SCHEDULE: Asana Co-Founder Justin Rosenstein Boosts Stake to 7.3%

Justin Rosenstein, co-founder of Asana, Inc., has reported beneficial ownership of 7.3% of the company's Class A Common Stock as of December 31, 2025.

Summary

• Justin Rosenstein beneficially owns an aggregate of 12,672,002 shares of Asana, Inc. Class A Common Stock.
• This ownership represents 7.3% of the Issuer's Class A Common Stock, calculated based on 163,626,714 shares outstanding as of December 31, 2025, adjusted for exercisable options and assumed conversion of Class B shares.
• The beneficial ownership includes 3,197,309 shares of Class A Common Stock held directly by Mr. Rosenstein.
• It also includes 575,984 shares of Class A Common Stock issuable upon the exercise of stock options within 60 days of December 31, 2025.
• A significant portion of the ownership, 7,176,532 shares, consists of Class B Common Stock held directly by Mr. Rosenstein.
• Additional Class B Common Stock is held through trusts where Mr. Rosenstein serves as trustee: 722,458 shares by the Justin Rosenstein 2024 Grantor Retained Annuity Trust, 460,000 shares by the Justin Rosenstein Trust, and 539,719 shares by the Justin Rosenstein Non-Exempt Trust.
• Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the holder's option and carries 10 votes per share, compared to one vote per Class A share.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal. A co-founder maintaining a significant stake, especially with high-voting Class B shares, suggests continued confidence and alignment with shareholder interests, which is generally favorable.

Positives

• A co-founder maintaining a significant beneficial ownership stake (7.3%) can signal strong confidence in the company's long-term prospects.
• The substantial holding of Class B Common Stock, which carries 10 votes per share, indicates continued influence and commitment from a key insider.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding Asana, Inc.'s future financial performance or strategic direction; it solely reports beneficial ownership.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for passive investors or insiders who own more than 5% of a company's stock. Justin Rosenstein's continued significant stake in Asana, a work management platform provider, is consistent with a co-founder's long-term commitment to their venture. This level of insider ownership is common among technology companies where founders often retain substantial control and influence through dual-class share structures.

Stakeholder Impact

• Shareholders: The continued significant ownership by a co-founder may instill confidence in the company's long-term vision and stability, potentially influencing investor sentiment positively.
• Management: Justin Rosenstein's substantial voting power through Class B shares ensures his continued influence over strategic decisions and corporate governance.

Key Dates

Recommendation

The filing indicates a co-founder's continued significant stake, which is generally a positive sign of insider confidence. However, a Schedule 13G filing primarily reports ownership and does not provide new financial or operational data to warrant a 'buy' or 'sell' recommendation. It reinforces a 'hold' position for investors who value strong insider alignment, but without additional fundamental news, it doesn't present a new catalyst for a change in investment strategy.

Keywords

Asana, Justin Rosenstein, Beneficial Ownership, Schedule 13G, Class A Common Stock, Class B Common Stock, Insider Ownership, SEC Filing, Corporate Governance