Form 4: Asana Director Justin Rosenstein Converts Shares and Donates to Charity

Director Justin Rosenstein converted 500,000 shares of Class B Common Stock to Class A Common Stock and donated 500,000 shares of Class A Common Stock to the National Philanthropic Trust.

Summary

• On March 19, 2025, Justin Rosenstein, a director and 10% owner of Asana, Inc., converted 500,000 shares of Class B Common Stock into Class A Common Stock.
• Rosenstein also donated 500,000 shares of Class A Common Stock to the National Philanthropic Trust.
• Following these transactions, Rosenstein directly owns 847,309 shares of Class A Common Stock.
• Rosenstein also indirectly owns 847,458 shares of Class A Common Stock through the Justin Rosenstein 2024 Grantor Retained Annuity Trust.
• He also directly owns 16,066,532 shares of Class B Common Stock which are convertible to Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as directors or officers, make transactions in their company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a key insider.
• The donation to the National Philanthropic Trust may have a positive impact on the recipients of the charity's support.

Key Dates

Keywords

Form 4, Beneficial Ownership, Justin Rosenstein, Asana, ASAN, Class A Common Stock, Class B Common Stock, Donation, Conversion, National Philanthropic Trust, Director, 10% Owner