Parekh Sonalee Elizabeth 4

What Happened
Parekh Sonalee Elizabeth, Asana's Chief Financial Officer, sold 34,151 shares of ASAN stock on March 20, 2026. The shares were disposed at $6.65 per share for a reported total of $227,015. This was a sale (not a purchase) and appears to be a routine sell-to-cover to satisfy tax obligations from RSU vesting rather than a directional bet on the company.

Key Details

• Transaction date: 2026-03-20; Filing date: 2026-03-24 (filed within required timeframe).
• Price per share: $6.65; Reported proceeds: $227,015.
• Shares disposed: 34,151 (transaction code S = Sale).
• Shares owned after the transaction: Not disclosed in the provided filing summary.
• Footnote: Sale effected pursuant to the issuer’s sell-to-cover policy to satisfy tax obligations from the vesting/settlement of RSUs (footnote F1).
• Timeliness: Filed on Mar 24, 2026; this meets the Form 4 two-business-day filing requirement for a Mar 20 transaction.

Context
Sell-to-cover transactions are common when RSUs vest — the company or insider sells a portion of shares to cover taxes and withholding. Such sales are typically administrative and do not necessarily indicate insider sentiment about the company’s outlook.