# EDGAR Filing Document

**Accession Number:** 0001477720
**File Stem:** 0001477720-23-000015
**Filing Date:** 2023-3
**Character Count:** 21985
**Document Hash:** d2bc3651b30572c04a797f925b0b8866
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001477720-23-000015.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001477720-23-000015

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**EFFECTIVENESS DATE**: 20230324

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Asana, Inc.
- **CENTRAL INDEX KEY:** 0001477720
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 263912448
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-270838
- **FILM NUMBER:** 23760384

**BUSINESS ADDRESS:**
- **STREET 1:** 633 FOLSOM STREET
- **STREET 2:** SUITE 100
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94107
- **BUSINESS PHONE:** (415) 525-3888

**MAIL ADDRESS:**
- **STREET 1:** 633 FOLSOM STREET
- **STREET 2:** SUITE 100
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94107

**As filed with the Securities and Exchange Commission on March 24, 2023**

**Registration No. 333-** 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

_____________________________________

**FORM S-8**

**REGISTRATION STATEMENT**

*UNDER*

*THE SECURITIES ACT OF 1933*

_____________________________________

**ASANA, INC.**

**(Exact name of registrant as specified in its charter)**

---

| | |
|:---|:---|
| **Delaware** | **26-3912448** |
| **(State or other jurisdiction of incorporation or organization)** | **(I.R.S. employer identification no.)** |

---

**633 Folsom Street, Suite 100**

**San Francisco, California 94107**

**(415) 525-3888**

**(Address of principal executive offices) (Zip code)**

**2020 Equity Incentive Plan**

**2020 Employee Stock Purchase Plan**

**(Full titles of the plans)**

_____________________________________

**Dustin Moskovitz**

**President, Chief Executive Officer, and Chair**

**Asana, Inc.**

**633 Folsom Street, Suite 100**

**San Francisco, California 94107**

**(415) 525-3888**

**(Name and address of agent for service) (Telephone number, including area code, of agent for service)**

***Copies to:***

---

| | |
|:---|:---|
| **David J. Segre, Esq.**<br>**Jon C. Avina, Esq.**<br>**Calise Y. Cheng, Esq.**<br>**Cooley LLP**<br>**3175 Hanover Street**<br>**Palo Alto, California 94304**<br>**(650) 843-5000** | **Eleanor Lacey, Esq.**<br>**General Counsel and Corporate Secretary**<br>**Asana, Inc.**<br>**633 Folsom Street, Suite 100**<br>**San Francisco, CA 94107**<br>**(415) 525-3888** |

---

_____________________________________

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | |
|:---|:---|
| Large accelerated filer ☒ | Accelerated filer ☐ |
| Non-accelerated filer ☐ | Smaller reporting company ☐ |
| | Emerging growth company ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.

------

**EXPLANATORY NOTE**

Asana, Inc. (the "Registrant") is filing this Registration Statement with the Securities and Exchange Commission (the "Commission") to register (i) 10,714,637 additional shares of its Class A common stock ("Class A Common Stock") under the Registrant's 2020 Equity Incentive Plan (the "2020 Plan"), pursuant to the provisions of the 2020 Plan providing for an automatic increase in the number of shares of Class A Common Stock reserved and available for issuance under the 2020 Plan on February 1, 2023, and (ii) 2,142,927 additional shares of its Class A Common Stock under the Registrant's 2020 Employee Stock Purchase Plan (the "ESPP"), pursuant to the provisions of the ESPP providing for an automatic increase in the number of shares of Class A Common Stock reserved and available for issuance under the ESPP on February 1, 2023.

This Registration Statement relates to securities of the same class as those for which earlier Registration Statements on Form S-8 were filed with the Commission on September 22, 2020 (File No. <u>[333-248955](https://www.sec.gov/Archives/edgar/data/1477720/000119312520250343/d947935ds8.htm)</u>), March 30, 2021 (File No. <u>[333-254881](https://www.sec.gov/Archives/edgar/data/1477720/000147772021000008/s-8fy21.htm)</u>) and March 24, 2022 (File No. <u>[333-263822](https://www.sec.gov/Archives/edgar/data/1477720/000147772022000014/asanas-8fy22.htm)</u>) (collectively, the "Prior Registration Statements"). Pursuant to General Instruction E to Form S-8, the contents of the Prior Registration Statements, to the extent relating to the registration of Class A Common Stock issuable under the 2020 Plan and the ESPP, are incorporated by reference into this Registration Statement.

In accordance with the instructional note to Part I of Form S-8 as promulgated by the Commission, the information specified by Part I of the Form S-8 has been omitted from this Registration Statement.

