Form 4: Appian Corp Executive Mark Dorsey Acquires 15,000 Restricted Stock Units

Chief Revenue Officer Mark Dorsey acquired 15,000 Restricted Stock Units (RSUs) of Appian Corp on February 11, 2025, which vest in equal annual installments starting March 5, 2026.

Summary

• On February 11, 2025, Mark Dorsey, Chief Revenue Officer of Appian Corp, was granted 15,000 Restricted Stock Units (RSUs).
• These RSUs represent a contingent right to receive one share of Appian's Class A Common Stock or its cash equivalent.
• The RSUs vest in four equal annual installments, commencing on March 5, 2026, contingent upon continuous service to Appian through each vesting date.
• Following the transaction, Dorsey directly owns 15,000 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices that align management interests with shareholder value. The vesting schedule encourages long-term commitment.

Positives

• The grant of RSUs aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The vesting of the RSUs is contingent upon the reporting person's continued service to the issuer.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the Chief Revenue Officer to drive company growth.
• Employees may see the grant as a sign of the company's commitment to its leadership team.

Key Dates