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

Role: Director, 10%+ Owner
Signature: /s/ Katie Colendich, Attorney-in-Fact
Stock symbol: ASAN
Transactions as of: Mar 19, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/21/2025, 04:47 PM
Previous filing: Mar 17, 2025
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	Conversion of derivative security	$0	+500K	+59.01%	$0.00	1.35M	Mar 19, 2025	Direct	F1
transaction	ASAN	Class A Common Stock	Gift	$0	-500K	-37.11%	$0.00	847K	Mar 19, 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	-500K	-3.02%	$0.00	16.1M	Mar 19, 2025	Class A Common Stock	500K		Direct	F1, F3
holding	ASAN	Class B Common Stock						847K	Mar 19, 2025	Class A Common Stock	847K		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 shares of Class A Common Stock that the Reporting Person donated as a gift to National Philanthropic Trust. The Reporting Person does not exercise voting or investment control, directly or indirectly, over National Philanthropic Trust 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 National Philanthropic Trust.
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.