Abdiel Capital Advisors, LP - Jul 5, 2024 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
Stock symbol
APPN
Transactions as of
Jul 5, 2024
Transactions value $
$18,941,828
Form type
4
Date filed
7/9/2024, 08:49 PM
Previous filing
Feb 23, 2024
Next filing
Jul 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPN Class A Common Stock Purchase $14M +452K +7.68% $30.94 6.34M Jul 5, 2024 By Abdiel Qualified Master Fund, LP F1, F2
transaction APPN Class A Common Stock Purchase $701K +22.7K +0.36% $30.94 6.37M Jul 5, 2024 By Abdiel Capital, LP F1, F2
transaction APPN Class A Common Stock Purchase $1.62M +51.7K +0.81% $31.32 6.42M Jul 8, 2024 By Abdiel Qualified Master Fund, LP F2, F3
transaction APPN Class A Common Stock Purchase $62K +1.98K +0.03% $31.32 6.42M Jul 8, 2024 By Abdiel Capital, LP F2, F3
transaction APPN Class A Common Stock Purchase $220K +7K +0.11% $31.48 6.43M Jul 8, 2024 By Abdiel Partners, LLC F2, F4
transaction APPN Class A Common Stock Purchase $2.04M +65K +1.01% $31.45 6.49M Jul 9, 2024 By Abdiel Qualified Master Fund, LP F2, F5
transaction APPN Class A Common Stock Purchase $77.9K +2.48K +0.04% $31.45 6.49M Jul 9, 2024 By Abdiel Capital, LP F2, F5
transaction APPN Class A Common Stock Purchase $220K +7K +0.11% $31.36 6.5M Jul 9, 2024 By Abdiel Partners, LLC F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A portion of the shares sold and reported herein is matchable under Section 16(b) of the Securities and Exchange Act of 1934 ("Section 16(b)"). The Reporting Persons have made arrangements with the Issuer to voluntarily disgorge to the Issuer the Section 16(b) profit that resulted from the transaction reported herein.
F2 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.
F3 The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $30.95 to $31.75. 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 purchased at each separate price within the range set forth in this footnote.
F4 The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $31.45 to $31.49. 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 purchased at each separate price within the range set forth in this footnote.
F5 The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $31.01 to $32.00. 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 purchased at each separate price within the range set forth in this footnote.
F6 The price reported for the Common Stock is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $31.04 to $31.65. 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 purchased at each separate price within the range set forth in this footnote.