**PART II** 

**Item 3.&nbsp;&nbsp;&nbsp;&nbsp;Incorporation of Certain Documents by Reference.**

The following documents filed by the Registrant with the Commission are incorporated by reference into this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Registrant's <u>[Annual Report on Form 10-K for the fiscal year ended January 31, 202](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001477720/000147772023000012/asan-20230131.htm)[3](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001477720/000147772023000012/asan-20230131.htm)</u> filed with the Commission on March 24, 2023 (File No. 001-39495) (the "2023 Annual Report"), which contains audited financial statements for the Registrant's latest fiscal year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Registrant's Current Report on <u>[Form 8-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/1477720/000147772023000006/asan-20230308.htm)</u> on Item 8.01, filed with the Commission on March 8, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The description of the Registrant's Class A Common Stock contained in the Registrant's <u>[Registration Statement on Form 8-A](https://www.sec.gov/Archives/edgar/data/1477720/000119312520241150/d10615d8a12b.htm)</u> filed with the Commission on September 9, 2020 (File No. 001-39495) under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including any amendments or reports filed for the purpose of updating such description, including <u>[Exhibit 4.3 to the 202](https://www.sec.gov/Archives/edgar/data/1477720/000147772022000012/exhibit43-descriptionofsec.htm)[3](https://www.sec.gov/Archives/edgar/data/1477720/000147772022000012/exhibit43-descriptionofsec.htm)[Annual Report](https://www.sec.gov/Archives/edgar/data/1477720/000147772022000012/exhibit43-descriptionofsec.htm)[.](https://www.sec.gov/Archives/edgar/data/1477720/000147772022000012/exhibit43-descriptionofsec.htm)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) All other reports and documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (other than Current Reports furnished under Item 2.02 or Item 7.01 of Form 8-K and exhibits furnished on such form that relate to such items) on or after the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all of the shares registered hereunder have been sold or which deregisters all shares then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part of this Registration Statement from the date of the filing of such reports and documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed document that also is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

------

**Item 8.&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) Exhibits.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** |
| **Exhibit Number** | **Exhibit Description** | **Form** | **File No.** | **Exhibit** | **Filing Date** |
| 4.1 | <u>[Restated Certificate of Incorporation, as currently in effect.](https://www.sec.gov/Archives/edgar/data/1477720/000119312520250298/d98181dex31.htm)</u> | 8-K | 001-39495 | 3.1 | September 21, 2020 |
| 4.2 | <u>[Restated Bylaws, as currently in effect.](https://www.sec.gov/Archives/edgar/data/1477720/000119312520250298/d98181dex32.htm)</u> | 8-K | 001-39495 | 3.2 | September 21, 2020 |
| 4.3 | <u>[Form of Registrant's Common Stock Certificate.](https://www.sec.gov/Archives/edgar/data/1477720/000119312520228462/d855753dex41.htm)</u> | S-1 | 333-248303 | 4.1 | August 24, 2020 |
| 5.1\* | <u>[Opinion of Cooley LLP.](exhibit51-cooleyopinionsx8.htm)</u> |  |  |  |  |
| 23.1\* | <u>[Consent of Independent Registered Public Accounting Firm.](exhibit231-pwcauditconsent.htm)</u> |  |  |  |  |
| 23.2\* | <u>[Consent of Cooley LLP (reference is made to Exhibit 5.1).](exhibit51-cooleyopinionsx8.htm)</u> |  |  |  |  |
| 24.1\* | <u>[Power of Attorney (reference is made to the signature page hereto).](#ic1cd62df567d412a9e7ad9517413db2a_13)</u> |  |  |  |  |
| 99.1 | <u>[2020 Equity Incentive Plan and forms of agreements thereunder.](https://www.sec.gov/Archives/edgar/data/1477720/000119312520228462/d855753dex104.htm)</u> | S-1 | 333-248303 | 10.4 | August 24, 2020 |
| 99.2 | <u>[2020 Employee Stock Purchase Plan.](https://www.sec.gov/Archives/edgar/data/1477720/000119312520228462/d855753dex105.htm)</u> | S-1 | 333-248303 | 10.5 | August 24, 2020 |
| 99.3 | <u>[2020 Equity Incentive Plan — Form of RSU Grant Notice and Award Agreement (No Holding Period)(Hybrid).](https://www.sec.gov/Archives/edgar/data/1477720/000147772021000007/a103-2020equityincentive.htm)</u> | 10-K | 001-39495 | 10.5 | March 30, 2021 |
| 99.4 | <u>[2020 Equity Incentive Plan — Form of RSU Grant Notice and Award Agreement (One- or Two-Year Holding Period)(Hybrid).](https://www.sec.gov/Archives/edgar/data/1477720/000147772021000007/a104-2020equityincentive.htm)</u> | 10-K | 001-39495 | 10.4 | March 30, 2021 |
| 99.5 | <u>[2020 Equity Incentive Plan - Form of RSU Grant Notice and Award Agreement (No Holding Period) (Hybrid).](https://www.sec.gov/Archives/edgar/data/1477720/000147772022000062/exhibit101-2020equityincen.htm)</u> | 10-Q | 001-39495 | 10.1 | December 1, 2022 |
| 99.6 | <u>[2020 Equity Incentive Plan - Form of RSU Grant Notice and Award Agreement (One- or Two-Year Holding Period) (Hybrid).](https://www.sec.gov/Archives/edgar/data/1477720/000147772022000062/exhibit102-2020equityincen.htm)</u> | 10-Q | 001-39495 | 10.2 | December 1, 2022 |
| 99.7 | <u>[Asana France SAS Equity Sub-Plan and Form of RSU Grant Notice and Award Agreement.](https://www.sec.gov/Archives/edgar/data/1477720/000147772021000007/asana-frenchequitysubxplan.htm)</u> | 10-K | 001-39495 | 10.10 | March 30, 2021 |
| 107\* | <u>[Filing Fee Table.](exhibit107-calculationoffi.htm)</u> |  |  |  |  |

