Colendich Katie Marie 4

What Happened

• Katie Marie Colendich, General Counsel and Corporate Secretary of Asana, reported a sale of 3,575 shares on 2026-03-20. The shares were disposed at $6.65 each for total proceeds of $23,764. The report lists the transaction as an open market or private sale (code S).

Key Details

• Transaction date and price: 2026-03-20 — 3,575 shares at $6.65 per share.
• Proceeds: $23,764.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Filing date: Form 4 filed 2026-03-24 covering the 2026-03-20 transaction; this appears timely (filed within the SEC’s 2 business-day window).
• Footnote: The sale was effected pursuant to the issuer’s policy as a "sell-to-cover" to satisfy tax obligations arising from the vesting/settlement of Restricted Stock Units (RSUs).

Context

• Sell-to-cover transactions are routine tax-withholding sales tied to RSU vesting and do not necessarily indicate a change in the insider’s view of the company. Sales (code S) are generally less informative about insider sentiment than purchases. This transaction appears administrative in nature per the footnote.