Company: ASAN
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0001477720-25-000237
Chunk: 259

Company: Asana, Inc.
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 8
Chunk 259
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verageRemainingContractual Term(in years)AggregateIntrinsic ValueBalances at January 31, 20256,071 $3.48 3.6$108,457 Stock options granted— — Stock options exercised(857)3.31 Stock options cancelled(1)0.93 Balances at October 31, 20255,213 $3.51 2.9$54,986 Vested and exercisable at October 31, 20255,103 $3.53 2.9$53,668 Vested and expected to vest at October 31, 20255,213 $3.51 2.9$54,986 The total intrinsic value of stock options exercised during the periods presented were as follows:Three Months Ended October 31,Nine Months Ended October 31,2025202420252024Aggregate intrinsic value of stock options exercised (in thousands)$2,966 $7,106 $10,672 $14,902 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 granted6,233 17.24 RSUs vested(8,030)19.27 RSUs cancelled/forfeited(4,598)18.29 Unvested RSUs at October 31, 202515,126 $17.55 $212,520 RSUs vested, not yet released at October 31, 2025384 $37.16 The weighted-average grant date fair value of RSUs granted during the nine months ended October 31, 2025 and 2024 was $17.24 and $14.79, respectively. The total grant date fair value of RSUs vested during the nine months ended October 31, 2025 and 2024 was $154.7 million and $158.6 million, respectively.Performance-Based Restricted Stock UnitsIn July 2025, pursuant to the 2020 Plan, the Company’s board of directors approved an award of 1,179,776 performance-based restricted stock units to the Company’s new CEO, which vest upon satisfaction of certain market and performance conditions. Of the total