Appian director exercises options, converts 10.8K shares
APPIAN CORP (APPN) director Bobbie G. Kilberg reported internal equity changes on September 9, 2026 involving option exercises and share class conversions, with no open‑market purchases or sales disclosed.
Rhea-AI Filing Summary
APPIAN CORP (APPN) director Bobbie G. Kilberg reported internal equity changes on September 9, 2026 involving option exercises and share class conversions, with no open‑market purchases or sales disclosed.
She exercised options for 10,800 shares of Class B Common Stock at $11.17 per share, then converted those Class B shares into 10,800 shares of Class A Common Stock, which she now holds directly. Additional indirect ownership totals 73,491 Class A shares held through several family trusts, including 1,364 shares that were contributed from her prior direct holdings. The Class B to Class A conversion followed the terms that each Class B share is convertible into one Class A share and may also convert automatically under specified conditions. No transactions are reported as made under a Rule 10b5‑1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
32,400 shares exercised/converted
Exercise
5 txns
Insider
Kilberg Bobbie G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F5 | 10,800 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F2, F3 | 10,800 | $11.17 | $121K |
| Conversion | Class B Common Stock F2, F3, F1 | 10,800 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2, F3 | 10,800 | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Class B Common Stock — 0 contracts (Direct);
Class A Common Stock — 10,800 shares (Direct);
Class A Common Stock — 73,491 shares (Indirect, By trust)
Footnotes (5)
- 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. (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.
- 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 (3))
- F4. 1,246 shares are held by the Barbara Greene Kilberg Living Trust U/A dated July 1, 1998, of which William and Barbara Kilberg are the co-trustees; 1,246 shares held by the Kilberg Family Trust U/A dated October 13, 2021, of which Barbara Kilberg is the trustee; and 70,999 shares held by William & Barbara Kilberg Trustees of the William Kilberg Trust dated July 1, 1998 and Barbara & William Kilberg Trustees of the Barbara Kilberg Trust dated July 1, 1998, Tenants in Common ("WB Trust"). Includes 1,364 shares previously owned directly that were contributed to the WB Trust on August 19, 2026.
- F5. Fully vested.
Key Figures
Options exercised: 10,800 shares of Class B Common Stock
Option exercise price: $11.17 per share
Class A shares acquired by conversion (direct): 10,800 shares
+4 more
7 metrics
Options exercised
10,800 shares of Class B Common Stock
Stock option (right to buy) exercised on September 9, 2026
Option exercise price
$11.17 per share
Exercise price for 10,800 Class B shares exercised on September 9, 2026
Class A shares acquired by conversion (direct)
10,800 shares
Class B to Class A conversion on September 9, 2026
Direct Class A holdings after transaction
10,800 shares
Total direct Class A Common Stock reported following the conversion
Indirect Class A holdings via trusts
73,491 shares
Class A Common Stock held indirectly by various Kilberg family trusts
WB Trust contribution from direct holdings
1,364 shares
Class A shares previously owned directly and contributed to WB Trust on August 19, 2026
Trust share breakdown
1,246 + 1,246 + 70,999 shares
Class A shares held by three specified Kilberg family trusts
Key Terms
Class B Common Stock, Class A Common Stock, aggregate voting power, tenants in common, +1 more
5 terms
Class B Common Stock financial
"Pursuant to the terms of the Class B Common Stock, the Reporting Person converted"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"converted shares of Class B Common Stock into shares of 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.
aggregate voting power financial
"outstanding shares of Class B Common Stock represent less than 10% of the aggregate voting power"
tenants in common financial
"Trustees of the Barbara Kilberg Trust dated July 1, 1998, Tenants in Common"
convert automatically financial
"all outstanding shares of Class B Common Stock shall convert automatically into Class A Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did Appian (APPN) director Bobbie G. Kilberg report on September 9, 2026?
She exercised options for 10,800 Class B shares at $11.17 and then converted those 10,800 Class B shares into 10,800 Class A shares, all as internal equity movements with no open‑market trades reported.
Were any of Bobbie G. Kilberg’s Appian (APPN) transactions made under a Rule 10b5-1 plan?
No. The filing indicates no Rule 10b5‑1 trading plan for the reported transactions, meaning they are not described as being executed under a pre‑arranged trading plan.
What is the conversion ratio between Appian (APPN) Class B and Class A Common Stock for these transactions?
Each share of Class B Common Stock converts into one share of Class A Common Stock. The filing states that each Class B share is convertible at any time at the holder’s option into one Class A share and also provides for automatic conversion under certain conditions.
What happened to Bobbie G. Kilberg’s stock options in the Appian (APPN) Form 4?
A fully vested stock option for 10,800 shares of Class B Common Stock with an exercise price of $11.17 per share was exercised in full, leaving 0 options from that grant outstanding after the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
