Zamudio-Ramirez Pavel 4

What Happened
Pavel Zamudio‑Ramirez, Chief Customer Officer of Appian Corporation (APPN), had 2,259 restricted stock units (RSUs) convert into Class A common stock on March 3, 2026. Of those shares, 822 were withheld to satisfy tax withholding obligations at $27.34 per share (total withheld value reported as $22,473), leaving a net 1,437 shares issued to him. The conversion is reported as an exercise/conversion of a derivative (code M) with the withholding reported as a tax/payment of exercise price (code F).

Key Details

• Transaction date: 2026-03-03 (Period of Report 2026-03-03; filing accession 0001913014-26-000004)
• Converted shares: 2,259 RSUs → 2,259 shares (conversion at $0.00 per share as reported)
• Shares withheld for taxes: 822 shares @ $27.34 = $22,473 (disposition code F)
• Net shares issued to insider: 1,437 shares (2,259 − 822)
• Footnotes: F1/F3 — each RSU converts 1-for-1 to Class A common stock and represents a contingent right to one share; F4 — these RSUs were granted on Feb 26, 2026 and vested immediately; F2 — filing notes prior ESPP purchases (170, 127, 150, 221 shares on 11/5/2025, 12/3/2025, 1/6/2026, 2/4/2026).
• Transaction types: M = exercise/conversion of derivative (RSU vest/convert); F = tax withholding/payment of exercise price.
• Filing timeliness: Reported on 2026-03-03 (no late filing indicated in the record).

Context
This was a vesting/conversion of RSUs with shares withheld to cover tax liabilities (a common administrative action), not an open‑market sale or purchase. Such withholding reduces the number of shares the insider retains but does not necessarily indicate a change in insider sentiment.