SCHEDULE: RPD Funds Adjust Appian Corp Stake Disclosure

RPD Fund Management LLC and associated entities have filed an amendment to their Schedule 13G, reporting their beneficial ownership of Appian Corporation Class A Common Stock.

Summary

• This filing is an amendment to a Schedule 13G, detailing beneficial ownership of Appian Corporation's Class A Common Stock.
• RPD Fund Management LLC, RPD Opportunity Fund LP, RPD Opportunity LLC, and Ahmet H. Okumus are the reporting persons.
• Collectively, they report beneficial ownership of 1,856,981 shares of Class A Common Stock.
• This represents 4.4% of the class of securities.
• The filing indicates shared voting and dispositive power over these shares among the reporting entities and individuals.
• Ahmet H. Okumus may be considered a control person of RPD Fund Management LLC and RPD Opportunity LLC.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily an administrative update regarding beneficial ownership rather than a reflection of new company performance or strategy.

Future Outlook

This filing does not contain forward-looking statements or guidance.

Management Comments

• Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors and significant shareholders, indicating changes or confirmations of beneficial ownership stakes. This filing by RPD entities is typical for investment management firms tracking their holdings.

Stakeholder Impact

• Shareholders: This filing provides transparency regarding significant beneficial ownership, which is important for understanding the shareholder base.
• Management: The disclosure confirms the ownership stake and voting/dispositive power held by RPD entities and Ahmet H. Okumus.

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, Appian Corporation, RPD Fund Management, Class A Common Stock, Investment Management