Asana, Inc. Form 8-K Filing

Asana, Inc. has announced the adoption of its Incentive Bonus Plan and amendments to its Executive Severance and Change in Control Benefit Plan, both effective March 10, 2026. The Incentive Bonus Plan allows the company to grant cash-based incentive awards to employees, including the CEO and CFO, based on performance goals determined by an administrator. These goals can encompass a wide range of metrics, including financial results, operational efficiency, and individual objectives. The Compensation Committee of the Board of Directors will generally administer this plan. Additionally, the company amended its Executive Severance and Change in Control Benefit Plan to enhance severance benefits for eligible employees. Specifically, for terminations outside of a Change in Control Period, the lump sum cash severance has increased from four to six months of base salary and target incentive, and the COBRA premium payment has similarly increased from four to six months. The company also appointed Veronica Sosa as Chief Accounting Officer and Principal Accounting Officer on March 11, 2026. Ms. Sosa previously served as Vice President, Global Corporate Controller since February 2022.