Form 4: Appian Director Converts Class B to Class A Stock
Insider Ownership Change
Appian Director Bobbie G Kilberg converted 21,600 shares of Class B Common Stock into Class A Common Stock, increasing direct holdings.
Summary
- Director Bobbie G Kilberg converted 21,600 shares of Class B Common Stock into Class A Common Stock on February 18, 2026.
- This transaction resulted in a direct acquisition of 21,600 shares of Class A Common Stock.
- Following the transaction, direct beneficial ownership of Class A Common Stock is 21,600 shares.
- Indirect beneficial ownership of Class A Common Stock through various trusts totals 38,431 shares.
- A fully vested stock option (right to buy) for 21,600 shares of Class B Common Stock at an exercise price of $11.17 was also reported, with an expiration date of January 31, 2027.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as a director is converting shares to a more liquid class, which is a routine insider transaction and not a sale.
Positives
- A director is increasing their direct beneficial ownership of Class A Common Stock, which can signal confidence in the company's future.
- The conversion of Class B to Class A Common Stock enhances the liquidity of the director's holdings.
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- NA
Industry Context
StockSavvy.ai notes that insider conversions from Class B to Class A stock are common for multi-class share structures, often driven by liquidity needs or estate planning, and do not necessarily indicate a change in the company's operational outlook.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a director's beneficial ownership structure and conversion activities.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 01/27/2026 | 882 shares previously owned directly were contributed to the WB Trust. |
| 02/18/2026 | Date of transaction (conversion of Class B to Class A Common Stock). |
| 02/19/2026 | Signature date of the reporting person's attorney-in-fact. |
| 01/31/2027 | Expiration date of the stock option for Class B Common Stock. |
Keywords
Appian, APPN, Form 4, Insider Trading, Stock Conversion, Class A Common Stock, Class B Common Stock, Director Ownership, Beneficial Ownership
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