Form 4: Abdiel Capital Increases Stake in Appian Corp (APPN) Through Multiple Transactions

Abdiel Capital Advisors, LP and related entities have increased their beneficial ownership of Appian Corp (APPN) Class A Common Stock through a series of purchases between August 7 and August 9, 2024.

Summary

• Abdiel Capital Advisors, LP, along with related entities including Abdiel Qualified Master Fund, LP, Abdiel Capital, LP, Abdiel Partners, LLC, Abdiel Capital Management, LLC, and Colin T. Moran, have reported changes in their beneficial ownership of Appian Corp (APPN) Class A Common Stock.
• Between August 7 and August 9, 2024, these entities purchased shares of Appian's Class A Common Stock in multiple transactions at varying prices.
• The purchases were made at prices ranging from $26.90 to $28.48 per share.
• These transactions increased their total indirect beneficial ownership to 8,380,847 shares.
• A portion of the shares sold are matchable under Section 16(b) of the Securities and Exchange Act of 1934, and the Reporting Persons have made arrangements with the Issuer to voluntarily disgorge to the Issuer the Section 16(b) profit that resulted from the transaction reported herein.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Increased ownership by a major shareholder is generally viewed positively, but the filing itself is a routine disclosure.

Positives

• Increased investment by Abdiel Capital may signal confidence in Appian's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's stock; this filing indicates increased ownership by Abdiel Capital, a major shareholder.

Stakeholder Impact

• Increased stake by Abdiel Capital could positively influence investor confidence.

Key Dates