A Form 4 filed on September 23, 2026 with the U.S. Securities and Exchange Commission discloses that Katie Marie Colendich, General Counsel and Corporate Secretary of Asana, Inc. (NASDAQ:ASAN), sold a total of 15,910 shares of Class A Common Stock on September 21 and September 22, 2026.

Key Highlights

  • First sale: 7,436 shares of Class A Common Stock were disposed of on September 21, 2026 at a price of $9.526 per share, pursuant to the issuer's sell-to-cover policy for RSU tax obligations.
  • Second sale: 8,474 shares were disposed of on September 22, 2026 at a weighted average price of $9.77 per share, with individual transactions ranging from $9.76 to $9.81 per share.
  • 10b5-1 plan: The September 22 sale was made pursuant to a Rule 10b5-1 trading plan adopted on March 25, 2026.
  • ESPP shares included: The post-transaction beneficial ownership figure includes 1,001 shares of Class A Common Stock acquired under the Asana, Inc. 2020 Employee Stock Purchase Plan on September 15, 2026, which the filing states is exempt from Rule 16b-3(c).
  • Remaining ownership: Following both transactions, Colendich directly beneficially owned 161,689 shares of Class A Common Stock.

Colendich's Share Sales and Resulting Ownership in Asana

According to the filing, Katie Marie Colendich, serving as General Counsel and Corporate Secretary at Asana, Inc. (NASDAQ:ASAN), reported two separate dispositions of Class A Common Stock on consecutive days. The first transaction on September 21, 2026 involved the sale of 7,436 shares at $9.526 per share. The filing states this sale "was effected pursuant to the Issuer's policy requiring sell-to-cover to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of certain Restricted Stock Units (RSUs)." Following that transaction, Colendich held 170,163 shares directly.

The second transaction, reported for September 22, 2026, involved the sale of 8,474 shares at a weighted average price of $9.77. The filing notes that these shares "were sold in multiple transactions at prices ranging from $9.76 to $9.81 per share" and that this sale was conducted under a Rule 10b5-1 trading plan adopted on March 25, 2026. The filing further states that Colendich "undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range."

After both transactions, the filing reports direct beneficial ownership of 161,689 shares of Class A Common Stock. The filing also discloses that this figure includes 1,001 shares acquired under the Asana, Inc. 2020 Employee Stock Purchase Plan on September 15, 2026, a transaction described as exempt from Rule 16b-3(c). No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

Asana's General Counsel and Corporate Secretary, Katie Marie Colendich, disclosed the sale of 15,910 total shares of Class A Common Stock on September 21 and 22, 2026, leaving her with direct beneficial ownership of 161,689 shares following both transactions.