Asana (NYSE: ASAN) CFO sells 30,650 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Asana, Inc. Chief Financial Officer Megji Aziz reported an open-market sale of 30,650 shares of Class A Common Stock on March 27, 2026 at an average price of $6.1033 per share. The transaction was executed pursuant to a Rule 10b5-1 trading plan adopted on March 14, 2025. Following this sale, Aziz directly holds 224,549 Asana shares, indicating she retains a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 30,650 shares ($187,066)
Net Sell
1 txn
Insider
Megji Aziz
Role
Chief Financial Officer
Sold
30,650 shs ($187K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 30,650 | $6.1033 | $187K |
Holdings After Transaction:
Class A Common Stock — 224,549 shares (Direct)
Footnotes (1)
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Key Figures
Shares sold: 30,650 shares
Sale price: $6.1033 per share
Shares held after sale: 224,549 shares
3 metrics
Shares sold
30,650 shares
Open-market sale on March 27, 2026
Sale price
$6.1033 per share
Average price for the March 27, 2026 sale
Shares held after sale
224,549 shares
Direct ownership following the reported transaction
Key Terms
Rule 10b5-1 trading plan, open-market sale, Class A Common Stock
3 terms
Rule 10b5-1 trading plan financial
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted March 14, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: "open-market sale" for the Class A Common Stock transaction."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class A Common Stock financial
"security_title: "Class A Common Stock" for the reported transaction."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Asana (ASAN) disclose for CFO Megji Aziz?
Asana reported that CFO Megji Aziz sold 30,650 shares of Class A Common Stock in an open-market transaction at an average price of $6.1033 per share. After this sale, she directly owns 224,549 Asana shares.
What type of security did Asana CFO Megji Aziz sell in the Form 4 filing?
The Form 4 shows that CFO Megji Aziz sold Asana’s Class A Common Stock. The transaction involved 30,650 shares in an open-market sale at an average price of $6.1033 per share.