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

Director Adam D'Angelo reports acquiring 464 shares of Asana's Class A Common Stock on May 1, 2025, while holding a significant indirect ownership.

Summary

• On May 2, 2025, Adam D'Angelo, a director of Asana, Inc., filed a Form 4 with the SEC.
• The report details a transaction on May 1, 2025, where D'Angelo acquired 464 shares of Class A Common Stock.
• This acquisition was in lieu of cash compensation under Asana's Non-Employee Director Compensation Policy for the quarter ended April 30, 2025.
• The price was determined based on the closing price of Class A Common Stock on April 30, 2025.
• Following the transaction, D'Angelo directly owns 42,706 shares of Class A Common Stock.
• He also indirectly owns 1,078,170 shares through the Adam D'Angelo Revocable Trust Dtd 3/13/08.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine transaction. The director's acquisition of shares can be seen as a slightly positive signal, but it's not a major event.

Positives

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a director.

Key Dates

Keywords

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