Appian (APPN) Form 4: Director Lynch Adds 1,046 Shares via Equity Plan

Rhea-AI Filing Summary

Appian Corporation (APPN) – Form 4 insider filing dated 07/01/2025

Director Mark Steven Lynch reported the acquisition of 1,046 Class A common shares on 07/01/2025. The shares were granted at $0 cost under the company’s 2017 Equity Incentive Plan as part of the board-approved Non-Employee Director Compensation Policy (amended 12/18/2020). Following the grant, Lynch directly owns 42,064 APPN shares. No derivative securities were involved and no sales were reported.

The filing reflects a routine, compensation-related equity award that modestly increases insider ownership but does not signify a change in operating outlook or corporate strategy.

Positive

• Director’s stake increases by 1,046 shares, modestly enhancing insider ownership alignment.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director grant; immaterial to valuation.

The 1,046-share award is a standard non-employee director equity grant under the 2017 plan. At APPN’s recent price (~$35-40), the transaction value is roughly $36k-42k—well below 0.1% of market cap. No shares were sold, so the filing does not introduce selling pressure. The grant marginally aligns director incentives with shareholders, but the size is too small to influence liquidity, earnings, or near-term valuation. I classify this as not impactful to the investment thesis.

Corporate Governance Specialist

TL;DR: Standard equity compensation, positive for alignment.

This Form 4 confirms that Appian continues to compensate outside directors with equity rather than cash, consistent with best-practice governance guidelines. The issuance at no cost is typical for restricted stock grants and encourages long-term ownership. No red flags are present—Lynch remains in compliance with Section 16 reporting and holds shares directly, enhancing transparency. The transaction has neutral market impact but modestly improves director-shareholder alignment.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lynch Mark Steven

(Last) (First) (Middle)

C/O APPIAN CORPORATION

7950 JONES BRANCH DRIVE

(Street)

MCLEAN VA 22102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
APPIAN CORP [ APPN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/01/2025		A(1)		1,046	A	$0	42,064	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were granted under the Issuer's 2017 Equity Incentive Plan pursuant to the Issuer's Non-Employee Director Compensation Policy, as amended and approved by the Board of Directors on December 18, 2020.

Remarks:

	/s/ Angela Patterson, Attorney-in-Fact	07/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many APPN shares did Director Mark Steven Lynch acquire?

He received 1,046 Class A common shares on 07/01/2025.

Was the transaction a purchase or a grant?

It was a grant under Appian’s 2017 Equity Incentive Plan, recorded at $0 cost.

What is Lynch’s total direct APPN share ownership after the filing?

He directly owns 42,064 shares following the grant.

Were any APPN shares sold in this Form 4?

No. The filing reports only an acquisition; there were no disposals.

Does this Form 4 suggest a change in Appian’s strategy or outlook?

No. The filing reflects a routine director compensation grant and does not indicate strategic changes.