Form 4: Asana Director Adam D'Angelo Reports Changes in Beneficial Ownership

Director Adam D'Angelo reports acquisition of Class A Common Stock and updates to beneficial ownership.

Summary

• Adam D'Angelo, a director of Asana, Inc., filed a Form 4 to report changes in beneficial ownership.
• On November 1, 2024, D'Angelo acquired 628 shares of Class A Common Stock at a price of $0.
• These shares were received in lieu of cash compensation under Asana's Non-Employee Director Compensation Policy for the quarter ended October 31, 2024.
• The number of shares was calculated based on the closing price of Class A Common Stock on October 31, 2024.
• Following the transaction, D'Angelo directly owns 41,891 shares of Class A Common Stock.
• D'Angelo also indirectly owns 1,078,170 shares of Class A Common Stock through the Adam D'Angelo Revocable Trust Dtd 3/13/08.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports routine transactions. The acquisition of shares by a director is mildly positive, suggesting confidence, 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.

Stakeholder Impact

• The acquisition of shares by a director may have a minor positive impact on shareholder sentiment.

Key Dates