Form 4: Appian Corp Director Sells 700 Shares of Class A Common Stock

Appian Corp director William D. McCarthy sold 700 shares of Class A Common Stock at a price of $38.78 per share on December 3, 2024.

Summary

• On December 3, 2024, William D. McCarthy, a director at Appian Corp, sold 700 shares of Class A Common Stock.
• The sale was executed at a price of $38.78 per share.
• Following the transaction, McCarthy directly owns 7,966 shares of Appian Corp Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine sale of shares by a director. It doesn't inherently suggest positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure of a transaction by a company insider. Such transactions are common and are closely monitored by investors for insights into management's view of the company's prospects.

Comparison to Industry Standards

• Director share sales are a common occurrence in publicly traded companies.
• The sale of 700 shares is not a significant amount compared to the total outstanding shares of Appian Corp.
• Similar transactions are regularly reported by directors and officers of other technology companies.

Stakeholder Impact

• The sale of shares by a director may be of interest to shareholders, but the relatively small amount is unlikely to have a significant impact on the stock price.

Key Dates

Keywords

Appian Corp, Director Sale, Class A Common Stock, SEC Form 4, Insider Trading