Asana Inc
For the period ended Apr 30, 2025. Filed Jun 3, 2025.
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Apr 30, 2025 · Filed Jun 3, 2025
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Item 5. Other Information
On March 12, 2025, Eleanor Lacey, our General Counsel and Corporate Secretary, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 170,438 shares of the Company’s Class A common stock. The Rule 10b5-1 trading arrangement provides for the sale of a percentage of shares to be received upon future vesting of certain outstanding equity awards, net of any shares withheld by us to satisfy applicable taxes. The number of shares to be withheld, and thus the exact number of shares to be sold pursuant to Ms. Lacey’s Rule 10b5-1 trading arrangement, can only be determined upon the occurrence of the future vesting events. For purposes of this disclosure, we have reported the maximum aggregate number of shares to be sold without subtracting any shares to be withheld upon future vesting events. The plan terminates on May 31, 2026, or upon the earlier completion of all authorized transactions under the plan.
On March 12, 2025, Sonalee Parekh, our Chief Financial Officer, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 203,710 shares of the Company’s Class A common stock. The Rule 10b5-1 trading arrangement provides for the sale of a percentage of shares to be received upon future vesting of certain outstanding equity awards, net of any shares withheld by us to satisfy applicable taxes. The number of shares to be withheld, and thus the exact number of shares to be sold pursuant to Ms. Parekh’s Rule 10b5-1 trading arrangement, can only be determined upon the occurrence of the future vesting events. For purposes of this disclosure, we have reported the maximum aggregate number of shares to be sold without subtracting any shares to be withheld upon future vesting events. The plan terminates on March 31, 2026, or upon the earlier completion of all authorized transactions under the plan.
On March 18, 2025, Justin Rosenstein, amember of our board of directors, terminated a trading plan adopted on September 18, 2024. On March 18, 2025, Mr. Rosenstein adopted a new Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 6,000,000 shares of the Company’s Class B common stock. The trading plan terminates on May 29, 2026, or upon the earlier completion of all authorized transactions under the plan.
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