Company: ASAN
Filing Date: 2025-06-03
Form Type: 10-Q
Source: 0001477720-25-000107
Chunk: 252

Company: Asana, Inc.
Filing Date: 2025-06-03
Form: 10-Q
Item: Part I, Item 8
Chunk 252
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 are also employees). NSOs may be granted to Company employees and consultants. Stock options under the 2020 Plan may be granted for periods of up to 10 years. The exercise price of ISOs and NSOs shall not be less than 100% of the estimated fair value of the shares on the date of grant as determined by the Company’s board of directors. Stock options granted generally vest over four years and vest at a rate of 25% upon the first anniversary of the vesting commencement date and 1/48 per month thereafter.The Company has outstanding RSU awards issued pursuant to the 2012 Plan and 2020 Plan. RSUs granted generally vest on a predefined rate over a period of one to four years contingent upon continuous service. Shares of common stock purchased under the 2012 Plan are subject to certain restrictions and repurchase rights. Stock OptionsOption activity under the Company’s combined stock plans is set forth below (in thousands, except years and per share data):Number ofSharesWeighted-AverageExercisePrice Per ShareWeighted-AverageRemainingContractual Term(in years)AggregateIntrinsic ValueBalances at January 31, 20256,071 $3.48 3.6$108,457 Stock options granted— — Stock options exercised(354)3.55 Stock options cancelled(1)0.93 Balances at April 30, 20255,716 $3.47 3.3$72,414 Vested and exercisable at April 30, 20255,579 $3.50 3.3$70,506 Vested and expected to vest at April 30, 20255,716 $3.47 3.3$72,414 The total intrinsic value of stock options exercised during the periods presented were as follows:Three Months Ended April 30,20252024Aggregate intrinsic value of stock options exercised (in thousands)$4,583 $4,510 Restricted Stock UnitsThe Company’s RSU activity is set forth below (in thousands, except per share data):Number ofSharesWeighted-AverageGrant Date Fair Value Per ShareAggregateIntrinsic ValueUnvested RSUs at January 31, 202521,521 $18.44 $459,258 RSUs granted353 18.46 RSUs vested(2,196)20.66 RSUs cancelled/forfeited(1,615)18.20