SCHEDULE: Abdiel Capital Amends Appian Stake to 6.6%
Ownership Disclosure Amendment
Abdiel Capital and its affiliates have filed an Amendment No. 53 to their Schedule 13D, reporting a beneficial ownership of 6.6% in Appian Corporation's Class A Common Stock.
Summary
- Abdiel Capital Management, LLC, Abdiel Capital Advisors, LP, and Colin T. Moran collectively beneficially own 2,811,930 shares of Appian Corporation's Class A Common Stock.
- This aggregate ownership represents 6.6% of the Class A Common Stock outstanding.
- The percentage ownership is based on 42,943,872 shares of Class A Common Stock outstanding as of August 4, 2025, as reported in Appian's Form 10-Q.
- The filing is Amendment No. 53 to the original Schedule 13D filed on June 12, 2017.
- The purpose of the transaction is stated as 'Not Applicable', indicating a passive investment stance.
Sentiment
Score: 5
Explanation: The filing is a routine ownership disclosure (Schedule 13D Amendment) and does not contain information that would significantly alter the sentiment towards the company, beyond confirming a continued significant institutional stake.
Positives
- A significant institutional investor, Abdiel Capital, maintains a substantial 6.6% stake in Appian Corporation, indicating continued confidence in the company.
Future Outlook
This filing is an ownership disclosure and does not contain forward-looking statements or guidance regarding Appian Corporation's future performance or outlook.
Industry Context
This filing reflects a routine update to a significant institutional investor's stake in a publicly traded software company, Appian Corporation. It does not provide broader industry trends or competitive analysis.
Legal Proceedings
- No legal proceedings are required to be disclosed for any of the Reporting Persons pursuant to Items 2(d) or 2(e).
Stakeholder Impact
- Shareholders benefit from the transparency provided by this filing regarding the beneficial ownership of a significant institutional investor, Abdiel Capital, in Appian Corporation.
Key Dates
| Date | Description |
|---|---|
| 2017-06-12 | Original Schedule 13D filing date by Reporting Persons. |
| 2025-08-04 | Date as of which Appian Corporation's Class A Common Stock outstanding shares (42,943,872) were reported in its Form 10-Q. |
| 2025-08-07 | Date Appian Corporation's Form 10-Q for the period ended June 30, 2025, was filed with the SEC. |
| 2025-08-11 | Filing date of Amendment No. 52 to Schedule 13D. |
| 2025-08-12 | Date of event which requires filing of this statement (Amendment No. 53). |
| 2025-08-14 | Filing date of Amendment No. 53 to Schedule 13D. |
Keywords
Appian Corporation, Abdiel Capital, Schedule 13D, Beneficial Ownership, Class A Common Stock, Institutional Investment, SEC Filing
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