Robert Charles Kramer - Jun 21, 2021 Form 4 Insider Report for APPIAN CORP (APPN)

Signature
/s/ Angela Patterson, Attorney-in-Fact
Stock symbol
APPN
Transactions as of
Jun 21, 2021
Transactions value $
-$1,333,746
Form type
4
Date filed
6/23/2021, 05:02 PM
Previous filing
May 21, 2021
Next filing
Nov 9, 2021

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 +9.56K +8.16% $0.00 127K Jun 21, 2021 Direct F1, F2, F3
transaction APPN Class A Common Stock Sale -$1.01M -7.18K -5.66% $140.43 120K Jun 21, 2021 Direct F4, F5
transaction APPN Class A Common Stock Sale -$337K -2.38K -1.99% $141.23 117K Jun 21, 2021 Direct F4, F6

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 -9.56K -20% $0.00 38.3K Jun 21, 2021 Class B Common Stock 9.56K $1.16 Direct F7
transaction APPN Class B Common Stock Options Exercise $11.1K +9.56K $1.16* 9.56K Jun 21, 2021 Class A Common Stock 9.56K Direct F2, F3
transaction APPN Class B Common Stock Conversion of derivative security $0 -9.56K -100% $0.00* 0 Jun 21, 2021 Class A Common Stock 9.56K Direct F2, F3
holding APPN Class B Common Stock 2.21M Jun 21, 2021 Class A Common Stock 2.21M See Footnote F2, F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of the Class B Common Stock, the Reporting Person converted shares of Class B Common Stock into shares of Class A Common Stock.
F2 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 (3))
F3 (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.
F4 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2021.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.00 to $140.96, inclusive. The Reporting Person undertakes to provide to Appian Corporation, any security holder of Appian Corporation, 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 footnotes (5) and (6).
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $141.00 to $141.71, inclusive.
F7 Fully vested.
F8 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.