Asana, Inc. — Director's Dealing 2020

Sep 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Asana, Inc. (ASAN)
CIK: 0001477720
Period of Report: 2020-09-21

Reporting Person: Founders Fund IV Management, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-22	Class A Common Stock	C	36217	$0.00	Acquired	6503520	Indirect
2020-09-22	Class A Common Stock	C	11626	$0.00	Acquired	2087656	Indirect
2020-09-22	Class A Common Stock	C	92470	$0.00	Acquired	6595990	Indirect
2020-09-22	Class A Common Stock	C	29683	$0.00	Acquired	2117339	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-21	Series D Preferred Stock	$	C	36217	Disposed		Existing Class B Common Stock (36217)	Indirect
2020-09-21	Existing Class B Common Stock	$	C	36217	Acquired		Class A Common Stock (36217)	Indirect
2020-09-21	Existing Class B Common Stock	$	J	36217	Disposed		Class A Common Stock (36217)	Indirect
2020-09-21	Class B Common Stock	$	J	36217	Acquired		Class A Common Stock (36217)	Indirect
2020-09-22	Class B Common Stock	$	C	36217	Disposed		Class A Common Stock (36217)	Indirect
2020-09-21	Series D Preferred Stock	$	C	11626	Disposed		Existing Class B Common Stock (11626)	Indirect
2020-09-21	Existing Class B Common Stock	$	C	11626	Acquired		Class A Common Stock (11626)	Indirect
2020-09-21	Existing Class B Common Stock	$	J	11626	Disposed		Class A Common Stock (11626)	Indirect
2020-09-21	Class B Common Stock	$	J	11626	Acquired		Class A Common Stock (11626)	Indirect
2020-09-22	Class B Common Stock	$	C	11626	Disposed		Class A Common Stock (11626)	Indirect
2020-09-21	Series E Preferred Stock	$	C	92470	Disposed		Existing Class B Common Stock (92470)	Indirect
2020-09-21	Existing Class B Common Stock	$	C	92470	Acquired		Class A Common Stock (92470)	Indirect
2020-09-21	Existing Class B Common Stock	$	J	92470	Disposed		Class A Common Stock (92470)	Indirect
2020-09-21	Class B Common Stock	$	J	92470	Acquired		Class A Common Stock (92470)	Indirect
2020-09-22	Class B Common Stock	$	C	92470	Disposed		Class A Common Stock (92470)	Indirect
2020-09-21	Series E Preferred Stock	$	C	29683	Disposed		Existing Class B Common Stock (29683)	Indirect
2020-09-21	Existing Class B Common Stock	$	C	29683	Acquired		Class A Common Stock (29683)	Indirect
2020-09-21	Existing Class B Common Stock	$	J	29683	Disposed		Class A Common Stock (29683)	Indirect
2020-09-21	Class B Common Stock	$	J	29683	Acquired		Class A Common Stock (29683)	Indirect
2020-09-22	Class B Common Stock	$	C	29683	Disposed		Class A Common Stock (29683)	Indirect

Footnotes

F1: These shares are held of record by The Founders Fund IV, LP ("FFIV"). The Founders Fund IV Management, LLC ("FFIVM") is the general partner of FFIV. FIVM disclaims beneficial ownership of the reported shares except to the extent of its pecuniary interest therein.

F2: These shares are held of record by The Founders Fund IV Principals Fund, LP ("FFIVP"). FFIVM is the general partner of FFIVP. FFIVM disclaims beneficial ownership of the reported shares except to the extent of its pecuniary interest therein.

F3: The Series D Preferred Stock converted into existing Class B Common Stock ("Existing Class B Common Stock") on a 1:1 basis upon filing of the Issuer's Restated Certificate of Incorporation ("Restated Charter") in connection with the Issuer's direct listing and had no expiration date.

F4: Upon filing of the Issuer's Restated Charter in connection with the Issuer's direct listing, each share of the Issuer's Existing Class B Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

F5: Each share of Class B Common Stock is convertible into one share of Class A Common Stock upon the option of the holder and has no expiration date.

F6: The Series E Preferred Stock converted into Existing Class B Common Stock on a 1:1 basis upon filing of the Restated Charter in connection with the Issuer's direct listing and had no expiration date.