Kilberg Bobbie G 4
4 · APPIAN CORP · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Appian (APPN) Director Bobbie Kilberg Exercises Options for 21,600 Shares
What Happened
- Bobbie G. Kilberg, a director of Appian Corporation (APPN), converted Class B common stock into Class A common stock and exercised derivative securities to acquire 21,600 shares on 2026-02-18. The exercise price reported for the acquired shares was $11.17 per share, for a total cash cost of $241,272. Several entries showing a $0.00 price relate to the conversion mechanics of the Class B shares (no cash sale).
Key Details
- Transaction date: February 18, 2026 (Form 4 filed 2026-02-19; timely).
- Primary reported acquisition: 21,600 shares acquired via exercise at $11.17/share = $241,272.
- Additional report lines at $0.00 reflect conversion of Class B common stock into Class A common stock (per footnotes), not a market sale.
- Ownership after transaction (per filing footnote): 28,431 shares held across trusts (1,246 + 1,246 + 25,939), which includes 882 shares contributed to the WB Trust on 1/27/2026.
- Vesting/status: Shares/rights reported as fully vested (Footnote 5).
- Relevant footnotes: Class B common stock is convertible 1:1 into Class A at holder’s option and converts automatically under certain conditions (death/disability or if Class B voting power drops below 10%).
Context
- This filing reports an acquisition (exercise/conversion) rather than an open-market purchase or sale. The exercise at $11.17/share required cash consideration ($241,272). Entries showing disposals at $0.00 are tied to the conversion of Class B to Class A and reflect corporate conversion mechanics, not a cash sale to a third party.
- No 10b5-1 plan, tax-withholding sale, or late filing was indicated in the filing.
Insider Transaction Report
Form 4
APPIAN CORPAPPN
Kilberg Bobbie G
Director
Transactions
- Conversion
Class A Common Stock
[F1][F2][F3]2026-02-18+21,600→ 21,600 total - Exercise/Conversion
Stock Option (Right to Buy)
[F5]2026-02-18−21,600→ 21,600 totalExercise: $11.17Exp: 2027-01-31→ Class B Common Stock (21,600 underlying) - Exercise/Conversion
Class B Common Stock
[F2][F3]2026-02-18$11.17/sh+21,600$241,272→ 21,600 total→ Class A Common Stock (21,600 underlying) - Conversion
Class B Common Stock
[F2][F3][F1]2026-02-18−21,600→ 0 total→ Class A Common Stock (21,600 underlying)
Holdings
- 38,431(indirect: By Trust)
Class A Common Stock
[F4]
Footnotes (5)
- [F1]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.
- [F2](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.
- [F3]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))
- [F4]1,246 shares are held by the Barbara Greene Kilberg Living Trust U/A dated July 1, 1998, of which William and Barbara Kilberg are the co-trustees; 1,246 shares held by the Kilberg Family Trust U/A dated October 13, 2021, of which Barbara Kilberg is the trustee; and 25,939 shares held by William & Barbara Kilberg Trustees of the William Kilberg Trust dated July 1, 1998 and Barbara & William Kilberg Trustees of the Barbara Kilberg Trust dated July 1, 1998, Tenants in Common ("WB Trust"). Includes 882 shares previously owned directly that were contributed to the WB Trust on 1/27/2026.
- [F5]Fully vested.
Signature
/s/ Angela Patterson, Attorney-in-Fact|2026-02-19