Form 4: Appian Corp Director Michael J. Mulligan Reports Acquisition of Class A Common Stock

Director Michael J. Mulligan reported acquiring 782 shares of Appian Corp Class A Common Stock on April 1, 2024, while also indirectly owning 3,070 shares through Sea Level Investments.

Summary

• On April 1, 2024, Michael J. Mulligan, a director of Appian Corporation, acquired 782 shares of Class A Common Stock.
• The shares were granted under the Issuer's 2017 Equity Incentive Plan pursuant to the Issuer's Non-Employee Director Compensation Policy.
• The price of the acquired shares was $0.
• Following the transaction, Mulligan directly owns 28,276 shares of Class A Common Stock.
• Mulligan also indirectly owns 3,070 shares through Sea Level Investments (SLI), where he serves as president.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition by a director, neither particularly positive nor negative.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure related to insider trading and is a standard practice for publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates