Asana converts $450M mandatory convertible notes into 17.0M Class B shares to Moskovitz trust

Asana, Inc.

Converted $450M aggregate principal 2020 Notes into 17,012,822 shares of Class B Common Stock.
Notes were held by a trust affiliated with co-founder and CEO Dustin Moskovitz.
Conversion elected by company upon meeting closing trading price criteria; shares issued under Section 3(a)(9) exemption.
Shares are Class B Common Stock, which have superior voting rights.

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