Form 4: Appian Director Albert Biddle III to Receive Future Stock Grant

Appian Corporation's Director, Albert G.W. Biddle III, is set to acquire 1,046 shares of Class A Common Stock as a compensation grant on July 1, 2025.

Summary

• Albert G.W. Biddle III, a Director of Appian Corp (APPN), is scheduled to acquire 1,046 shares of Class A Common Stock on July 1, 2025.
• These shares are a grant under Appian's 2017 Equity Incentive Plan, consistent with the Non-Employee Director Compensation Policy approved by the Board of Directors on December 18, 2020.
• The acquisition price for these shares is $0, indicating they are part of a compensation package.
• Following this transaction, Albert G.W. Biddle III will directly beneficially own 31,478 shares of Class A Common Stock.
• Indirect beneficial ownership includes 15,479 shares each through three separate family trusts (Trust I, Trust II, Trust III), for which the Reporting Person serves as trustee.
• An additional 82,500 shares are indirectly beneficially owned through Jack Biddle, Inc. (JBI), where the Reporting Person is the president.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the stock grant aligns director interests with shareholders, which is generally viewed favorably. It is a routine compensation event, not indicative of significant operational changes.

Positives

• The stock grant aligns the interests of Director Albert G.W. Biddle III with those of Appian's shareholders, as his compensation is tied to the company's equity performance.
• The grant is part of a pre-approved compensation policy, indicating a structured and transparent approach to director remuneration.

Future Outlook

This filing reports a future scheduled stock grant to a director, reflecting a planned compensation event rather than providing forward-looking financial guidance or strategic outlook for the company.

Industry Context

The practice of granting equity as compensation to non-employee directors is a standard corporate governance practice across various industries, including the software and technology sector where Appian operates. It is designed to align director incentives with long-term shareholder value creation.

Comparison to Industry Standards

• This document, an SEC Form 4, is a regulatory filing for reporting insider transactions and does not contain information suitable for direct comparison of financial results or operational performance against industry standards or specific comparable companies/projects.

Corporate Governance

Related Party Transactions

• Indirect beneficial ownership of shares through three family trusts (Trust I, Trust II, Trust III) for which the Reporting Person (Albert G.W. Biddle III) is the trustee.
• Indirect beneficial ownership of shares through Jack Biddle, Inc. (JBI), where the Reporting Person is the president.

Stakeholder Impact

• Shareholders: The grant represents a form of compensation that may result in minor dilution but aims to align director incentives with shareholder value creation.

Key Dates

Keywords

Appian, APPN, Director Compensation, Stock Grant, Insider Transaction, Form 4, Equity Incentive Plan, Beneficial Ownership