SCHEDULE: Abdiel Capital Group Maintains Significant 16.3% Stake in Appian Corporation
Beneficial Ownership Amendment
Abdiel Capital and its affiliated entities continue to hold a substantial 16.3% beneficial ownership stake in Appian Corporation's Class A Common Stock, as disclosed in their latest Schedule 13D amendment.
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, are the reporting persons.
- The reporting persons collectively beneficially own 7,028,847 shares of Appian Corporation's Class A Common Stock.
- This ownership represents 16.3% of the total Class A Common Stock outstanding.
- The percentage ownership is calculated based on 43,140,083 shares of Class A Common Stock outstanding as of May 5, 2025, as reported in Appian Corporation's Form 10-Q.
- This filing is Amendment No. 49 to the original Schedule 13D, which was initially filed on June 12, 2017.
Sentiment
Score: 5
Explanation: The document is a routine amendment to a Schedule 13D, indicating a stable, significant ownership stake by an institutional investor. It contains no positive or negative operational or financial news, thus maintaining a neutral sentiment.
Future Outlook
NA
Industry Context
This Schedule 13D amendment reflects the ongoing significant institutional ownership by Abdiel Capital in Appian Corporation, a software company specializing in low-code automation. Such filings are standard disclosures for large investors maintaining or adjusting their stakes in publicly traded technology firms, indicating continued interest in the company's long-term prospects.
Stakeholder Impact
- Shareholders: The continued significant ownership by Abdiel Capital indicates a long-term institutional interest in Appian Corporation, which may be viewed as a sign of confidence by other shareholders.
Key Dates
| Date | Description |
|---|---|
| June 12, 2017 | Original Schedule 13D filed with the SEC. |
| May 5, 2025 | Date as of which 43,140,083 shares of Class A Common Stock were outstanding, as reported in Appian Corporation's Form 10-Q. |
| June 10, 2025 | Filing date of Amendment No. 48 to the Schedule 13D. |
| July 7, 2025 | Date of event which requires filing of this statement. |
| July 9, 2025 | Date of signing of Amendment No. 49 to the Schedule 13D. |
Keywords
Appian Corporation, APPN, Abdiel Capital, Schedule 13D, beneficial ownership, institutional investor, Class A Common Stock, SEC filing
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