Mark Matheos - May 10, 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
May 10, 2022
Transactions value $
-$236,328
Form type
4
Date filed
5/11/2022, 04:02 PM
Previous filing
May 5, 2022
Next filing
Nov 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPN Class A Common Stock Options Exercise $0 +961 $0.00 961 May 10, 2022 Direct F1
transaction APPN Class A Common Stock Sale -$14.2K -260 -27.06% $54.47 701 May 10, 2022 Direct F2
transaction APPN Class A Common Stock Sale -$39.3K -701 -100% $56.00 0 May 10, 2022 Direct
transaction APPN Class A Common Stock Conversion of derivative security $0 +4.02K $0.00 4.02K May 10, 2022 Direct F3, F4
transaction APPN Class A Common Stock Sale -$231K -4.02K -100% $57.50 0 May 10, 2022 Direct

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 Restricted Stock Unit Options Exercise $0 -941 -25% $0.00 2.82K May 10, 2022 Class A Common Stock 941 Direct F5, F6
transaction APPN Restricted Stock Unit Options Exercise $0 -20 -50% $0.00 20 May 10, 2022 Class A Common Stock 20 Direct F5, F7
transaction APPN Employee Stock Option (Right to Buy) Options Exercise $0 -4.02K -100% $0.00* 0 May 10, 2022 Class B Common Stock 4.02K $12.00 Direct
transaction APPN Class B Common Stock Options Exercise $48.2K +4.02K $12.00 4.02K May 10, 2022 Class A Common Stock 4.02K Direct F3, F4
transaction APPN Class B Common Stock Conversion of derivative security $0 -4.02K -100% $0.00* 0 May 10, 2022 Class A Common Stock 4.02K Direct F3, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") converts into Class A Common Stock on a one-for-one basis.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.27 to $54.47, 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 this footnote.
F3 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 (4))
F4 (continued from Footnote (3)) (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.
F5 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock (or its cash equivalent, at the discretion of the Issuer).
F6 The RSUs were granted on May 4, 2021 and vest in four equal annual installments commencing on May 5, 2022, provided that the Reporting Person has provided continuous service to the Issuer through the vesting date.
F7 The RSUs were granted on April 27, 2018. 20 RSUs vested on May 5, 2022 and 20 RSUs will vest on May 5, 2023, provided that the Reporting Person has provided continuous service to the Issuer through the vesting date.
F8 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.