---

________________

\* Filed herewith.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of San Francisco, State of California, on this 24th day of March, 2023.

**ASANA, INC.**

By: <u>/s/ Dustin Moskovitz&nbsp;&nbsp;&nbsp;&nbsp;</u>

&nbsp;&nbsp;&nbsp;&nbsp;Dustin Moskovitz

&nbsp;&nbsp;&nbsp;&nbsp;President, Chief Executive Officer, and Chair

&nbsp;&nbsp;&nbsp;&nbsp;

------

**POWER OF ATTORNEY**

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Dustin Moskovitz, Tim Wan, and Eleanor Lacey, and each of them, as his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place, and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite or necessary to be done in connection therewith and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their, his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form S-8 has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Dustin Moskovitz | President, Chief Executive Officer, and Chair<br>*(Principal Executive Officer)* | March 24, 2023 |
| Dustin Moskovitz |  |  |
| /s/ Tim Wan | Chief Financial Officer<br>*(Principal Financial and Accounting Officer)* | March 24, 2023 |
| Tim Wan |  |  |
| /s/ Krista Anderson-Copperman | Director | March 24, 2023 |
| Krista Anderson-Copperman |  |  |
| <br>/s/ Sydney Carey | Director | March 24, 2023 |
| Sydney Carey |  |  |
| <br>/s/ Matthew Cohler | Director | March 24, 2023 |
| Matthew Cohler |  |  |
| <br>/s/ Adam D'Angelo | Director | March 24, 2023 |
| Adam D'Angelo |  |  |
| <br>/s/ Andrew Lindsay | Director | March 24, 2023 |
| Andrew Lindsay |  |  |
| <br>/s/ Lorrie Norrington | Director | March 24, 2023 |
| Lorrie Norrington |  |  |
| <br>/s/ Justin Rosenstein | Director | March 24, 2023 |
| Justin Rosenstein |  |  |
| <br>/s/ Amit Singh | Director | March 24, 2023 |
| Amit Singh |  |  |

---

## Ex-Filing

**Exhibit 107**

**CALCULATION OF FILING FEE TABLES**

**Form S-8**

**Asana, Inc.**

**<u>Table 1: Newly Registered Securities</u>**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Fee Calculation Rule** | **Amount to be Registered**<sup>(1)</sup>  | **Proposed Maximum Offering Price Per Share** | **Proposed Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| Equity | Class A Common Stock, par value $0.00001 per share, 2020 Equity Incentive Plan | Other<sup>(2)</sup> | 10714637<sup>(3)</sup> | $21.02<sup>(2)</sup> | $225221669.74 | .00011020 | $24819.43 |
| Equity | Class A Common Stock, par value $0.00001 per share, 2020 Employee Stock Purchase Plan | Other<sup>(4)</sup> | 2142927<sup>(5)</sup> | $17.87<sup>(4)</sup> | $38294105.49 | .00011020 | $4220.02 |
| Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | $263515775.23 |  | $29039.45 |
| Total Fee Offsets | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets |  |  | N/A<sup>(6)</sup> |
| Net Fee Due | Net Fee Due | Net Fee Due | Net Fee Due | Net Fee Due |  |  | $29039.45 |

---

(1)Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover any additional shares of the Registrant's Class A common stock ("Class A Common Stock") that become issuable under the Registrant's 2020 Equity Incentive Plan ("2020 Plan") and the Registrant's 2020 Employee Stock Purchase Plan (the "ESPP") by reason of any stock dividend, stock split, recapitalization or any other similar transaction effected that results in an increase to the number of outstanding shares of Class A Common Stock.

