Robert Charles Kramer - 20 May 2021 Form 4 Insider Report for APPIAN CORP (APPN)

Role
General Manager, Director
Signature
/s/ Angela Patterson, Attorney-in-Fact
Issuer symbol
APPN
Transactions as of
20 May 2021
Net transactions value
+$157,500
Form type
4
Filing time
21 May 2021, 16:03:45 UTC
Next filing
23 Jun 2021
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 Conversion of derivative security $0 +21,000 +22% $0.000000 117,225 20 May 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction APPN Employee Stock Option (Right to Buy) Options Exercise $0 -21,000 -100% $0.000000* 0 20 May 2021 Class B Common Stock 21,000 $7.50 Direct F3
transaction APPN Class B Common Stock Options Exercise $157,500 +21,000 $7.50* 21,000 20 May 2021 Class A Common Stock 21,000 Direct F1, F2
transaction APPN Class B Common Stock Conversion of derivative security $0 -21,000 -100% $0.000000* 0 20 May 2021 Class A Common Stock 21,000 Direct F1, F2
holding APPN Class B Common Stock 2,214,598 20 May 2021 Class A Common Stock 2,214,598 See Footnote F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon (1) any transfer, whether or not for value and whether voluntary or involuntary or by operation of law, except for certain transfers described in the Issuer's certificate of incorporation, including, without limitation, certain transfers for tax and estate planning purposes or (continued to Footnote (2))
F2 (continued from Footnote (2)) (2) the death or disability, as defined in the Issuer's certificate of incorporation, of the applicable Class B common stockholder (or nine months after the date of death or disability if the stockholder is one of the Issuer's founders). In addition, on the first trading day following the date on which the outstanding shares of Class B Common Stock represent less than 10% of the aggregate voting power of the Issuer's then outstanding capital stock, all outstanding shares of Class B Common Stock shall convert automatically into Class A Common Stock, and no additional shares of Class B Common Stock will be issued.
F3 Fully vested.
F4 The reported securities are owned directly by The Robert C. Kramer Revocable Trust (the "Trust"). The Reporting Person is the sole trustee and beneficiary of the Trust.