Form 4: Appian Director Biddle Acquires 1,022 Shares

Appian Corporation Director Albert G.W. Biddle III was granted 1,022 shares of Class A Common Stock under the company's equity incentive plan.

Summary

• Albert G.W. Biddle III, a Director of Appian Corporation (APPN), acquired 1,022 shares of Class A Common Stock.
• The transaction occurred on October 1, 2025, and the shares were granted at a price of $0.
• These shares were granted under Appian's 2017 Equity Incentive Plan, as per the Non-Employee Director Compensation Policy approved by the Board on December 18, 2020.
• Following this transaction, Mr. Biddle directly beneficially owns 32,500 shares of Class A Common Stock.
• Additionally, Mr. Biddle indirectly beneficially owns 15,479 shares through Trust I, 15,479 shares through Trust II, 15,479 shares through Trust III (for which he is trustee), and 82,500 shares through Jack Biddle, Inc. (for which he is president).

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects increased insider ownership and a routine, planned equity grant to a director, which generally aligns director interests with shareholders. There are no negative implications.

Positives

• Increased insider ownership by a director, which can signal confidence in the company's future prospects.
• The grant aligns director compensation with shareholder interests through equity incentives.

Future Outlook

This filing does not contain forward-looking statements or guidance, as it reports a past transaction.

Industry Context

This is a routine insider transaction reporting a director's equity grant, which is a common practice across industries to align management and director interests with shareholders. It does not provide broader industry trends or competitive insights.

Comparison to Industry Standards

• The grant of equity to non-employee directors is a standard compensation practice in publicly traded companies, including those in the software and technology sector like Appian.
• The use of an established equity incentive plan (2017 Equity Incentive Plan) and a formal Non-Employee Director Compensation Policy aligns with best practices for corporate governance and transparency in executive and director compensation.

Corporate Governance

Related Party Transactions

• Indirect beneficial ownership through family trusts (Trust I, Trust II, Trust III) for the benefit of the reporting person's children, where the reporting person is the trustee.
• Indirect beneficial ownership through Jack Biddle, Inc. (JBI), where the reporting person is the president.

Stakeholder Impact

• Shareholders: Increased alignment of a director's financial interests with the company's performance, potentially fostering better long-term decision-making.
• Employees: No direct impact mentioned, but a stable governance structure can indirectly benefit employees.

Key Dates

Keywords

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