Company: ASAN
Filing Date: 2025-06-03
Form Type: 8-K
Source: 0001477720-25-000105
Chunk: 1

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 8-K
Item: Item 8.01
Chunk 1
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Item 8.01

Other Events.

On May 30, 2025, the Board of Directors of the Company (the “ Board”) approved (i) an increase to the Company’s previously announced share repurchase program, authorizing the repurchase of up to an additional $100.0 million of the Company’s Class A common stock (the “ Stock Repurchase Program”) and (ii) the removal of the expiration date of the Stock Repurchase Program. As of April 30, 2025, approximately $56.0 million remained available for future stock repurchases under the Stock Repurchase Program, and, after the increase, the Company now has a total of $156.0 million available for future repurchases under the Stock Repurchase Program. Stock repurchases under the Stock Repurchase Program may be made from time to time, including without limitation, open market purchases or through privately negotiated transactions and/or structured repurchase agreements with third parties, block purchases or derivative contracts, and/or pursuant to Rule 10b5-1 trading plans, subject to market conditions, applicable securities laws and other legal requirements, and other relevant factors. The Stock Repurchase Program does not obligate the Company to acquire any particular amount of Class A common stock, and may be suspended, modified, or terminated at any time, without prior notice. The number of shares to be repurchased will depend on market conditions and other factors. Repurchases under the Stock Repurchase Program are expected to be funded from existing cash and cash equivalents. The Stock Repurchase Program, as amended, has no specified expiration date and will continue until the funds committed to the Stock Repurchase Program are exhausted or such authorization is revoked by the Board.

Item 9.01 Financial Statements and Exhibits.