{
  "id": 9439817,
  "title": "Asana general counsel Katie Colendich sells over $153,000 in company stock",
  "url": "https://urgent.news/2026/09/23/asana-general-counsel-katie-colendich-sells-over-153-000-in-company",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T23:19:51.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/asana-general-counsel-katie-colendich-sells-over-153000-in-company-stock-93CH-4914212"
  },
  "original_language": "en",
  "account": "General Counsel and Corporate Secretary at Asana, Katie Colendich, sold over $153,000 worth of the company's Class A Common Stock in two separate transactions on September 21 and 22, 2026. The first sale involved 7,436 shares at a price of $9.526 each, totaling $70,835. This followed the vesting and settlement of Restricted Stock Units (RSUs) and was conducted pursuant to a Rule 10b5-1 trading plan adopted on March 25, 2026. The following day, she sold an additional 8,474 shares for a total of $82,790 at a weighted average price of $9.77 per share. These transactions were made after Asana's stock demonstrated strong performance, with a 43% return over the past six months, and was noted as potentially undervalued by InvestingPro analysis, currently trading around $9.47. Asana boasts impressive gross profit margins of 88%, though it remains unprofitable on an annual basis. Following her sales, Colendich remains a beneficial owner of 161,689 shares of Asana Class A Common Stock, including 1,001 shares acquired under the Asana, Inc. 2020 Employee Stock Purchase Plan. Meanwhile, Asana reported its second-quarter fiscal 2027 results, surpassing Wall Street expectations with adjusted earnings of $0.10 per share on revenue of $216.4 million, marking a 10% increase from the previous year. Analysts have provided mixed opinions on Asana, with some raising their price targets while others expressed concerns over third-quarter guidance and product-led growth challenges.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Asana CFO Megji Aziz sells $367,505 in company stock",
        "url": "https://urgent.news/2026/09/23/asana-cfo-megji-aziz-sells-367-505-in-company-stock",
        "published": "2026-09-23T23:31:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}