Common Stock 1.23M 30 Jun 2021 Class A Common Stock 1.23M See footnote F6, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The purchases reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F2 The reported price in Column 4 is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $62.29 to $63.28 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 purchased at each separate price within the range set forth in this footnote.
F3 The reported price in Column 4 is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $63.29 to $64.00 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 purchased at each separate price within the range set forth in this footnote.
F4 The shares are held of record by Dustin A. Moskovitz TTEE Dustin A. Moskovitz Trust DTD 12/27/05.
F5 The January Convertible Note had a principal amount of $300,000,000, a maturity date of January 30, 2025, and accrued interest at a rate of 3.5% per annum, compounded annually. The principal amount and all accrued interest through scheduled maturity converted prior to maturity upon the option of the Issuer into shares of Class B Common Stock at the initial conversion price of $31.58 per share.
F6 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.
F7 The June Convertible Note had a principal amount of $150,000,000, a maturity date of June 26, 2025, and accrued interest at a rate of 3.5% per annum, compounded annually. The principal amount and all accrued interest through scheduled maturity converted prior to maturity upon the option of the Issuer into shares of Class B Common Stock at the initial conversion price of $31.09 per share.
F8 The shares are held of record by Dustin Moskovitz Roth IRA.
F9 The shares are held of record by Justin Rosenstein Trust. Dustin Moskovitz is the trustee of the Justin Rosenstein Trust and may be deemed to have voting power and dispositive power over the shares held by the trust.
F10 The shares are held of record by Justin Rosenstein Trust 2. Dustin Moskovitz is the trustee of the Justin Rosenstein Trust 2 and may be deemed to have voting power and dispositive power over the shares held by the trust.