Appian (APPN) CFO Tanjga Srdjan Exercises RSUs, Sells 28,350 Shares

What Happened
Tanjga Srdjan, Chief Financial Officer of Appian Corp (APPN), converted/ exercised 58,920 derivative units (RSUs) on Aug 5, 2026 and had 28,350 shares surrendered to cover tax withholding at $29.96 per share, producing cash of approximately $849,366. The filing also reports a grant of 52,728 RSUs on Aug 4, 2026. The exercise/conversion shows an $0.00 exercise price (consistent with RSU conversion rather than purchase).

Key Details

• Transactions: Aug 4–5, 2026 (filed Aug 6, 2026). Filing appears timely (within normal 2-business-day window).
• Converted/exercised: 58,920 derivative units into common shares (code M) at $0.00.
• Tax withholding: 28,350 shares surrendered/disposed at $29.96 per share = $849,366 (code F).
• Grant: 52,728 RSUs awarded on Aug 4, 2026 (code A).
• Footnotes: RSUs convert one-for-one into Class A common stock; RSUs are contingent and subject to four-year vesting schedules (notes indicate grants on Aug 4, 2026 and Aug 5, 2025 with annual vesting installments).
• Shares owned after the transactions: not specified in this Form 4.

Context
This was a typical RSU conversion with shares withheld to satisfy tax obligations (a common, routine administrative transaction), not a market purchase. The $0.00 exercise price reflects RSU conversion rather than an option purchase. The sale/transfer of 28,350 shares was for tax withholding, so it does not necessarily signal discretionary selling of shares for investment reasons.