Form 4: Appian CFO Mark Matheos Reports Stock Transactions
SEC Form 4 Filing
Appian's Chief Financial Officer, Mark Matheos, filed a Form 4 detailing the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- On May 6, 2024, Mark Matheos, the CFO of Appian Corp, reported transactions involving Appian's Class A Common Stock and Restricted Stock Units (RSUs).
- Matheos acquired 13,616 shares of Class A Common Stock at $0, likely through the vesting of RSUs.
- He also disposed of 4,101 shares of Class A Common Stock at a price of $31.98.
- The transactions resulted in Matheos holding 10,135 shares of Class A Common Stock following the reported transactions.
- The transactions also involved the vesting and conversion of several tranches of RSUs into Class A Common Stock.
- These RSUs were granted on various dates (May 4, 2021, May 3, 2022, May 8, 2023, and February 13, 2024) and vest according to different schedules.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and potential future actions.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis, with firms like VerityData and InsiderScore providing tools to track and analyze these activities.
- Comparing the CFO's transactions to those of peers at similar SaaS companies (e.g., Salesforce, ServiceNow) can offer insights into relative valuation and management confidence.
- For example, if other CFOs in the SaaS sector are also selling shares after vesting, it might indicate a broader trend of profit-taking or diversification.
Stakeholder Impact
- Shareholders may interpret these transactions as a signal of the CFO's confidence (or lack thereof) in the company's future performance.
- The transactions themselves have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/04/2021 | RSUs granted, vesting in two equal annual installments on May 6, 2024 and May 5, 2025. |
| 05/03/2022 | RSUs granted, vesting in two equal annual installments on May 6, 2024 and May 5, 2025. |
| 05/08/2023 | RSUs granted, vesting in four equal installments on each anniversary of May 5, 2023. |
| 02/13/2024 | RSUs granted, vesting on May 6, 2024. |
| 05/06/2024 | Date of reported transactions: acquisition of stock through RSU vesting and disposal of stock. |
| 05/07/2024 | Date of Form 4 filing. |
| 05/05/2025 | Future vesting date for some of the RSUs. |
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