Form 4: Asana Director Lorrie M Norrington Reports Acquisition of Class A Common Stock

Director Lorrie M Norrington reports acquisition of 1,230 shares of Asana, Inc. Class A Common Stock in lieu of cash compensation.

Summary

• On November 1, 2024, Lorrie M Norrington, a director of Asana, Inc., acquired 1,230 shares of Class A Common Stock.
• The 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 Asana's Class A Common Stock on October 31, 2024.
• Norrington elected to defer the receipt of these shares to a future date under Asana's Directors' Deferred Compensation Plan.
• Following the transaction, Norrington directly owns 124,058 shares of Class A Common Stock and indirectly owns 2,295 shares through Norrington Advisory Services, LLC.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction indicating continued director involvement and investment in the company. It's a neutral to slightly positive signal.

Positives

• The director's decision to take shares in lieu of cash demonstrates confidence in the company's future.

Industry Context

Directors receiving stock in lieu of cash compensation is a common practice, especially in growth-oriented companies, as it aligns their interests with those of shareholders.

Stakeholder Impact

• The transaction signals to shareholders that a director is invested in the company's success.

Key Dates