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APPIAN CORP·4

May 7, 4:06 PM ET

Zamudio-Ramirez Pavel 4

Research Summary

AI-generated summary

Updated

Appian CCO Pavel Zamudio‑Ramirez Receives RSUs, Withholds Shares

What Happened

  • Pavel Zamudio‑Ramirez, Chief Customer Officer of Appian Corp (APPN), had restricted stock units (RSUs) vest and convert into Class A common shares in early May 2026. The filing shows grants/conversions totaling 15,848 RSUs (recorded May 5, 2026) and additional conversion activity on May 6, 2026.
  • As part of the vesting/conversion, 3,314 shares were surrendered to cover tax withholding at $22.72 per share (total tax withholding = $75,294). After all reported conversions and withholdings/dispositions, the filing shows a net increase of 12,534 shares beneficially owned by the reporting person.

Key Details

  • Transaction dates and types:
    • May 5, 2026: Grant/award recorded — 15,848 RSUs (A) (vested per footnote).
    • May 5, 2026: Conversion/exercise (M) — dispositions of 2,935 and 7,337 shares (reported as $0 proceeds).
    • May 6, 2026: Conversion/exercise (M) — 10,272 shares acquired ($0 reported).
    • May 6, 2026: Tax withholding (F) — 3,314 shares disposed at $22.72/share = $75,294.
  • Net effect reported in this filing: +12,534 shares (acquisitions minus dispositions/withholdings).
  • Footnotes of note:
    • RSUs convert one-for-one into Class A common stock (F1, F3).
    • The RSUs that vested were granted May 6, 2025 and vested May 5, 2026 (F5).
    • Filing notes inclusion of small ESPP purchases (221 and 218 shares) from March and April 2026 (F2).
  • Filing timeliness: Report filed May 7, 2026 — within the typical two-business-day Form 4 window (timely).

Context

  • These transactions reflect RSU vesting and conversion, not an open‑market purchase or a voluntary sale for cash except for shares withheld to cover taxes. That withholding (code F) is routine and does not necessarily indicate a change in insider sentiment.
  • For retail investors: RSU vesting increases the insider’s share stake (after withholding). Because this is an award/vesting event rather than an open‑market buy or sell, it should be viewed as routine compensation-related activity unless accompanied by separate market transactions.