Appian (NASDAQ: APPN) CFO nets shares after Performance Stock Award tax withholding
Rhea-AI Filing Summary
Appian Corp Chief Financial Officer Srdjan Tanjga reported equity award activity in company stock. On March 5, 2026, he exercised a Performance Stock Award, converting 16,277 PSAs into 16,277 shares of Class A Common Stock at a stated price of $0.0000 per share, consistent with an equity award conversion rather than an open-market purchase.
Also on March 5, 2026, 7,048 Class A shares were disposed of at $26.99 per share in a transaction coded "F," indicating shares were withheld to cover exercise price or tax liabilities, not sold on the market. After these transactions, he directly held 9,229 shares of Class A Common Stock. Footnotes state each PSA converts one-for-one into Class A shares and that PSAs granted on February 17, 2026 vest in four equal annual installments starting on March 5, 2026, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Award | 16,277 | $0.00 | -- |
| Exercise | Class A Common Stock | 16,277 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 7,048 | $26.99 | $190K |
Footnotes (1)
- Each Performance Stock Award ("PSA") converts into Class A Common Stock on a one-for-one basis. Each PSA represents a contingent right to receive one share of Issuer's Class A Common Stock (or its cash equivalent, at the discretion of the Issuer). The PSAs were granted on February 17, 2026, and vest in four equal annual installments commencing on March 5, 2026, provided that the Reporting Person has provided continuous service to the Issuer through each vesting date.