Form 4: Appian Corp Executive Christopher Winters Reports Stock Transactions
SEC Form 4 Filing
Christopher Winters, General Counsel of Appian Corporation, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- On November 5, 2024, Christopher Winters, General Counsel of Appian Corporation, reported transactions involving Appian's Class A Common Stock and Restricted Stock Units (RSUs).
- Winters acquired 8,052 shares of Class A Common Stock upon the conversion of RSUs at a price of $0.
- He also disposed of 2,425 shares of Class A Common Stock to cover tax obligations at a price of $38.67 per share.
- The transactions resulted in Winters holding 25,505 shares of Class A Common Stock directly.
- Winters also holds various RSUs, some fully vested and others vesting in future installments, representing the right to acquire additional shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The document indicates future vesting dates for RSUs, suggesting continued equity-based compensation for the reporting person.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for investor confidence and regulatory compliance.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider trading activity.
- The disposal of shares to cover tax obligations may have a minor impact on the stock's trading volume.
Key Dates
| Date | Description |
|---|---|
| August 2, 2022 | Date of grant for some of the Restricted Stock Units (RSUs) that vest in four equal installments commencing on November 6, 2023. |
| November 6, 2023 | Commencement date for vesting of RSUs granted on August 2, 2022. |
| October 31, 2023 | Date of grant for some of the Restricted Stock Units (RSUs) that vest in four equal installments commencing on November 5, 2024. |
| November 5, 2024 | Date of the reported transactions: acquisition and disposal of Class A Common Stock and RSUs; commencement date for vesting of RSUs granted on October 31, 2023; date of grant for some of the Restricted Stock Units (RSUs) that vest on November 5, 2025 and in four equal annual installments commencing on November 5, 2025. |
| November 7, 2024 | Date of signature on the Form 4 filing. |
| November 5, 2025 | Vesting date for RSUs granted on November 5, 2024; commencement date for vesting of RSUs granted on November 5, 2024 that vest in four equal annual installments. |
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