SCHEDULE: Asana Co-Founder Rosenstein Boosts Stake to 10.8%
Beneficial Ownership Report
Justin Rosenstein, co-founder of Asana, Inc., has increased his beneficial ownership in the company to 10.8% of Class A Common Stock.
Summary
- Justin Rosenstein beneficially owns 18,337,283 shares of Asana, Inc. Class A Common Stock as of June 30, 2025.
- This represents 10.8% of the Issuer's Class A Common Stock, calculated based on 156,992,565 shares outstanding as of June 30, 2025.
- His ownership comprises 6,197,309 Class A shares held of record, 575,984 Class A shares issuable from stock options exercisable within 60 days of June 30, 2025, 10,716,532 Class B shares held of record, and 847,458 Class B shares held by the Justin Rosenstein 2024 Grantor Retained Annuity Trust, for which he serves as trustee.
- Each Class B share is convertible into one Class A share and carries 10 votes per share, significantly more than the 1 vote per Class A share.
- Mr. Rosenstein holds sole voting and sole dispositive power over all 18,337,283 beneficially owned shares.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain performance metrics or forward-looking statements that would indicate a positive or negative sentiment.
Positives
- Co-founder Justin Rosenstein maintains a substantial beneficial ownership of 10.8% in Asana, Inc., signaling continued confidence in the company's future.
- His significant holding of Class B Common Stock, which carries 10 votes per share, provides him with considerable voting influence, aligning his interests with long-term company performance.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Shareholder Structure Disclosure | Disclosure of a dual-class share structure where Class B Common Stock holds 10 votes per share compared to Class A's 1 vote per share, concentrating voting power. | 06/30/2025 | This structure grants significant control to holders of Class B shares, including Justin Rosenstein, potentially impacting shareholder democracy and the influence of Class A shareholders. |
Stakeholder Impact
- Shareholders: The significant stake and high voting power of a co-founder like Justin Rosenstein can provide stability and long-term vision, but also concentrate control, potentially limiting the influence of other shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event requiring the filing, representing the snapshot of beneficial ownership. |
| 08/14/2025 | Date the Schedule 13G/A was signed by Justin Rosenstein. |
Keywords
Asana, Justin Rosenstein, Beneficial Ownership, Schedule 13G, Class A Common Stock, Class B Common Stock, SEC Filing, Corporate Governance, Shareholder Stake
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.