[Form 4] Appian Corporation Insider Trading Activity

Rhea-AI Filing Summary

On 07/01/2025, Appian Corporation (APPN) filed a Form 4 disclosing that director William D. McCarthy received an award of 1,046 Class A common shares at $0.00 per share. The shares were issued under the company’s 2017 Equity Incentive Plan in accordance with the Non-Employee Director Compensation Policy approved on 12/18/2020. After the grant, McCarthy’s direct ownership stands at 11,043 shares. No derivative securities were reported and there was no open-market purchase or sale.

The filing represents a routine, compensation-related equity grant rather than an opportunistic insider trade. Given the small size relative to Appian’s outstanding share count and market capitalization, the event is unlikely to materially influence the company’s ownership structure or provide a meaningful signal about insider sentiment.

Insights

Corporate Governance Analyst

TL;DR: Routine director equity grant; negligible strategic impact, neutral for investors.

This Form 4 documents an automatic stock award to a non-employee director, typical of standard board compensation practices. The 1,046-share issuance increases McCarthy’s stake to 11,043 shares—an immaterial position relative to Appian’s float. Because no cash changed hands and no derivatives were exercised, the transaction does not alter the company’s capital structure or signal insider conviction. Investors should view the filing as procedural housekeeping rather than a catalyst for share-price movement.

Portfolio Manager

TL;DR: Small, zero-cost stock grant—no portfolio action warranted.

From a portfolio perspective, the award equates to less than a fraction of a basis point of Appian’s market cap. It neither tightens float nor indicates buying pressure, and the director remains a modest holder. With no derivatives or sales involved, the event is operationally neutral. I classify it as non-impactful for allocation decisions.

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

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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^*

McCarthy William D.

(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	11,043	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.
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