Form 4: Appian Corp Insider Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Appian Corp's CEO and President, Matthew Calkins, sold 50,000 shares of Class A Common Stock for $24.13 per share under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Matthew Calkins, CEO and President of Appian Corp, sold 50,000 shares of Class A Common Stock.
- The transaction occurred on June 8, 2026, with shares sold at a weighted average price of $24.13.
- The sales were executed automatically under a Rule 10b5-1 trading plan adopted on March 5, 2026.
- Following the sale, Calkins beneficially owns 1,769,144 shares of Class A Common Stock.
- The sale was reported on June 10, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral score, as the sale was conducted under a pre-arranged Rule 10b5-1 plan, mitigating concerns about insider knowledge.
Negatives
- Insider selling can sometimes be perceived negatively by the market, although this sale was conducted under a pre-established trading plan.
Future Outlook
The filing does not contain forward-looking statements or guidance. It solely reports a past transaction.
Industry Context
StockSavvy.ai notes that insider sales under Rule 10b5-1 plans are common for executives to diversify holdings or manage personal finances, and are generally viewed as less indicative of negative sentiment compared to unsolicited sales.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Rule 10b5-1 Trading Plan | Matthew Calkins utilized a Rule 10b5-1 trading plan for the sale of securities, which is designed to provide an affirmative defense against allegations of insider trading. | 03/05/2026 | Positive, as it demonstrates adherence to established compliance procedures for insider transactions. |
Stakeholder Impact
- Shareholders: The sale by the CEO may lead to short-term market scrutiny, but the use of a 10b5-1 plan suggests it's not based on material non-public information, thus potentially limiting negative impact.
Key Dates
| Date | Description |
|---|---|
| 03/05/2026 | Date Rule 10b5-1 trading plan was adopted by Matthew Calkins. |
| 06/08/2026 | Date of the transaction (sale of shares). |
| 06/10/2026 | Date the Form 4 was signed and filed. |
Keywords
Appian Corp, APPN, Insider Trading, Rule 10b5-1, Stock Sale, Matthew Calkins, CEO, Beneficial Ownership
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