Form 4: Asana Director Matt Cohler Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Matt Cohler reports changes in beneficial ownership of Asana, Inc. stock, including acquisition of shares in lieu of cash compensation and an exempt transfer of shares between trust entities.
Summary
- Matt Cohler, a director of Asana, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's Class A Common Stock.
- On February 3, 2025, Cohler acquired 395 shares of Class A Common Stock in lieu of cash compensation under the Issuer's Non-Employee Director Compensation Policy.
- The number of shares was calculated based on the closing price of Class A Common Stock on January 31, 2025.
- Cohler also reported an exempt transfer of 236,921 shares from his irrevocable trust to his family trust.
- He also holds 14,583 Restricted Stock Units (RSUs) that will vest on the earlier of June 17, 2025, or the next annual meeting, and 9,684 RSUs that vested on June 12, 2023, and will settle on the earlier of June 12, 2025, or a change in control.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The director is increasing their stake in the company, which can be seen as a positive sign. The transactions themselves are routine and expected.
Positives
- The acquisition of shares in lieu of cash compensation demonstrates Cohler's continued investment in Asana's future.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting and settlement dates of the RSUs.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key director at Asana.
Stakeholder Impact
- The changes in beneficial ownership may be of interest to shareholders, as they provide insight into the actions of a key company director.
Key Dates
| Date | Description |
|---|---|
| June 12, 2023 | 100% of 9,684 RSUs vested. |
| January 31, 2025 | Date used to calculate the number of shares of Class A Common Stock received in lieu of cash compensation. |
| February 03, 2025 | Date of the transaction where Matt Cohler acquired shares in lieu of cash compensation and the exempt transfer occurred. |
| February 05, 2025 | Date of the Form 4 filing. |
| June 17, 2025 | Date when 100% of 14,583 RSUs will vest, or the date of the next annual meeting of stockholders, whichever is earlier. |
Keywords
Form 4, Beneficial Ownership, Asana, Matt Cohler, Director, Class A Common Stock, RSU, Restricted Stock Units, Exempt Transfer
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