Parekh Sonalee Elizabeth 4
4 · Asana, Inc. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Asana (ASAN) CFO Sonalee Parekh Sells Shares
What Happened Sonalee Parekh, Chief Financial Officer of Asana, sold 18,717 shares in an open-market transaction on March 23, 2026. The reported weighted-average sale price was $6.62 per share, resulting in aggregate proceeds of approximately $123,820. This was a sale (not a purchase), which is often routine insider liquidity rather than a directional bet on the stock.
Key Details
- Transaction date: 2026-03-23; Form filed: 2026-03-25 (appears timely).
- Transaction type/code: Open market sale (S).
- Shares sold: 18,717; weighted-average price: $6.62; total proceeds: ~$123,820.
- Price range: Sales occurred at prices between $6.45 and $6.75 per share (weighted average reported; reporting person can provide per-price breakdown on request).
- Shares owned after the transaction: Not disclosed in the provided filing excerpt.
- Footnotes: Sales were effected under a Rule 10b5-1 trading plan adopted March 12, 2025.
Context A Rule 10b5-1 plan indicates the sales were executed under a pre-established trading plan, which can help insulate the transaction from claims of trading on inside information. The filing shows a routine disposition of shares; it does not, by itself, indicate management’s view of Asana’s near-term prospects.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-03-23$6.62/sh−18,717$123,820→ 915,281 total
Footnotes (2)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted March 12, 2025.
- [F2]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $6.45 to $6.75 per share. The Reporting Person 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 set forth in this footnote.