Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 217

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 1
Chunk 217
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million related to the 2025 Restructuring Plan. As of January 31, 2025, the Company had $3.7 million restructuring charges reflected within accrued expenses and other current liabilities. During the three months ended April 30, 2025, the Company recorded restructuring charges of $2.2 million and settled substantially all restructuring liability, with $0.1 million reflected within accrued expenses and other current liabilities as of April 30, 2025. The Company does not expect to incur further material restructuring charges related to the 2025 Restructuring Plan in future periods.The restructuring costs related to the 2025 Restructuring Plan are recognized in the consolidated statement of operations for the three months ended April 30, 2025 as follows:Severance and Related ChargesStock-Based Compensation Expense (Benefit)TotalResearch and development$1,042 $(94)$948 Sales and marketing885 (54)831 General and administrative460 (22)438 Total$2,387 $(170)$2,217 

Note 15.     Subsequent Events

On May 30, 2025, the Company's board of directors amended the Repurchase Program to remove the expiration date of the Repurchase Program and authorized the repurchase of an additional $100.0 million of the Company’s outstanding Class A common stock pursuant to the Repurchase Program. As of April 30, 2025, $56.0 million remained available for future stock repurchases under the Repurchase Program, and, after the increase, the Company now has a total of $156.0 million available for future repurchases under the Repurchase Program.Under the Repurchase Program, the Company may repurchase shares in the open market, through privately negotiated 

22

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

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. Repurchases under the Repurchase Program are expected to be funded from existing cash