Form 4: Asana Director Adam D'Angelo Reports Acquisition of Class A Common Stock

Adam D'Angelo, a director at Asana, Inc., reported acquiring 351 shares of Class A Common Stock on February 3, 2025, in lieu of cash compensation.

Summary

• On February 3, 2025, Adam D'Angelo, a director of Asana, Inc., acquired 351 shares of Class A Common Stock.
• The acquisition was made in lieu of cash compensation under Asana's Non-Employee Director Compensation Policy for the quarter ended January 31, 2025.
• The number of shares received was calculated based on the closing price of Asana's Class A Common Stock on January 31, 2025.
• Following the transaction, D'Angelo directly owns 42,242 shares of Class A Common Stock and indirectly owns 1,078,170 shares through the Adam D'Angelo Revocable Trust Dtd 3/13/08.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard regulatory filing reporting an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it's a small acquisition of shares by a director.

Key Dates

Keywords

Form 4, Asana, Director, Adam D'Angelo, Class A Common Stock, Beneficial Ownership, SEC Filing