Asana (ASAN) Director Matt Cohler Receives 823-Share Award

What Happened

• Matt Cohler, a director of Asana, received 823 shares of Class A common stock on Feb 2, 2026. The shares were reported at $0.00 (award/acquisition) because they were issued in lieu of cash director compensation for the quarter ended Jan 31, 2026; the share count was calculated using Asana’s closing price on Jan 30, 2026.

Key Details

• Transaction date and price: 2026-02-02, 823 shares @ $0.00 (award/acquisition).
• Filing date: Form 4 filed 2026-02-04 for a 2026-02-02 transaction (appears timely).
• Shares owned after transaction: not specified in the excerpt provided. The filing’s footnotes note an exempt transfer of 284,008 shares from an irrevocable trust to Cohler’s direct holdings (F2) and references to other trust-held shares (F4).
• Notable footnotes:
  • F1: Shares were elected in lieu of cash under the Non-Employee Director Compensation Policy; share count based on Jan 30, 2026 closing price.
  • F3: The filing also references RSUs (each converts to one share) that vest 100% on the earlier of June 16, 2026 or the next annual meeting, subject to service.

Context

• This is compensation-related issuance, not an open-market purchase or sale — such awards reflect pay structure rather than a direct buy/sell signal. RSU language in the filing describes future vesting terms for certain grants; check the full Form 4 for complete holdings and vesting details.