Asana, Inc. — Director's Dealing 2020

Dec 16, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Asana, Inc. (ASAN)
CIK: 0001477720
Period of Report: 2020-12-11

Reporting Person: SPURLOCK STEVEN M (10% Owner)
Reporting Person: BALKANSKI ALEXANDRE (10% Owner)
Reporting Person: DUNLEVIE BRUCE (10% Owner)
Reporting Person: FENTON PETER H (10% Owner)
Reporting Person: GURLEY J WILLIAM (10% Owner)
Reporting Person: HARVEY KEVIN (10% Owner)
Reporting Person: KAGLE ROBERT (10% Owner)
Reporting Person: LASKY MITCHELL (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-11	Class A Common Stock	J	2800000	$0.00	Disposed	645265	Indirect
2020-12-11	Class A Common Stock	J	111914	$0.00	Acquired	223818	Indirect
2020-12-11	Class A Common Stock	J	147808	$0.00	Acquired	295604	Indirect
2020-12-11	Class A Common Stock	J	14358	$0.00	Acquired	28716	Indirect
2020-12-11	Class A Common Stock	J	113746	$0.00	Acquired	221406	Direct
2020-12-11	Class A Common Stock	S	3676	$27.8977	Disposed	217730	Direct
2020-12-11	Class A Common Stock	S	2391	$28.5139	Disposed	215339	Direct
2020-12-11	Class A Common Stock	J	241769	$0.00	Acquired	483519	Indirect
2020-12-11	Class A Common Stock	J	37235	$0.00	Acquired	72646	Indirect
2020-12-11	Class A Common Stock	S	1102	$27.8977	Disposed	71544	Indirect
2020-12-11	Class A Common Stock	S	718	$28.5139	Disposed	70826	Indirect
2020-12-11	Class A Common Stock	J	89039	$0.00	Acquired	178067	Direct
2020-12-11	Class A Common Stock	J	65572	$0.00	Acquired	125066	Indirect
2020-12-11	Class A Common Stock	S	3676	$27.8977	Disposed	121390	Indirect
2020-12-11	Class A Common Stock	S	2391	$28.5139	Disposed	118999	Indirect
2020-12-11	Class A Common Stock	J	5982	$0.00	Acquired	11964	Direct
2020-12-11	Class A Common Stock	J	116139	$0.00	Acquired	232258	Indirect
2020-12-11	Class A Common Stock	J	11965	$0.00	Acquired	23930	Direct

Footnotes

F1: Shares are held directly by Benchmark Capital Partners VI, L.P. (BCP VI) for itself and as nominee for Benchmark Founders' Fund VI, L.P. (BFF VI), Benchmark Founders' Fund VI-B, L.P. (BFF VI-B) and related individuals. Benchmark Capital Management Co. VI, L.L.C. (BCMC VI), the general partner of BCP VI, BFF VI and BFF VI-B, may be deemed to have sole voting and dispositive power over the securities. Matthew R. Cohler, a member of the Issuer's board of directors, Alexandre Balkanski, Bruce W. Dunlevie, Peter H. Fenton, J. William Gurley, Kevin R. Harvey, Robert C. Kagle, Mitchell H. Lasky and Steven M. Spurlock are the managing members of BCMC VI, and each of them may be deemed to share voting and dispositive power over the securities held by such entities. Each such person and entity disclaims the existence of a "group" and disclaims beneficial ownership of the securities, except to the extent of such person's or entity's pecuniary interest in such securities.

F2: Represents a pro-rata, in-kind distribution by BCP VI and its affiliated funds and associated persons, without additional consideration, to their respective partners, members and assignees.

F3: Shares owned directly by entities controlled by Alexandre Balkanski.

F4: Shares owned directly by entities controlled by Bruce W. Dunlevie.

F5: Shares owned directly by entities controlled by J. William Gurley.

F6: Shares owned directly by William Gurley.

F7: Represents the weighted-average sale price per share of a series of transactions, all of which were executed on December 11, 2020. The actual sale prices ranged from a low of $27.3875 to a high of $28.375, inclusive. Each Reporting Person undertakes to provide upon request of the SEC Staff, Asana, Inc. or any security holder of Asana, Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.

F8: Represents the weighted-average sale price per share of a series of transactions, all of which were executed on December 11, 2020. The actual sale prices ranged from a low of $28.39 to a high of $28.73, inclusive. Each Reporting Person undertakes to provide upon request of the SEC Staff, Asana, Inc. or any security holder of Asana, Inc. full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 4 decimal points.

F9: Shares owned directly by entities controlled by Kevin R. Harvey.

F10: Shares owned directly by Steven M. Spurlock's family trust.

F11: Shares owned directly by Robert C. Kagle.

F12: Shares owned directly by Peter H. Fenton's family trust.

F13: Shares owned directly by Peter H. Fenton

F14: Shares owned directly by Mitchell H. Lasky's family trust

F15: Shares owned directly by Mitchell H. Lasky.