SCHEDULE 13D/A: Abdiel Capital Amends Appian Stake Disclosure, Maintaining 18.0% Beneficial Ownership
Schedule 13D Amendment
Abdiel Capital and its affiliated entities have filed Amendment No. 48 to their Schedule 13D, disclosing continued beneficial ownership of 18.0% of Appian Corporation's Class A Common Stock as of June 6, 2025.
Summary
- This document is Amendment No. 48 to the Schedule 13D filing by Abdiel Capital and its affiliated reporting persons regarding their beneficial ownership in Appian Corporation's Class A Common Stock.
- The reporting persons include Abdiel Qualified Master Fund, LP, Abdiel Capital, LP, Abdiel Partners, LLC, Abdiel Capital Management, LLC, Abdiel Capital Advisors, LP, and Colin T. Moran.
- As of June 6, 2025, the reporting persons collectively beneficially own 7,746,941 shares of Appian Corporation's Class A Common Stock.
- This aggregate ownership represents 18.0% of the total 43,140,083 Class A Common Stock shares outstanding as of May 5, 2025, as reported in Appian Corporation's Form 10-Q.
- Abdiel Qualified Master Fund, LP holds 7,406,014 shares (17.2%), Abdiel Capital, LP holds 329,707 shares (0.8%), and Abdiel Partners, LLC holds 11,220 shares (0.0%).
- Colin T. Moran, as managing member of the controlling entities, shares voting and dispositive power over the entire 7,746,941 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing (Schedule 13D Amendment) disclosing beneficial ownership. It does not contain information that would inherently suggest positive or negative sentiment regarding the issuer's performance or outlook, but rather serves as a factual update on a significant investor's stake.
Future Outlook
NA
Industry Context
This filing is a routine disclosure required by the SEC for investors who acquire more than 5% of a company's stock. It provides transparency regarding significant ownership stakes in publicly traded companies, which is standard practice in the financial industry.
Stakeholder Impact
- Shareholders: Provides updated information on a significant institutional investor's stake in Appian Corporation, offering transparency regarding major ownership positions.
Key Dates
| Date | Description |
|---|---|
| 2017-06-12 | Initial Schedule 13D filing with the SEC by the Reporting Persons. |
| 2025-05-05 | Date as of which 43,140,083 shares of Class A Common Stock were outstanding, as reported in Appian Corporation's Form 10-Q. |
| 2025-05-08 | Date Appian Corporation's Report on Form 10-Q for the period ended March 31, 2025, was filed with the SEC. |
| 2025-06-03 | Filing date of Amendment No. 47 to the Schedule 13D. |
| 2025-06-06 | Date of event which requires the filing of this Amendment No. 48 to Schedule 13D. |
| 2025-06-10 | Date this Amendment No. 48 to Schedule 13D was signed and filed. |
Keywords
Appian Corporation, Abdiel Capital, Schedule 13D, Beneficial Ownership, Class A Common Stock, SEC Filing, Investment Management, Shareholder Disclosure
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