Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 183

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part II, Item 2
Chunk 183
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 awards, net of any shares withheld by us to satisfy applicable taxes. The number of shares to be withheld, and thus the exact number of shares to be sold pursuant to Ms. Lacey’s Rule 10b5-1 trading arrangement, can only be determined upon the occurrence of the future vesting events. For purposes of this disclosure, we have reported the maximum aggregate number of shares to be sold without subtracting any shares to be withheld upon future vesting events. The plan terminates on May 31, 2026, or upon the earlier completion of all authorized transactions under the plan. 

On March 12, 2025, Sonalee Parekh, our Chief Financial Officer, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 203,710 shares of the Company’s Class A common stock. The Rule 10b5-1 trading arrangement provides for the sale of a percentage of shares to be received upon future vesting of certain outstanding equity awards, net of any shares withheld by us to satisfy applicable taxes. The number of shares to be withheld, and thus the exact number of shares to be sold pursuant to Ms. Parekh’s Rule 10b5-1 trading arrangement, can only be determined upon the occurrence of the future vesting events. For purposes of this disclosure, we have reported the maximum aggregate number of shares to 

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be sold without subtracting any shares to be withheld upon future vesting events. The plan terminates on March 31, 2026, or upon the earlier completion of all authorized transactions under the plan.

On March 18, 2025, Justin Rosenstein, a member of our board of directors, terminated a trading plan adopted on September 18, 2024. On March 18, 2025, Mr. Rosenstein adopted a new Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 6,000,000 shares of the Company’s Class B common stock. The trading plan terminates on May 29, 2026, or upon the earlier completion of all authorized transactions under the plan.

ITEM 6. EXHIBITS

The documents listed in the Exhibit Index of this Quarterly Report on Form 10-Q are incorporated by reference or are filed with this Quarterly Report on Form 10-Q, in each case