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APPIAN CORP·4

Apr 10, 2:38 PM ET

Kilberg Bobbie G 4

4 · APPIAN CORP · Filed Apr 10, 2026

Research Summary

AI-generated summary of this filing

Updated

Appian (APPN) Director Bobbie G. Kilberg Converts Class B to Class A

What Happened

  • Bobbie G. Kilberg, a director of Appian Corp (APPN), converted and exercised derivative/Class B shares into 10,800 shares of Class A common stock on April 10, 2026. The filing shows an acquisition of 10,800 shares at $11.17 per share, for a total reported cash value of $120,636. The transactions reflect conversion of Class B common stock and related exercise/conversion of derivative securities.

Key Details

  • Transaction date: 2026-04-10.
  • Acquired: 10,800 Class A shares via exercise/conversion at $11.17/share (total $120,636).
  • Conversion: Reporting person converted Class B common stock into Class A common stock (per footnotes).
  • Holdings called out in the filing (footnote): trusts hold a total of 28,431 shares (1,246 + 1,246 + 25,939 across listed trusts).
  • Vesting: Shares are fully vested (Footnote F5).
  • Filing timeliness: Reported on the same date (Apr 10, 2026), no late filing indicated in the provided data.
  • Relevant footnotes: Class B shares are convertible into Class A at holder option and convert automatically in certain events (see Footnotes F1–F3). Trust ownership details are in Footnote F4.

Context

  • This was an acquisition via conversion/exercise (insider acquired shares rather than sold). For retail investors: conversions of class shares are an administrative change in share class and exercises indicate the insider elected to convert/realize derivative rights into ordinary shares. The form does not show an immediate sell of the acquired shares (no cashless sale reported).

Insider Transaction Report

Form 4
Period: 2026-04-10
APPIAN CORPAPPN
Kilberg Bobbie G
Director
Transactions
  • Conversion

    Class A Common Stock

    [F1][F2][F3]
    2026-04-10+10,800→ 12,096 total
  • Exercise/Conversion

    Stock Option (Right to Buy)

    [F5]
    2026-04-10−10,800→ 10,800 total
    Exercise: $11.17Exp: 2027-01-31→ Class B Common Stock (10,800 underlying)
  • Exercise/Conversion

    Class B Common Stock

    [F2][F3]
    2026-04-10$11.17/sh+10,800$120,636→ 10,800 total
    → Class A Common Stock (10,800 underlying)
  • Conversion

    Class B Common Stock

    [F2][F3][F1]
    2026-04-10−10,800→ 10,800 total
    → Class A Common Stock (10,800 underlying)
Holdings

  • Class A Common Stock

    [F4]
    (indirect: By Trust)
    60,031
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").
  • [F5]Fully vested.
Signature
/s/ Angela Patterson, Attorney-in-Fact|2026-04-10

Documents

1 file
  • 4
    wk-form4_1775846287.xmlPrimary

    FORM 4