Appian (APPN) CEO Matthew Calkins sells 50,000 shares in planned trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
APPIAN CORP CEO and President Matthew W. Calkins reported two open-market sales of Class A Common Stock totaling 50,000 shares on July 7, 2026. One sale covered 37,515 shares at a weighted average price of $24.61, and another involved 12,485 shares at a weighted average price of $25.07. After these transactions, his reported direct holdings remained around 1.7 million shares, so the sales represent a small portion of his stake. The filing notes the trades occurred automatically under a Rule 10b5-1 trading plan adopted on March 5, 2026, indicating they were pre-scheduled rather than discretionary.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 50,000 shares ($1,236,243)
Net Sell
2 txns
Insider
Calkins Matthew W
Role
CEO and President
Sold
50,000 shs ($1.24M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 37,515 | $24.61 | $923K |
| Sale | Class A Common Stock | 12,485 | $25.07 | $313K |
Holdings After Transaction:
Class A Common Stock — 1,731,629 shares (Direct, null)
Footnotes (1)
- Represents sales that occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 5, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.87 to $24.86, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.87 to $25.24, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.
Key Figures
Shares sold (total): 50,000 shares
First sale size: 37,515 shares
Second sale size: 12,485 shares
+5 more
8 metrics
Shares sold (total)
50,000 shares
Open-market sales of Class A Common Stock on July 7, 2026
First sale size
37,515 shares
Class A Common Stock sold at $24.61 weighted average price
Second sale size
12,485 shares
Class A Common Stock sold at $25.07 weighted average price
Weighted average price 1
$24.61 per share
First reported sale of Class A Common Stock
Weighted average price 2
$25.07 per share
Second reported sale of Class A Common Stock
Holdings after transaction (line 1)
1,731,629 shares
Total shares following one reported sale
Holdings after transaction (line 2)
1,719,144 shares
Total shares following the other reported sale
Net share change
-50,000 shares
Net-sell direction from transaction summary
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Class A Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"sales that occurred automatically pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class A Common Stock financial
"security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transactions did APPN CEO Matthew Calkins report?
Matthew Calkins reported two open-market sales of APPIAN CORP Class A Common Stock totaling 50,000 shares on July 7, 2026. The trades were routine Form 4 disclosures showing partial share disposals rather than a complete exit from his position.
At what prices did the APPN insider sales occur?
The reported APPN insider sales occurred at weighted average prices of $24.61 and $25.07 per share. Each price reflects multiple trades within narrow ranges, as disclosed in the Form 4 footnotes, rather than single, all-or-nothing transactions.
Were the APPN insider sales made under a Rule 10b5-1 plan?
Yes. The Form 4 footnotes state the APPIAN CORP share sales occurred automatically under a Rule 10b5-1 trading plan adopted on March 5, 2026. Such plans pre-schedule trades, reducing the significance of short-term timing decisions.
What type of APPN stock did Matthew Calkins sell?
The reported APPN insider transactions involved Class A Common Stock. Both Form 4 line items list sales of this security type, confirming they were standard common shares rather than derivatives, options, or other complex instruments.