Form 4: Appian Corp Executive Pavel Zamudio-Ramirez Reports Stock Transactions
SEC Form 4
Chief Customer Officer Pavel Zamudio-Ramirez reports acquisition and disposal of Appian Corp Class A Common Stock and Restricted Stock Units.
Summary
- Pavel Zamudio-Ramirez, Chief Customer Officer of Appian Corp, filed a Form 4 detailing changes in beneficial ownership.
- On November 5, 2024, Zamudio-Ramirez acquired 1,034 shares of Class A Common Stock at $0 and disposed of 367 shares at $38.67.
- These transactions resulted in a decrease in direct ownership of Class A Common Stock from 18,085 to 17,718 shares.
- Additionally, 1,034 Restricted Stock Units (RSUs) were vested and converted into Class A Common Stock.
- Zamudio-Ramirez directly owns 1,034 derivative securities.
- The reporting person also acquired 187 shares on June 11, 2024 under the Appian Corporation Employee Stock Purchase Plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transactions are related to RSU vesting and a small disposal of shares. It doesn't indicate a strong positive or negative outlook.
Positives
- The vesting of RSUs indicates that the reporting person has met the service requirements.
Negatives
- The disposal of 367 shares could be interpreted negatively, although it is a small portion of the total holdings.
Industry Context
Form 4 filings are routine and provide transparency into the trading activities of company insiders, which can be informative for investors.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis to gauge management's sentiment and confidence in the company's prospects.
- Comparing the volume and frequency of insider transactions to those of peers like Pegasystems or Salesforce can provide a broader context.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| November 2, 2021 | Date the RSUs were granted. |
| November 5, 2022 | Commencement date of RSU vesting in four equal annual installments. |
| June 11, 2024 | Date of acquisition of 187 shares under the Employee Stock Purchase Plan. |
| November 5, 2024 | Date of Class A Common Stock acquisition and disposal, and RSU vesting. |
| November 7, 2024 | Date of signature on the Form 4. |
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