Company: ASAN
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001477720-25-000200
Chunk: 334

Company: Asana, Inc.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 8
Chunk 334
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 from the computation of diluted net loss per share for the period presented because including them would have been anti-dilutive are as follows (in thousands):Three Months Ended July 31,Six Months Ended July 31,2025202420252024Stock options5,477 9,114 5,477 9,114 Restricted stock units19,295 24,138 19,295 24,138 Performance-based restricted stock units944 — 944 — Shares issuable pursuant to the 2020 Employee Stock Purchase Plan450 362 450 362 Total26,166 33,614 26,166 33,614 

Note 10.    Stockholders’ Equity 

Common StockThere are two classes of common stock that total 1,500,000,000 authorized shares: 1,000,000,000 authorized shares of Class A common stock and 500,000,000 authorized shares of Class B common stock. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to one vote per share. Each share of Class B common stock is entitled to 10 votes per share and is convertible into one share of Class A common stock. Prior to the Company’s direct listing, which was completed on September 30, 2020, all 73,577,455 outstanding shares of redeemable convertible preferred stock were converted into an equivalent number of shares of Class B common stock. There were 156,783,538 shares of Class A common stock and 79,561,680 shares of Class B common stock issued and outstanding as of July 31, 2025. There were 147,476,415 shares of Class A common stock and 85,411,680 shares of Class B common stock outstanding as of January 31, 2025.All changes in the number of shares of common stock outstanding for the three and six months ended July 31, 2025 and 2024 were related to changes in Class A common stock, other than conversions of Class B common stock into an equivalent number of shares of Class A common stock.Stock PlansThe Company has a 2009 Stock Plan (the “2009 Plan”), a 2012 Amended and Restated Stock Plan (the “2012 Plan”), and a 2020 Equity Incentive Plan (the “2020 Plan”). Each plan was initially established