Colendich Katie Marie 4

What Happened
Katie Marie Colendich, General Counsel and Corporate Secretary of Asana, sold a total of 6,515 shares of Asana Class A common stock in two open-market transactions. On 2026-03-24 she sold 1,500 shares at $6.39 each ($9,585), and on 2026-03-25 she sold 5,015 shares at $6.42 each ($32,196). These were sales (not purchases), so they are generally routine dispositions rather than a bullish signal.

Key Details

• Transaction dates and prices:
  • 2026-03-24: 1,500 shares sold at $6.39 ($9,585) (S)
  • 2026-03-25: 5,015 shares sold at $6.42 ($32,196) (S)
• Total sold: 6,515 shares for approximately $41,781.
• Shares owned after transaction: not specified in the publicly supplied summary of this filing.
• Footnotes of note:
  • F1: Includes 1,500 additional shares acquired under Asana’s 2020 Employee Stock Purchase Plan on March 13, 2026 (this ESPP acquisition is exempt from Rule 16b-3(c)).
  • F2: The reported sales were made pursuant to a Rule 10b5-1 trading plan adopted June 27, 2025 (pre-arranged trading plan).
• Filing timeliness: Form 4 was filed on 2026-03-26 for transactions on 2026-03-24 and 2026-03-25 (filing appears timely).

Context: Sales made under a 10b5-1 plan are typically pre-set and scheduled in advance; they do not necessarily reflect the insider’s current view of the company. For retail investors, purchases tend to be more informative than routine sales, but the presence of an established trading plan is important context for interpreting this activity.