Appian (NASDAQ: APPN) director sells 9,530 Class A shares after option exercises

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Appian Corporation director Mark Steven Lynch reported option exercises, share conversions, and a stock sale. He exercised employee stock options covering 9,430 shares at an exercise price of $9.46 per share and 100 shares at $12.00 per share, all fully vested. These transactions resulted in conversions of Class B Common Stock into the same number of Class A Common Stock shares. Lynch then sold 9,530 shares of Class A Common Stock at a price of $27.00 per share, and held 43,968 shares of Class A Common Stock directly following the sale.

Insider Trade Summary

Net Seller: 9,530 shares ($257,310)

Net Sell 9 txns

Insider Lynch Mark Steven

Role Director

Sold 9,530 shs ($257K)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	9,430	$0.00	--
Exercise	Class B Common Stock	9,430	$9.46	$89K
Conversion	Class B Common Stock	9,430	$0.00	--
Exercise	Employee Stock Option (Right to Buy)	100	$0.00	--
Exercise	Class B Common Stock	100	$12.00	$1K
Conversion	Class B Common Stock	100	$0.00	--
Conversion	Class A Common Stock	9,430	$9.46	$89K
Conversion	Class A Common Stock	100	$12.00	$1K
Sale	Class A Common Stock	9,530	$27.00	$257K

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 shares (Direct); Class B Common Stock — 9,430 shares (Direct); Class A Common Stock — 53,398 shares (Direct)

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)) Fully vested.

Form 4 Insider Transactions: What Each Field Means →

03/03/2026 - 05:21 PM

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

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)
03/03/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/03/2026		C⁽¹⁾		9,430	A	$9.46⁽²⁾⁽³⁾	53,398	D
Class A Common Stock	03/03/2026		C⁽¹⁾		100	A	$12⁽²⁾⁽³⁾	53,498	D
Class A Common Stock	03/03/2026		S		9,530	D	$27	43,968	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$9.46	03/03/2026		M			9,430	⁽⁴⁾	07/20/2026	Class B Common Stock	9,430	$0	0	D
Class B Common Stock	⁽²⁾⁽³⁾	03/03/2026		M		9,430		⁽²⁾⁽³⁾	⁽²⁾⁽³⁾	Class A Common Stock	9,430	$9.46	9,430	D
Class B Common Stock	⁽²⁾⁽³⁾	03/03/2026		C⁽¹⁾			9,430	⁽²⁾⁽³⁾	⁽²⁾⁽³⁾	Class A Common Stock	9,430	$0	0	D
Employee Stock Option (Right to Buy)	$12	03/03/2026		M			100	⁽⁴⁾	04/25/2027	Class B Common Stock	100	$0	0	D
Class B Common Stock	⁽²⁾⁽³⁾	03/03/2026		M		100		⁽²⁾⁽³⁾	⁽²⁾⁽³⁾	Class A Common Stock	100	$12	100	D
Class B Common Stock	⁽²⁾⁽³⁾	03/03/2026		C⁽¹⁾			100	⁽²⁾⁽³⁾	⁽²⁾⁽³⁾	Class A Common Stock	100	$0	0	D

Explanation of Responses:

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.

2. (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.

3. 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))

4. Fully vested.

Remarks:

	/s/ Angela Patterson, Attorney-in-Fact	03/03/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Appian (APPN) director Mark Steven Lynch report on this Form 4?

Mark Steven Lynch reported exercising employee stock options and selling shares. He exercised options for 9,430 shares at $9.46 and 100 shares at $12.00, converted Class B into Class A Common Stock, then sold 9,530 Class A shares at $27.00 each.

How many Appian (APPN) shares did Mark Steven Lynch sell in this filing?

He sold 9,530 shares of Appian Class A Common Stock. The reported transaction was coded "S" for a sale in the open market or a private transaction at a price of $27.00 per share, reducing his direct holdings but leaving a substantial remaining balance.

What stock options did Mark Steven Lynch exercise in Appian (APPN)?

He exercised fully vested employee stock options linked to 9,430 shares at an exercise price of $9.46 and 100 shares at $12.00. These option exercises produced Class B Common Stock, which was then converted into an equal number of Class A shares.

How did Mark Steven Lynch’s ownership in Appian (APPN) change after these transactions?

After exercising options, converting Class B to Class A, and selling 9,530 Class A shares, he directly held 43,968 Class A Common Stock shares. The filing lists this as his total direct ownership immediately following the reported transactions on the same transaction date.

What is the relationship between Appian (APPN) Class B and Class A Common Stock in this Form 4?

Each Class B share is convertible into one Class A share at the holder’s option. The filing notes that Class B automatically converts into Class A under certain conditions and that all Class B shares involved here were converted one-for-one into Class A Common Stock.

Is the Class B Common Stock held by Mark Steven Lynch in Appian (APPN) still outstanding after this Form 4?

The reported Class B Common Stock positions tied to these transactions show zero shares following conversion. The filing indicates that each involved Class B share was converted into a Class A share, leaving no remaining balance from those specific Class B positions.