Appian Form 4: Board Member Adds 1,046 Shares via Incentive Plan

Rhea-AI Filing Summary

Appian Corporation (APPN) filed a Form 4 indicating that non-employee director Shirley Ann Edwards received an equity grant of 1,046 Class A common shares on 01 Jul 2025. The transaction is coded “A” and priced at $0, confirming it is a board-approved award under the company’s 2017 Equity Incentive Plan and Non-Employee Director Compensation Policy (last amended 18 Dec 2020). Following the grant, Edwards’ direct holdings rose to 9,619 shares, a roughly 12% increase. No sales, derivative securities, or Rule 10b5-1 plans were reported. The filing represents routine director compensation rather than a discretionary purchase, implying limited immediate market impact but a marginal uptick in director–shareholder alignment.

Positive

• Director ownership increased by 1,046 shares (≈12%), slightly enhancing alignment between the board and shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small director stock grant; negligible financial impact, slightly better alignment; overall neutral for valuation.

The 1,046-share award is worth only tens of thousands of dollars at current prices, well below materiality thresholds for Appian’s $3 bn+ market cap. As a non-cash grant, it does not affect cash flows or earnings. The 12% boost in the director’s stake marginally strengthens incentive alignment but does not signal insider conviction because it was not an open-market buy. With no derivatives or sales disclosed, dilution is de minimis. I view the filing as routine and assign a neutral impact.

Corporate Governance Expert

TL;DR: Routine equity compensation keeps board interests aligned; governance positive but market-immaterial.

Regular equity grants to outside directors are best practice for tech firms, fostering long-term oversight. The absence of a 10b5-1 plan and the zero-dollar exercise price confirm a straightforward, policy-based issuance. Edwards now holds 9,619 shares, giving her a modest but meaningful financial stake. From a governance lens, the action is positive; however, it neither changes control dynamics nor signals strategic shifts, so investors should treat it as standard housekeeping.

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^*

Edwards Shirley Ann

(Last) (First) (Middle)

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	9,619	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 Appian (APPN) shares did Shirley Ann Edwards acquire?

1,046 Class A common shares were granted on 01 Jul 2025.

What was the purchase price of the shares in the Form 4?

The reported price was $0, indicating a board-approved equity award rather than a market purchase.

What is Shirley Ann Edwards’ total ownership after the transaction?

She now directly owns 9,619 APPN shares.

Does the filing include any derivative securities or option activity?

No. Table II is empty; no derivatives were acquired or disposed of.

Is this Form 4 likely to impact Appian’s stock price?

Given the small size and routine nature of the grant, the market impact is expected to be neutral.