Appian (NASDAQ: APPN) director exercises options, adds 10,800 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
APPIAN CORP director Bobbie G. Kilberg reported derivative exercises and conversions, increasing direct Class A holdings. On April 10, 2026, she exercised stock options covering 10,800 shares at an exercise price of $11.17 per share and converted Class B shares into Class A. These actions resulted in the acquisition of 10,800 shares of Class A Common Stock through derivative conversion, bringing her direct Class A ownership to 12,096 shares. The filing also shows 60,031 shares of Class A Common Stock held indirectly by trusts associated with the Kilberg family. The transactions are reported as exercises and conversions rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
32,400 shares exercised/converted
Mixed
5 txns
Insider
Kilberg Bobbie G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 10,800 | $0.00 | -- |
| Exercise | Class B Common Stock | 10,800 | $11.17 | $121K |
| Conversion | Class B Common Stock | 10,800 | $0.00 | -- |
| Conversion | Class A Common Stock | 10,800 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 10,800 shares (Direct);
Class B Common Stock — 10,800 shares (Direct);
Class A Common Stock — 12,096 shares (Direct);
Class A Common Stock — 60,031 shares (Indirect, By trust)
Footnotes (1)
- 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. (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. 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)) 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 25,939 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"). Fully vested.
Key Figures
Options exercised: 10,800 shares
Exercise price: $11.17 per share
Class A acquired: 10,800 shares
+2 more
5 metrics
Options exercised
10,800 shares
Stock Option (Right to Buy) exercised on April 10, 2026
Exercise price
$11.17 per share
Conversion or exercise price for stock options
Class A acquired
10,800 shares
Class A Common Stock from derivative conversion
Direct Class A holding
12,096 shares
Total Class A Common Stock directly owned after transactions
Indirect Class A holding
60,031 shares
Class A Common Stock held indirectly by trusts
Key Terms
Stock Option (Right to Buy), Class B Common Stock, derivative exercise/conversion, derivative conversion, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
Class B Common Stock financial
"security_title: "Class B Common Stock" with derivative conversion"
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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
derivative conversion financial
"transaction_action: "derivative conversion" for Class B to Class A"
Class A Common Stock financial
"security_title: "Class A Common Stock" with 10,800 shares acquired"
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 did APPIAN CORP (APPN) director Bobbie G. Kilberg report in this Form 4?
Bobbie G. Kilberg reported exercising and converting derivative securities into Class A Common Stock. The filing shows option exercises and Class B to Class A conversions, resulting in additional directly held Class A shares without any reported open-market buying or selling.
What is Bobbie G. Kilberg’s direct Class A Common Stock holding in APPIAN CORP after the transactions?
After the reported transactions, she directly holds 12,096 shares of APPIAN CORP Class A Common Stock. This figure reflects the additional 10,800 shares acquired through the derivative conversion activity disclosed in the Form 4.
What was the exercise price of the APPIAN CORP stock options exercised by Bobbie G. Kilberg?
The stock options exercised had an exercise price of $11.17 per share. Exercising these options for 10,800 shares and converting related Class B Common Stock produced additional Class A Common Stock holdings for the director in this Form 4.