Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 213

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 213
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 and expected to vest at April 30, 20255,716 $3.47 3.3$72,414 The total intrinsic value of stock options exercised during the periods presented were as follows:Three Months Ended April 30,20252024Aggregate intrinsic value of stock options exercised (in thousands)$4,583 $4,510 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 granted353 18.46 RSUs vested(2,196)20.66 RSUs cancelled/forfeited(1,615)18.20 Unvested RSUs at April 30, 202518,063 $18.18 $290,504 RSUs vested, not yet released at April 30, 2025561 $33.97 

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

The weighted-average grant date fair value of RSUs granted during the three months ended April 30, 2025 and 2024 was $18.46 and $18.31, respectively. The total grant date fair value of RSUs vested during the three months ended April 30, 2025 and 2024 was $45.4 million and $53.0 million, respectively.Stock-Based Compensation ExpenseStock-based compensation expense for stock-based awards to employees and non-employees in the Company’s condensed consolidated statements of operations for the periods below were as follows (in thousands):Three Months Ended April 30,20252024Cost of revenues$344 $283 Research and development24,364 26,740 Sales and marketing14,823 15,248 General and administrative8,636 6,369 Total stock-based compensation expense$48,167 $48,640 The stock-based compensation expense related to awards granted to non-employees for the three months ended April 30, 2025 and 2024 were not material.Total unrecognized stock-based compensation expense related to unvested awards not yet recognized under all equity compensation plans was as follows:As of April 30, 2025Unrecognized Expense (in thousands)Weight