Asana, Inc. — Director's Dealing 2020

Sep 22, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

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

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

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series B Preferred Stock	$		Existing Class B Common Stock (6289855)		Indirect
Series B Preferred Stock	$		Existing Class B Common Stock (2019069)		Indirect
Series C Preferred Stock	$		Existing Class B Common Stock (177448)		Indirect
Series C Preferred Stock	$		Existing Class B Common Stock (56961)		Indirect
Series D Preferred Stock	$		Existing Class B Common Stock (36217)		Indirect
Series D Preferred Stock	$		Existing Class B Common Stock (11626)		Indirect
Series E Preferred Stock	$		Existing Class B Common Stock (92470)		Indirect
Series E Preferred Stock	$		Existing Class B Common Stock (29683)		Indirect

Footnotes

F1: The Series B Preferred Stock is convertible into Existing Class B Common Stock on a 1:1 basis and has no expiration date. Upon filing of the Restated Charter, all shares of Series B Preferred Stock will be converted into shares of Existing Class B Common Stock of the Issuer.

F2: Each share of the Issuer's existing Class B Common Stock ("Existing Class B Common Stock") is convertible into one share of the Issuer's Class A Common Stock upon the option of the holder and has no expiration date. Each share of Existing Class B Common Stock is entitled to 100 votes per share. Upon filing of the Issuer's Restated Certificate of Incorporation (the "Restated Charter") in connection with the Issuer's direct listing, each share of Existing Class B Common Stock will be reclassified into one share of the Issuer's Class B Common Stock, each of which is entitled to 10 votes per share.

F3: 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. FFIVM disclaims beneficial ownership of the reported shares except to the extent of its pecuniary interest therein.

F4: 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.

F5: The Series C Preferred Stock is convertible into Existing Class B Common Stock on a 1:1 basis and has no expiration date. Upon filing of the Restated Charter, all shares of Series C Preferred Stock will be converted into shares of Existing Class B Common Stock of the Issuer.

F6: The Series D Preferred Stock is convertible into Existing Class B Common Stock on a 1:1 basis and has no expiration date. Upon filing of the Restated Charter, all shares of Series D Preferred Stock will be converted into shares of Existing Class B Common Stock of the Issuer.

F7: The Series E Preferred Stock is convertible into Existing Class B Common Stock on a 1:1 basis and has no expiration date. Upon filing of the Restated Charter, all shares of Series E Preferred Stock will be converted into shares of Existing Class B Common Stock of the Issuer.