Robert Charles Kramer - Dec 6, 2023 Form 4 Insider Report for APPIAN CORP (APPN)

Role: General Manager, Director
Signature: /s/ Angela Patterson, Attorney-in-Fact
Stock symbol: APPN
Transactions as of: Dec 6, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/8/2023, 04:05 PM
Previous filing: Nov 9, 2022
Next filing: May 8, 2024

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	+300K	+3289.47%	$0.00	309K	Dec 6, 2023	See Footnote	F1, F2, F3, F4
holding	APPN	Class A Common Stock						161K	Dec 6, 2023	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	Class B Common Stock	Conversion of derivative security	$0	-300K	-13.55%	$0.00	1.91M	Dec 6, 2023	Class A Common Stock	300K		See Footnote	F1, F2, F3, F4

* 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 reported securities are owned directly by The Robert C. Kramer Trust (the "Trust"). The Reporting Person is the sole trustee and beneficiary of the Trust.