secwatch.observer — SEC 8-K summary
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Issuer:     Asana, Inc. (ASAN)
CIK:        0001477720
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0001477720-24-000076
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Asana CFO Tim Wan resigns; Sonalee Parekh named new CFO effective Sept 11, 2024
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- Tim Wan resigns as CFO effective Sept 10, 2024, remains as advisor for transition.
- Sonalee Parekh appointed CFO effective Sept 11, 2024; previously CFO of RingCentral, Divisional CFO at HPE.
- Parekh compensation: $750k base salary, $15M RSU grant with 4-year vesting schedule.
- Under Wan, Asana grew from <300 to ~2000 employees and revenue exceeded $689M.
- Parekh brings 25+ years experience; led RingCentral's doubling of operating profit while achieving >$2B ARR.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477720/000147772024000076/0001477720-24-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477720/000147772024000076/asan-20240827.htm
  HTML page:      https://secwatch.observer/filing/0001477720-24-000076

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