(2)Estimated in accordance with Rule 457(c) and (h) solely for the purpose of calculating the registration fee on the basis of $21.02, which represents the average of the high and low prices of the Class A Common Stock as reported on the New York Stock Exchange ("NYSE") on March 22, 2023.

(3)Represents an automatic annual increase equal to 5% of the total number of shares of the Registrant's capital stock outstanding on January 31st of the preceding fiscal year, which annual increase is provided by the 2020 Plan.

(4)Estimated in accordance with Rule 457(c) and (h) solely for the purpose of calculating the registration fee on the basis of $17.87, which represents the average of the high and low prices of the Class A Common Stock as reported on the NYSE on March 22, 2023, multiplied by 85%, which is the percentage of the price per share applicable to purchases under the ESPP.

(5)Represents an automatic annual increase equal to 1% of the total number of shares of the Registrant's capital stock outstanding on January 31st of the preceding fiscal year, which annual increase is provided by the ESPP.

(6)The Registrant does not have any fee offsets.

## Exhibit 5.1

**Exhibit 5.1**

![image.jpg](image.jpg)

March 24, 2023

Asana, Inc.

633 Folsom Street, Suite 100

San Francisco, California 94107

**Re:&nbsp;&nbsp;&nbsp;&nbsp;Registration on Form S-8**

Ladies and Gentlemen:

We have acted as counsel to Asana, Inc., a Delaware corporation (the "***Company***"), and you have requested our opinion in connection with the filing of a registration statement on Form S-8 (the "***Registration Statement***") with the Securities and Exchange Commission (the "***Commission***") covering the offering of up to 12,857,564 shares (the "***Shares***") of the Company's Class A common stock, par value $0.00001 per share ("***Common Stock***"), consisting of (a) 10,714,637 shares of Common Stock issuable pursuant to the Company's 2020 Equity Incentive Plan (the "***2020 EIP***") and (b) 2,142,927 shares of Common Stock issuable pursuant to the Company's 2020 Employee Stock Purchase Plan (together with the 2020 EIP, the "***Plans***").

In connection with this opinion, we have examined and relied upon the Registration Statement and related prospectus, the Company's certificate of incorporation and bylaws, each as currently in effect, the Plans, and originals or copies certified to our satisfaction of such other records, documents, certificates, memoranda and other instruments as in our judgement are necessary or appropriate to enable us to render the opinion expressed below. We have assumed the genuineness of all signatures, authenticity of all documents submitted to us as originals, the conformity to originals of all documents submitted to us as copies, the accuracy, completeness and authenticity of certificates of public officials and the due authorization, execution and delivery of all documents by all persons other than by the Company where authorization, execution and delivery are prerequisites to the effectiveness thereof. As to certain factual matters, we have relied upon a certificate of an officer of the Company and have not independently verified such matters.

Our opinion is expressed only with respect to the General Corporation Law of the State of Delaware. We express no opinion to the extent that any other laws are applicable to the subject matter hereof and express no opinion and provide no assurance as to compliance with any federal or state securities law, rule or regulation.

On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares, when sold and issued in accordance with the Plans, the Registration Statement and related prospectuses, will be validly issued, fully paid, and nonassessable (except as to shares issued pursuant to deferred payment arrangements, which will be fully paid and nonassessable when such deferred payments are made in full).

We consent to the filing of this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended, or the rules and regulations of the Commission thereunder.

Sincerely,

**Cooley LLP**

By: <u>/s/ Calise Y. Cheng&nbsp;&nbsp;&nbsp;&nbsp;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calise Y. Cheng

Cooley LLP&nbsp;&nbsp;&nbsp;&nbsp;3175 Hanover Street&nbsp;&nbsp;&nbsp;&nbsp;Palo Alto, CA&nbsp;&nbsp;&nbsp;&nbsp;94304-1130

t: (650) 843-5000 f: (650) 849-7400 cooley.com

## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Asana, Inc. of our report dated March 24, 2023 relating to the financial statements and the effectiveness of internal control over financial reporting, which appears in Asana, Inc.'s Annual Report on Form 10-K for the year ended January 31, 2023.

/s/ PricewaterhouseCoopers LLP

San Francisco, California

March 24, 2023

<br>