Form 4: Asana Director Adam D'Angelo Reports Stock Acquisition
SEC Form 4 Filing
Director Adam D'Angelo acquired 504 shares of Asana, Inc. Class A Common Stock in lieu of cash compensation.
Summary
- On May 1, 2024, Adam D'Angelo, a director of Asana, Inc., acquired 504 shares of Class A Common Stock.
- The acquisition was in lieu of cash compensation under Asana's Non-Employee Director Compensation Policy for the quarter ended April 30, 2024.
- The price was calculated based on the closing price of a share of Class A Common Stock on April 30, 2024.
- Following the transaction, D'Angelo directly owns 26,165 shares and indirectly owns 1,078,170 shares through a revocable trust.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine transaction. Insider buying is generally viewed positively, but the amount is relatively small.
Positives
- The acquisition of shares by a director can be seen as a positive sign, 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 transaction has a minor positive impact on shareholder confidence due to insider buying.
Key Dates
| Date | Description |
|---|---|
| 03/13/2008 | Date of Adam D'Angelo Revocable Trust |
| 04/30/2024 | End of quarter for Non-Employee Director Compensation Policy |
| 04/30/2024 | Date used to calculate the price of Class A Common Stock |
| 05/01/2024 | Date of transaction (stock acquisition) |
| 05/03/2024 | Date of signature on the Form 4 filing |
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