SCHEDULE: Abdiel Capital Boosts Appian Stake to 9.9%
Schedule 13D Amendment
Abdiel Capital and its affiliates have updated their beneficial ownership in Appian Corporation, reporting a collective 9.9% stake in Class A Common Stock.
Summary
- Abdiel Capital Management, LLC and its affiliates, including Abdiel Qualified Master Fund, LP, Abdiel Capital, LP, Abdiel Partners, LLC, Abdiel Capital Advisors, LP, and Colin T. Moran, collectively beneficially own 4,240,234 shares of Appian Corporation's Class A Common Stock.
- This aggregate ownership represents 9.9% of Appian's Class A Common Stock outstanding.
- The percentage ownership is based on 42,943,872 shares of Class A Common Stock reported by Appian Corporation as outstanding on August 4, 2025, in its Form 10-Q for the period ended June 30, 2025.
- This filing is Amendment No. 52 to the original Schedule 13D filed on June 12, 2017, indicating a long-term investment by Abdiel Capital in Appian.
Sentiment
Score: 5
Explanation: The filing is a routine update of beneficial ownership, indicating a passive investment. It contains no positive or negative operational or financial information about the issuer, thus maintaining a neutral sentiment.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a significant passive investment stake in a publicly traded software company, Appian Corporation, by an investment firm. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 2017-06-12 | Original Schedule 13D filing date by Reporting Persons. |
| 2025-08-04 | Date of Appian's Class A Common Stock outstanding share count (42,943,872 shares) as reported in its Form 10-Q. |
| 2025-08-07 | Date of event requiring this Schedule 13D filing, corresponding to the filing of Appian's Form 10-Q. |
| 2025-08-11 | Filing date of Amendment No. 52 to Schedule 13D. |
Keywords
Appian Corporation, Abdiel Capital, Beneficial Ownership, Class A Common Stock, Investment, SEC Filing, Schedule 13D, Software, Low-code
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