Appian (APPN) director converts 21,600 Class B shares into Class A stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
APPIAN CORP director Bobbie G. Kilberg reported option and share conversions involving 21,600 shares on Class A and Class B common stock. On February 18, 2026, she exercised a stock option for 21,600 shares of Class B Common Stock at $11.17 per share and then converted those Class B shares into 21,600 shares of Class A Common Stock, consistent with the issuer’s certificate of incorporation provisions. After these direct transactions, she held 21,600 Class A shares directly. A separate line shows 38,431 Class A shares held indirectly by trusts associated with the Kilberg family, reflecting shares held across multiple family trusts as detailed in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
64,800 shares exercised/converted
Mixed
5 txns
Insider
Kilberg Bobbie G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 21,600 | $0.00 | -- |
| Exercise | Class B Common Stock | 21,600 | $11.17 | $241K |
| Conversion | Class B Common Stock | 21,600 | $0.00 | -- |
| Conversion | Class A Common Stock | 21,600 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 21,600 shares (Direct);
Class B Common Stock — 21,600 shares (Direct);
Class A Common Stock — 21,600 shares (Direct);
Class A Common Stock — 38,431 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"). Includes 882 shares previously owned directly that were contributed to the WB Trust on 1/27/2026. Fully vested.
FAQ
What insider transactions did Bobbie G. Kilberg report for APPIAN CORP (APPN)?
Bobbie G. Kilberg reported exercising a stock option for 21,600 shares of Class B Common Stock and converting them into 21,600 shares of Class A Common Stock. These transactions are derivative exercises and conversions, not open-market purchases or sales.
What was the exercise price for Bobbie G. Kilberg’s APPIAN CORP stock option?
The underlying Class B Common Stock associated with the option transaction is shown at $11.17 per share. The option itself is recorded with a transaction price of $0.00, reflecting how the derivative exercise and conversion are reported in the Form 4 data.
What are the conversion terms between APPIAN CORP Class B and Class A Common Stock?
Each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock, with no expiration date. Automatic conversions can also occur upon certain transfers or when Class B voting power falls below 10% of total voting power.