Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 291

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 291
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Number ofSharesWeighted-AverageExercisePrice Per ShareWeighted-AverageRemainingContractual Term(in years)AggregateIntrinsic ValueBalances at January 31, 20256,071 $3.48 3.6$108,457 Stock options granted— — Stock options exercised(593)3.50 Stock options cancelled(1)0.93 Balances at July 31, 20255,477 $3.48 3.1$61,383 Vested and exercisable at July 31, 20255,354 $3.50 3.1$59,835 Vested and expected to vest at July 31, 20255,477 $3.48 3.1$61,383 The total intrinsic value of stock options exercised during the periods presented were as follows:Three Months Ended July 31,Six Months Ended July 31,2025202420252024Aggregate intrinsic value of stock options exercised (in thousands)$3,123 $3,285 $7,706 $7,795 

21

ASANA, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(unaudited)

Restricted Stock UnitsThe Company’s RSU activity is set forth below (in thousands, except per share data):Number ofSharesWeighted-AverageGrant Date Fair Value Per ShareAggregateIntrinsic ValueUnvested RSUs at January 31, 202521,521 $18.44 $459,258 RSUs granted5,931 17.40 RSUs vested(4,931)19.68 RSUs cancelled/forfeited(3,226)18.40 Unvested RSUs at July 31, 202519,295 $17.81 $283,251 RSUs vested, not yet released at July 31, 2025451 $36.75 The weighted-average grant date fair value of RSUs granted during the six months ended July 31, 2025 and 2024 was $17.40 and $15.13, respectively. The total grant date fair value of RSUs vested during the six months ended July 31, 2025 and 2024 was $97.0 million and $108.3 million, respectively.Performance-Based Restricted Stock UnitsIn July 2025, pursuant to the 2020 Plan, the Company