Asana, Inc. Files 8-K Report

TL;DR

Asana filed an 8-K, standard disclosure stuff.

AI Summary

On June 20, 2024, Asana, Inc. filed an 8-K report. The filing primarily concerns Regulation FD disclosures and other events, along with financial statements and exhibits. No specific material events or financial figures were detailed in the provided excerpt, but the filing indicates standard reporting procedures.

Why It Matters

This 8-K filing by Asana, Inc. serves as a public disclosure of material information, ensuring transparency for investors and the market.

Risk Assessment

Risk Level: low — The filing is a routine 8-K report and does not appear to disclose any new material risks or adverse information.

Key Players & Entities

• Asana, Inc. (company) — Registrant
• June 20, 2024 (date) — Date of Report
• Delaware (jurisdiction) — State of Incorporation
• 633 Folsom Street, Suite 100, San Francisco, CA 94107 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.00001 — hich registered Class A Common Stock, $0.00001 par value ASAN New York Stock Exchange
• $150 million — ed a stock repurchase program for up to $150 million of its Class A common stock. Stock repu

Filing Documents

• asan-20240620.htm (8-K) — 34KB
• a991projectartemis-pressre.htm (EX-99.1) — 12KB
• 0001477720-24-000030.txt ( ) — 175KB
• asan-20240620.xsd (EX-101.SCH) — 2KB
• asan-20240620_lab.xml (EX-101.LAB) — 22KB
• asan-20240620_pre.xml (EX-101.PRE) — 13KB
• asan-20240620_htm.xml (XML) — 3KB

01 Regulation FD

Item 7.01 Regulation FD. On June 20, 2024, Asana, Inc., (the "Company") issued a press release announcing that its Board of Directors has approved a share repurchase program, the details of which are set forth in Item 8.01 below, and reaffirmed its financial guidance, other than net loss per share due to the recency of the repurchase program, for the second quarter and full fiscal year 2025 previously provided in the Company's earnings press release dated May 30, 2024. A copy of the press release announcing the share repurchase program dated June 20, 2024 is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information furnished pursuant to Item 7.01 of this Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01 Other Events

Item 8.01 Other Events. On June 20, 2024, the Company issued a press release announcing that its Board of Directors has authorized a stock repurchase program for up to $150 million of its Class A common stock. Stock repurchases under the stock repurchase program may be made from time to time through, including without limitation, open market purchases or through privately negotiated transactions and/or structured repurchase agreements with third parties, block purchases or derivative contracts, and/or pursuant to Rule 10b5-1 trading plans, subject to market conditions, applicable securities laws and other legal requirements, and other relevant factors. The stock repurchase program does not obligate the Company to acquire any particular amount of Class A common stock, and may be suspended, modified, or terminated at any time, without prior notice. The number of shares to be repurchased will depend on market conditions and other factors. Repurchases under the program are expected to be funded from existing cash and cash equivalents. The stock repurchase program is expected to continue through June 30, 2025, unless extended or shortened by the Board of Directors.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, statements about the Company's financial outlook for the second quarter and full fiscal year 2025 and stock repurchase program. Forward-looking statements generally relate to future events or the Company's future financial or operating performance. Forward-looking statements include all statements that are not historical facts and in some cases can be identified by terms such as "anticipate," "expect," "intend," "plan," "believe," "continue," "could," "potential," "may," "will," "goal," or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including factors beyond the Company's control, that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: the Company's capital allocation strategy, the Company's ability to achieve future growth and sustain its growth rate, the timing and ability of the Company to reach profitability, the Company's ability to attract and retain customers and increase sales to its customers, the Company's ability to develop and release new products and services and to scale its platform, including the successful integration of artificial intelligence, the Company's ability to increase adoption of its platform through its self-service model, the Company's ability to maintain and grow its relationships with strategic

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated June 20, 2024, announcing a share repurchase program. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASANA, INC. Dated: June 20, 2024 By: /s/ Eleanor Lacey Eleanor Lacey General Counsel and Corporate Secretary