Kramer Robert Charles 4

What Happened

• Robert C. Kramer, General Manager and Director of Appian Corporation (APPN), converted 3,770 restricted stock units (RSUs) into 3,770 shares on March 3, 2026 (derivative exercise/conversion, code M). To satisfy tax withholding obligations, 1,215 of those shares were surrendered at $27.34 per share (code F) for a total withholding value of $33,218. The exercise price shown was $0.00, consistent with RSU settlement.
• Net shares received by Kramer from this transaction: 3,770 converted − 1,215 withheld = 2,555 shares retained.

Key Details

• Transaction date: 2026-03-03. Filing (Form 4) accession date: 0001707249-26-000005 (filed same day).
• Conversion/exercise: 3,770 RSUs → 3,770 shares (exercise/conversion code M); withholding: 1,215 shares @ $27.34 = $33,218 (code F).
• Net new shares: 2,555.
• Footnotes: RSUs convert one-for-one to Class A common stock (F1, F4). RSUs were granted on Feb 26, 2026 and vested immediately (F5). Reported securities are held in The Robert C. Kramer Trust (he is sole trustee/beneficiary) and an irrevocable family trust (2023 Trust) for certain reported securities (F2, F3).
• Shares owned after the transaction are not specified in the excerpt of the filing.

Context

• This was an RSU conversion with shares withheld to cover tax liability (routine withholding), not an open-market sale—so it does not necessarily signal a change in sentiment.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion here); F = payment of exercise price or tax liability (share withholding). The filing appears timely (same-day reporting).