Abdiel Capital Advisors, LP - 07 Nov 2023 Form 4 Insider Report for APPIAN CORP (APPN)

Role: 10%+ Owner
Signature: By: /s/ Colin T. Moran as managing member of Abdiel Capital Partners, LLC, general partner of Abdiel Capital Advisors, LP
Issuer symbol: APPN
Transactions as of: 07 Nov 2023
Net transactions value: -$76,099,380
Form type: 4
Filing time: 09 Nov 2023, 16:29:20 UTC
Previous filing: 06 Oct 2023
Next filing: 14 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APPN	Class A Common Stock	Sale	$73,073,172	-1,930,599	-21%	$37.85	7,441,355	07 Nov 2023	By Abdiel Qualified Master Fund, LP	F1
transaction	APPN	Class A Common Stock	Sale	$2,626,828	-69,401	-0.93%	$37.85	7,371,954	07 Nov 2023	By Abdiel Capital, LP	F1
transaction	APPN	Class A Common Stock	Sale	$399,380	-10,510	-0.14%	$38.00	7,361,444	07 Nov 2023	By Abdiel Partners, LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The share numbers in Column 5 represent the aggregated holdings of Abdiel Qualified Master Fund, LP ("AQMF"), Abdiel Capital, LP ("ACLP") and Abdiel Partners, LLC ("APLLC"). Abdiel Capital Advisors, LP serves as the investment manager of AQMF, ACLP and APLLC. Abdiel Capital Management, LLC is the general partner of AQMF and ACLP. Colin T. Moran is the managing member of Abdiel Capital Management, LLC and Abdiel Capital Partners, LLC, which is the general partner of Abdiel Capital Advisors, LP and the managing member of APLLC. By virtue of the foregoing relationships, Mr. Moran and Abdiel Capital Advisers LP may be deemed to beneficially own the securities held by AQMF, ACLP and APLLC, and Abdiel Capital Management LLC may be deemed to beneficially own the securities held by AQMF and ACLP . Each Reporting Person disclaims beneficial ownership of such securities, except to the extent of its or his pecuniary interest therein.
F2	The price reported for the Common Stock is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.85 to $38.15. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Content

The share numbers in Column 5 represent the aggregated holdings of Abdiel Qualified Master Fund, LP ("AQMF"), Abdiel Capital, LP ("ACLP") and Abdiel Partners, LLC ("APLLC"). Abdiel Capital Advisors, LP serves as the investment manager of AQMF, ACLP and APLLC. Abdiel Capital Management, LLC is the general partner of AQMF and ACLP. Colin T. Moran is the managing member of Abdiel Capital Management, LLC and Abdiel Capital Partners, LLC, which is the general partner of Abdiel Capital Advisors, LP and the managing member of APLLC. By virtue of the foregoing relationships, Mr. Moran and Abdiel Capital Advisers LP may be deemed to beneficially own the securities held by AQMF, ACLP and APLLC, and Abdiel Capital Management LLC may be deemed to beneficially own the securities held by AQMF and ACLP . Each Reporting Person disclaims beneficial ownership of such securities, except to the extent of its or his pecuniary interest therein.

The price reported for the Common Stock is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.85 to $38.15. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.