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

Director Lorrie M. Norrington reports acquisition of Asana Class A Common Stock in lieu of cash compensation, deferring receipt to a future date.

Summary

• On May 1, 2025, Lorrie M. Norrington, a director of Asana, Inc., reported acquiring 910 shares of Class A Common Stock.
• These shares were received in lieu of cash compensation under Asana's Non-Employee Director Compensation Policy for the quarter ended April 30, 2025.
• The number of shares was calculated based on the closing price of Asana's Class A Common Stock on April 30, 2025.
• Norrington elected to defer the receipt of these shares to a future date under Asana's Directors' Deferred Compensation Plan.
• Norrington also indirectly owns 2,295 shares through Norrington Advisory Services, LLC.
• Following the transaction, Norrington directly owns 125,656 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. There's no indication of significant positive or negative news.

Positives

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

Future Outlook

The director has elected to defer the receipt of the shares to a future date, indicating a long-term perspective.

Industry Context

Directors receiving stock in lieu of cash compensation is a common practice in the tech industry, aligning their interests with shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Asana, Director, Lorrie M. Norrington, Class A Common Stock, Share Acquisition, Form 4, SEC Filing, Deferred Compensation