Mark Steven Lynch - Mar 8, 2022 Form 4 Insider Report for APPIAN CORP (APPN)

Role: Chief Financial Officer
Signature: /s/ Angela Patterson, Attorney-in-Fact
Stock symbol: APPN
Transactions as of: Mar 8, 2022
Transactions value $: $99,992
Form type: 4
Date filed: 3/9/2022, 03:08 PM
Previous filing: Jan 7, 2022
Next filing: Jul 1, 2022

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		+10.6K	+69.98%		25.7K	Mar 8, 2022	Direct	F1, F2, F3

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	-10.6K	-35.23%	$0.00	19.4K	Mar 8, 2022	Class B Common Stock	10.6K	$9.46	Direct	F4
transaction	APPN	Class B Common Stock	Options Exercise	$100K	+10.6K	+42.28%	$9.46^*	35.6K	Mar 8, 2022	Class A Common Stock	10.6K		Direct	F2, F3
transaction	APPN	Class B Common Stock	Conversion of derivative security	$0	-10.6K	-100%	$0.00^*	0	Mar 8, 2022	Class A Common Stock	10.6K		Direct	F1, F2, F3

* 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	This option vested in five equal annual installments commencing on July 20, 2017 and on each of the next four anniversaries thereof, subject to the Reporting Person's continued service to the Issuer through each vesting date.