SCHEDULE: Abdiel Capital Maintains Significant 14.9% Stake in Appian Corporation
Schedule 13D Amendment
Abdiel Capital and its affiliates have filed an Amendment No. 50 to their Schedule 13D, reporting a continued beneficial ownership of 14.9% of Appian Corporation's Class A Common Stock.
Summary
- Abdiel Capital Advisors, LP and Colin T. Moran beneficially own an aggregate of 6,438,930 shares of Appian Corporation's Class A Common Stock.
- This aggregate ownership represents 14.9% of the 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 by Appian Corporation in its Form 10-Q.
- Abdiel Qualified Master Fund, LP holds 6,136,693 shares, representing 14.2% of the class.
- Abdiel Capital, LP holds 294,444 shares, representing 0.7% of the class.
- Abdiel Partners, LLC holds 7,793 shares, representing 0.0% of the class.
- Abdiel Capital Management, LLC, as general partner for Abdiel Qualified Master Fund, LP and Abdiel Capital, LP, beneficially owns 6,431,137 shares, or 14.9% of the class.
- The filing is Amendment No. 50 to the original Schedule 13D filed on June 12, 2017.
- The purpose of the transaction is stated as 'Not Applicable', indicating no new strategic intent or change in control is being reported beyond the ownership update.
Sentiment
Score: 5
Explanation: The filing is a routine Schedule 13D amendment updating beneficial ownership, with no stated change in investment intent or new material information beyond the ownership percentages. It reflects a neutral, ongoing investment position.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding Appian Corporation's future performance or strategic direction.
Industry Context
This filing is a routine disclosure of beneficial ownership by a significant institutional investor in a publicly traded software company. It reflects the ongoing investment position of Abdiel Capital in Appian Corporation, a company operating in the business process management and low-code development platform industry.
Stakeholder Impact
- Shareholders: The filing confirms a significant institutional investor maintains a substantial stake in the company, which can be viewed as a vote of confidence in the company's long-term prospects by that investor.
Key Dates
| Date | Description |
|---|---|
| 2017-06-12 | Initial Schedule 13D filing by Reporting Persons with respect to Appian Corporation Class A Common Stock. |
| 2025-05-05 | Date as of which 43,140,083 shares of Class A Common Stock were outstanding, as reported in Appian's Form 10-Q. |
| 2025-05-08 | Date Appian Corporation filed its Form 10-Q for the period ended March 31, 2025. |
| 2025-07-18 | Date of event which required the filing of this statement (Amendment No. 50). |
| 2025-07-22 | Date Amendment No. 50 to Schedule 13D was signed by the Reporting Persons. |
Keywords
Appian Corporation, Abdiel Capital, Schedule 13D, Beneficial Ownership, Class A Common Stock, Investment Fund, Software, Cloud Computing
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