Cohler Matt 4

What Happened Matthew Cohler, a director of Asana (ASAN), was granted 1,335 restricted stock units (RSUs) effective 2026-05-01 as director compensation elected in lieu of cash. The grant shows an acquisition at $0.00 (no cash paid). Each RSU represents a contingent right to one share of Class A common stock upon settlement; total dollar value is based on Asana’s closing price on 2026-04-30 (not stated in the filing).

Key Details

• Transaction date and record: 2026-05-01; reported on Form 4 filed 2026-05-05.
• Price/consideration: $0.00 per RSU; reported total cash amount $0.
• Vesting/settlement: 100% of the RSUs vest on the earlier of June 16, 2026 or the next annual meeting of stockholders, subject to Cohler’s continuous service (footnote F2).
• Grant basis: Shares were elected in lieu of cash compensation for the quarter ended April 30, 2026; the number of shares was calculated using the closing price on 2026-04-30 (footnote F1).
• Ownership after transaction: Not specified in the provided extract; the filing notes some shares are held by an irrevocable trust entity associated with Matthew Cohler (footnote F3).
• Timeliness: Filed within the required two-business-day window (transaction 2026-05-01, filed 2026-05-05).

Context This was a routine director compensation award (RSUs in lieu of cash), not an open-market purchase or sale. RSUs are a contingent grant that converts to actual shares upon settlement and vesting; they do not require immediate cash outlay by the insider and are commonly used for board pay. Such awards are informational for investors but do not, by themselves, indicate an insider’s buying or selling sentiment.