Lead Edge Capital Management reports shared ownership of 2,878,544 shares of Appian Corporation Class A common stock, representing 6.8% of the class based on May 4, 2026 outstanding shares. The shares are held by private investment funds managed by Lead Edge; three managing members report shared voting and dispositive power.
The filing clarifies the percentage calculation uses the Issuer's Form 10-Q count of 42,324,735 shares outstanding as of May 4, 2026, and each Reporting Person disclaims beneficial ownership except for any pecuniary interest.
Positive
None.
Negative
None.
Insights
Lead Edge reports a meaningful passive stake in Appian at 6.8%.
The Schedule 13G shows 2,878,544 shares held by funds managed by Lead Edge, with shared voting and dispositive power among the managing members. The percent is calculated using the issuer's stated outstanding share count as of May 4, 2026.
Because the filing is a 13G, it indicates passive or institutional reporting rather than an activist intent; subsequent filings would show any change in intentions or voting behavior.
Reporting persons disclaim direct beneficial ownership and disclose shared powers via the investment manager.
The filing states the shares are held by Lead Edge Entities and that Mitchell Green, Brian Neider, and Nimay Mehta serve as managing members with shared voting/dispositive power over the 2,878,544 shares. Each disclaims ownership except for pecuniary interest.
Future Form 13D/13G amendments would be the place to watch for changes in intent or control; timing and actions are not detailed here.
Key Figures
Reported shares owned:2,878,544 sharesPercent of class:6.8%Shares outstanding used:42,324,735 shares
3 metrics
Reported shares owned2,878,544 sharesHeld by Lead Edge-managed funds; reported on Schedule 13G
Percent of class6.8%Calculated using outstanding shares as of <date>May 4, 2026</date>
Shares outstanding used42,324,735 sharesIssuer's Form 10-Q stated outstanding shares as of <date>May 4, 2026</date>
"The filing header and context where ownership is reported"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
shared dispositive powerregulatory
"By virtue of these relationships, the Reporting Persons may be deemed to have shared voting and dispositive power"
disclaims beneficial ownershipregulatory
"Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein"
FAQ
What stake does Lead Edge hold in Appian (APPN)?
Lead Edge reports shared ownership of 2,878,544 shares, equal to 6.8% of Class A common stock. The percent uses the issuer's stated outstanding count of 42,324,735 shares as of May 4, 2026.
Who are the named reporting persons on the Schedule 13G for APPN?
The filing names Lead Edge Capital Management, LLC and managing members Mitchell Green, Brian Neider, and Nimay Mehta as Reporting Persons, all reporting shared voting and dispositive power over the disclosed shares.
Does the 13G filing mean Lead Edge controls Appian?
No control is asserted; the filing discloses shared voting and dispositive power but each Reporting Person also disclaims beneficial ownership except for any pecuniary interest. The filing does not state any change in intent to control.
What outstanding share count did the filing use to calculate the 6.8%?
The percent is based on the Issuer's Form 10-Q statement that there were 42,324,735 shares outstanding as of May 4, 2026, which the Schedule 13G cites for its calculation.
Will Lead Edge's intentions or voting plans be disclosed later?
Any change in intent or acquisition that affects control would require an amendment or a different disclosure form; this Schedule 13G does not specify intentions or planned voting actions.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Appian Corporation
(Name of Issuer)
Class A Common Stock, par value $0.0001
(Title of Class of Securities)
03782L101
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
03782L101
1
Names of Reporting Persons
Lead Edge Capital Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,878,544.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,878,544.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,878,544.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.8 %
12
Type of Reporting Person (See Instructions)
IA, OO
Comment for Type of Reporting Person: Please see note in Item 4(a)
SCHEDULE 13G
CUSIP Number(s):
03782L101
1
Names of Reporting Persons
Mitchell Green
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,878,544.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,878,544.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,878,544.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.8 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: Please see note in Item 4(a)
SCHEDULE 13G
CUSIP Number(s):
03782L101
1
Names of Reporting Persons
Brian Neider
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,878,544.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,878,544.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,878,544.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.8 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: Please see note in Item 4(a)
SCHEDULE 13G
CUSIP Number(s):
03782L101
1
Names of Reporting Persons
Nimay Mehta
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,878,544.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,878,544.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,878,544.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.8 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: Please see note in Item 4(a)
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Appian Corporation
(b)
Address of issuer's principal executive offices:
7950 Jones Branch Drive
McClean, Virginia 22102
Item 2.
(a)
Name of person filing:
Lead Edge Capital Management, LLC*
Mitchell Green*
Brian Neider*
Nimay Mehta*
(b)
Address or principal business office or, if none, residence:
96 Spring Street, Floors 5 & 6
New York, New York 10012
(c)
Citizenship:
Lead Edge Capital Management, LLC - Delaware
Mitchell Green - United States
Brian Neider - United States
Nimay Mehta - United States
(d)
Title of class of securities:
Class A Common Stock, par value $0.0001
(e)
CUSIP Number(s):
03782L101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Lead Edge Capital Management, LLC: 2,878,544*
Mitchell Green: 2,878,544*
Brian Neider: 2,878,544*
Nimay Mehta: 2,878,544*
*The Common Stock (the "Shares") of Appian Corporation (the "Issuer") reported herein represents Shares that are held by private investment funds (the "Lead Edge Entities") for which Lead Edge Capital Management, LLC serves as the investment manager (the "Investment Manager"). Mitchell Green, Brian Neider, and Nimay Mehta serve as the managing members of the Investment Manager (the "Managing Members", and collectively with the Lead Edge Entities and the Investment Manager, the "Reporting Persons.") By virtue of these relationships, the Reporting Persons may be deemed to have shared voting and dispositive power with respect to the Shares owned directly by the Lead Edge Entities.
The percent of class reported herein is based upon statements in the Issuer's Form 10-Q filed on May 7, 2026 that there were 42,324,735 Shares outstanding as of May 4, 2026.
This Schedule 13G shall not be deemed an admission that the Reporting Persons are beneficial owners of the Shares for purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein except to the extent of the Reporting Person's pecuniary interest, if any, therein.
(b)
Percent of class:
Lead Edge Capital Management, LLC - 6.8%*
Mitchell Green - 6.8%*
Brian Neider - 6.8%*
Nimay Mehta - 6.8%*
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Lead Edge Capital Management, LLC - 0
Mitchell Green - 0
Brian Neider - 0
Nimay Mehta - 0
(ii) Shared power to vote or to direct the vote:
Lead Edge Capital Management, LLC - 2,878,544*
Mitchell Green - 2,878,544*
Brian Neider - 2,878,544*
Nimay Mehta - 2,878,544*
(iii) Sole power to dispose or to direct the disposition of:
Lead Edge Capital Management, LLC - 0
Mitchell Green - 0
Brian Neider - 0
Nimay Mehta - 0
(iv) Shared power to dispose or to direct the disposition of:
Lead Edge Capital Management, LLC - 2,878,544*
Mitchell Green - 2,878,544*
Brian Neider - 2,878,544*
Nimay Mehta - 2,878,544*
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
