Asana, Inc.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Board Chair Transition On September 25, 2026 the Board of Directors (the “Board”) of Asana, Inc. (the “Company”) appointed Dan Rogers, the Company’s Chief Executive Officer and a Class III director, as Chair of the Board to succeed Dustin Moskovitz in that role. As a current employee of the Company, Mr. Rogers is not eligible to receive compensation for his Board service under the Company’s Non-Employee Director Compensation Policy (the “Compensation Policy”). Krista Anderson-Copperman will remain in her position as Lead Independent Director. Mr. Moskovitz will continue to serve on the Board as a Class I director and has waived any compensation he may be eligible to receive under the Compensation Policy. Appointment of Tom Berquist and Jerry Ting as Directors On September 25, 2026, the Board appointed Tom Berquist to serve as a Class II director until the Company’s 2028 Annual Meeting of Stockholders and Jerry Ting to serve as a Class I director until the Company’s 2027 Annual Meeting of Stockholders, in each case, until their successors have been duly elected and qualified, or until their earlier death, resignation or removal. Effective as of the time of their appointments, the Board increased the size of the Board from seven to nine members. Mr. Berquist has been appointed to serve as a member of the Board’s Audit Committee and Compensation Committee. Mr. Ting has been appointed to serve as a member of the Board’s Audit Committee and Nominating and Corporate Governance Committee. Mr. Berquist and Mr. Ting will be compensated for their services as members of the Board and its committees under the terms of the Compensation Policy. Mr. Berquist, age 62, most recently served as Executive Vice President and Chief Financial Officer at Cloud Software Group, a cloud software company, from September 2022 to September 2025. Previously, Mr. Berquist served as Executive Vice President and Chief Financial Officer of TIBCO Software (now part of Cloud Software Group), an infrastructure and analytics software company, from October 2015 to September 2022. Prior to October 2015, Mr. Berquist served as an executive officer at multiple software companies including Corel Corporation and Ingres Corporation, was a Managing Director of Software Equity Research at Citigroup, Goldman Sachs and Piper Sandler, and worked at Deloitte Consulting and Wells Fargo. Mr. Berquist has served on the board of directors of Qualys, an IT and security company, since August 2023. Mr. Berquist holds a B.A. in accounting from the University of Saint Thomas and an M.B.A. from the University of Saint Thomas. Jerry Ting, age 34, has served as Vice President and General Manager of AI and Agents at Workday, a finance and human resources software company, since May 2026 and previously served in other leadership roles at Workday since October 2024. Prior to that, Mr. Ting served as Founder & CEO of Evisort, a legal AI technology company, from April 2016 until October 2024 and prior to its acquisition by Workday. Mr. Ting holds a B.A. in Political Science and Public Relations from the University of Southern California and a J.D. from Harvard Law School. The Company will enter into the Company’s standard form of indemnification agreement with both Mr. Berquist and Mr. Ting in connection with their appointments to the Board. There are no arrangements or understandings between either Mr. Berquist or Mr. Ting and any other persons pursuant to which he was elected as a director of the Company. There are no family relationships between either Mr. Berquist or Mr. Ting, or any other director or executive officer of the Company and Mr. Berquist and Mr. Ting have no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated by the SEC. The press release announcing the Board Chair and director appointments is attached hereto as Exhibit 99.1. Appointment of Heather Le as Chief Accounting Officer and Principal Accounting Officer On September 25, 2026, the Company’s Board appointed Heather Le as the Company’s Chief Accounting Officer and Principal Accounting Officer. Heather Le, age 42, most recently served as Vice President, Corporate Controller, at Fastly, a content delivery, cloud security, and computing services company, from June 2022 to September 2025. Previously, Ms. Le served as Corporate Controller at Coinbase, a cryptocurrency exchange, from November 2021 to March 2022. Prior to that, Ms. Le served in various finance and accounting leadership roles, including Assistant Corporate Controller, at Fitbit, a wearable technology company which was acquired by Google in January 2021, from February 2015 to October 2021. Ms. Le holds a Bachelor of Arts in Business Management Economics from the University of California, Santa Cruz. Ms. Le is a certified public accountant. The Company has entered into an employment offer letter with Ms. Le pursuant to which she will receive an annual base salary of $400,000 and will be eligible to earn an initial annual target bonus equal to 15% of her annual base salary, pro-rated for the numbers of days served in fiscal year 2027. Subject to approval by the Compensation Committee of the Board, Ms. Le will also receive a grant of restricted stock units with a total target grant date value of $1,000,000, with the number of units as calculated based on Company policy (the “RSUs”) pursuant to the Company’s 2020 Equity Incentive Plan. Subject to Ms. Le’s continuous service with the Company, two-thirds (66.6%) of the RSUs will vest on the one-year anniversary of the vesting commencement date (“VCD”) determined by the Board or Compensation Committee of the Board and a total of one-third (33.3%) of the RSUs will vest over the remaining four quarters between the first and second anniversary of the VCD. The VCD will be on or around September 20, 2026. Ms. Le is employed “at will” is eligible to participate in the Company’s Executive Severance Plan. The Company will enter into the Company’s standard form of indemnification agreement with Ms. Le. There are no arrangements or understandings between Ms. Le and any other persons pursuant to which she was appointed as Chief Accounting Officer of the Company. There are no family relationships between Ms. Le and any director or executive officer of the Company and she has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated by the SEC.