SCHEDULE 13D/A: Abdiel Capital Affirms 22.7% Stake in Appian Corporation Through Latest SEC Filing
Beneficial Ownership Update
Abdiel Capital and its affiliated entities have filed Amendment No. 45 to their Schedule 13D, confirming a beneficial ownership of 22.7% of Appian Corporation's Class A Common Stock.
Summary
- Abdiel Qualified Master Fund, LP, Abdiel Capital, LP, Abdiel Partners, LLC, Abdiel Capital Management, LLC, Abdiel Capital Advisors, LP, and Colin T. Moran are the reporting persons.
- The aggregate amount beneficially owned by the primary reporting persons (Abdiel Capital Advisors, LP and Colin T. Moran) is 9,760,219 shares of Appian Corporation's Class A Common Stock.
- This ownership represents 22.7% of the Class A Common Stock outstanding, based on 42,957,026 shares outstanding as of February 17, 2025.
- The filing is Amendment No. 45 to the original Schedule 13D filed on June 12, 2017, indicating a continuous reporting of their significant stake.
- The purpose of the transaction and source of funds are noted as 'Not Applicable' and 'Other' respectively, consistent with a passive investment by an investment fund.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine regulatory filing updating beneficial ownership and does not contain performance or strategic news, nor does it indicate a change in investment intent.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Minimal impact on shareholders as this is a routine disclosure of an existing significant stake and does not signal a change in investment strategy or corporate control.
Key Dates
| Date | Description |
|---|---|
| 2017-06-12 | Original Schedule 13D filing date by the Reporting Persons. |
| 2025-02-17 | Date as of which 42,957,026 shares of Class A Common Stock were outstanding, as reported in the Issuer's Form 10-K. |
| 2025-04-11 | Date of event which requires filing of this statement (Amendment No. 45). |
| 2025-04-15 | Date of signing and filing of Amendment No. 45 to Schedule 13D. |
Keywords
Appian Corporation, APPN, Abdiel Capital, Schedule 13D, beneficial ownership, institutional investor, SEC filing, Class A Common Stock
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