Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 295

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 295
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2024. As of July 31, 2025 and January 31, 2025, $4.7 million and $6.6 million, respectively, have been withheld in contributions from employees. As of July 31, 2025, total unrecognized stock-based compensation expense related to the ESPP was $4.7 million, which will be amortized over a weighted-average vesting term of 0.9 years.Stock Repurchase ProgramIn June 2024, the Company’s board of directors authorized a stock repurchase program of up to $150.0 million of its outstanding Class A common stock (the “Repurchase Program”). The Repurchase Program was later amended on May 30, 2025 to remove the original expiration date and authorize the repurchase of an additional $100.0 million of Class A common stock. Under the Repurchase Program, which is designed to return value to the Company’s stockholders and reduce share count over time, the Company may repurchase shares in the open market, through privately negotiated transactions, by entering into structured repurchase agreements with third parties, by making block purchases, and/or pursuant to Rule 10b5-1 trading plans. The timing, manner, price, and amount of any repurchases under the Repurchase Program will be determined by the Company in its discretion. The Repurchase Program does not obligate the Company to acquire any particular amount of Class A common stock, and the Repurchase Program may be suspended or discontinued at any time at the Company’s discretion. The Repurchase Program will be funded using the Company’s working capital, has no fixed term as amended, and will continue until the funds committed to the Repurchase Program are exhausted or such authorization is revoked by the Company’s board of directors.The following table summarizes the stock repurchase activity under the Company’s Repurchase Program (in thousands, except per share data):Three Months Ended July 31,Six Months Ended July 31,2025202420252024Number of shares repurchased1,958 1,446 2,992 1,446 Weighted-average price per share$14.20 $13.64 $14.51 $13.64 Aggregate purchase price$27,792 $19,721 $43,398 $19,721  As of July 31, 2025, $128.2 million remained available for future stock repurchases under the Repurchase Program. All shares of