secwatch.observer — SEC 8-K summary
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Issuer:     Asana, Inc. (ASAN)
CIK:        0001477720
Form:       8-K
Filed at:   2021-07-02T23:59:59+00:00
Accession:  0001477720-21-000038
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477720/000147772021000038/0001477720-21-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477720/000147772021000038/asana8-k7221.htm
  HTML page:      https://secwatch.observer/filing/0001477720-21-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer