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 May 6, 2024, Zamudio-Ramirez acquired 4,887 shares of Class A Common Stock at $0 and disposed of 1,735 shares at $31.98.
- Following these transactions, Zamudio-Ramirez directly owns 16,864 shares of Class A Common Stock.
- He also acquired and disposed of Restricted Stock Units (RSUs) that convert into Class A Common Stock.
- Specifically, 4,299 RSUs granted on May 5, 2020, vested, and 588 RSUs granted on May 4, 2021, also vested on May 6, 2024.
- After these transactions, Zamudio-Ramirez directly owns 4,299 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with neutral sentiment.
Positives
- The vesting of RSUs indicates continued service and commitment of the executive to the company.
Industry Context
Executive stock transactions are a normal part of corporate governance and can reflect management's sentiment and alignment with company performance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 05/05/2020 | Date RSUs were granted that vest in two equal installments on each of May 6, 2024, and May 5, 2025. |
| 05/04/2021 | Date RSUs were granted that vested on May 6, 2024. |
| 02/06/2024 | Date shares were acquired under the Appian Corporation Employee Stock Purchase Plan. |
| 03/06/2024 | Date shares were acquired under the Appian Corporation Employee Stock Purchase Plan. |
| 04/05/2024 | Date shares were acquired under the Appian Corporation Employee Stock Purchase Plan. |
| 05/01/2024 | Date shares were acquired under the Appian Corporation Employee Stock Purchase Plan. |
| 05/06/2024 | Date of the reported transactions, including acquisition and disposal of shares and vesting of RSUs. |
| 05/05/2025 | Date of the second vesting installment for RSUs granted on May 5, 2020. |
| 05/07/2024 | Date of signature on the Form 4 filing. |
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