Tanjga Srdjan 4

What Happened

• Tanjga Srdjan, Chief Financial Officer of Appian Corp (APPN), had 16,277 Performance Stock Awards (PSAs) vest and convert into 16,277 shares on March 5, 2026. To cover tax withholding related to the vesting, 7,048 of those shares were surrendered at an effective withholding price of $26.99 per share, equal to $190,226. Net shares delivered to the reporting person were 9,229 shares (16,277 vested − 7,048 withheld). No open-market sale of shares was reported.

Key Details

• Transaction date: 2026-03-05; Form 4 filed 2026-03-09 (timely filing).
• Exercise / conversion: 16,277 PSAs converted to 16,277 Class A common shares (transaction code M).
• Tax withholding: 7,048 shares withheld/disposed to cover taxes at $26.99/share for total withholding value of $190,226 (transaction code F).
• Net shares received: 9,229 shares.
• Footnotes: PSAs convert one-for-one into Class A common stock; each PSA is a contingent right to one share (or cash at issuer’s discretion); PSAs were granted 2026-02-17 and vest in four equal annual installments beginning 2026-03-05, subject to continued service.
• Filing timeliness: Filed within the normal Form 4 reporting window; not indicated as late.

Context

• This was a vesting/settlement of performance awards, not an open-market purchase or sale. The withholding of shares to satisfy tax obligations is a routine, administrative step and does not represent a market sell-off.