Abdiel Capital Amends Appian Stake (APPN)
Ticker: APPN · Form: SC 13D/A · Filed: Feb 23, 2024 · CIK: 1441683
| Field | Detail |
|---|---|
| Company | Appian Corp (APPN) |
| Form Type | SC 13D/A |
| Filed Date | Feb 23, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: insider-activity, amendment, institutional-ownership
Related Tickers: APPN
TL;DR
**Abdiel Capital just filed another 13D/A for Appian (APPN), signaling ongoing portfolio adjustments.**
AI Summary
Abdiel Capital Advisors, LP, Abdiel Capital Management, LLC, Abdiel Capital, LP, Abdiel Partners, LLC, and Colin T. Moran (collectively, "Abdiel Capital") filed an Amendment No. 38 to their Schedule 13D on February 23, 2024, regarding their ownership in Appian Corporation (APPN). This filing updates their previous disclosures, indicating ongoing adjustments to their investment in the Class A Common Stock of Appian Corporation. The filing was made by Abdiel Qualified Master Fund LP, with Abdiel Capital acting as the filing group.
Why It Matters
This filing signals a continued active management of Abdiel Capital's significant position in Appian, which could influence market perception and the stock's trading activity.
Risk Assessment
Risk Level: medium — Frequent amendments to a 13D filing can indicate an active and potentially changing investment strategy, which introduces uncertainty for other investors.
Key Players & Entities
- Abdiel Capital Advisors, LP (company) — Group Member
- Abdiel Capital Management, LLC (company) — Group Member
- Abdiel Capital, LP (company) — Group Member
- Abdiel Partners, LLC (company) — Group Member
- Colin T. Moran (person) — Group Member, Contact Person
- Appian Corporation (company) — Subject Company
- Abdiel Qualified Master Fund LP (company) — Filing Entity
FAQ
Who filed this Schedule 13D/A amendment?
The Schedule 13D/A Amendment No. 38 was filed by Abdiel Qualified Master Fund LP, with Abdiel Capital Advisors, LP, Abdiel Capital Management, LLC, Abdiel Capital, LP, Abdiel Partners, LLC, and Colin T. Moran identified as group members.
What is the subject company of this filing?
The subject company of this filing is Appian Corporation, with CIK 0001441683.
What is the CUSIP number for the securities involved?
The CUSIP number for the Class A Common Stock of Appian Corporation is 03782L101.
When was this amendment filed?
This amendment was filed on February 23, 2024.
What type of securities are covered by this filing?
The filing covers Class A Common Stock, $0.0001 par value per share, of Appian Corporation.
Filing Stats: 2,062 words · 8 min read · ~7 pages · Grade level 7.2 · Accepted 2024-02-23 17:40:26
Key Financial Figures
- $0.0001 — Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class o
Filing Documents
- d746806dsc13da.htm (SC 13D/A) — 102KB
- d746806dex99a.htm (EX-99.A) — 14KB
- 0001193125-24-044745.txt ( ) — 118KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: February 23, 2024 ABDIEL QUALIFIED MASTER FUND, LP By: Abdiel Capital Management, LLC, its General Partner By: /s/ Colin T. Moran Colin T. Moran, Managing Member ABDIEL CAPITAL, LP By: Abdiel Capital Management, LLC, its General Partner By: /s/ Colin T. Moran Colin T. Moran, Managing Member ABDIEL PARTNERS, LLC By: Abdiel Capital Partners, LLC, its Managing Member By: /s/ Colin T. Moran Colin T. Moran, Managing Member ABDIEL CAPITAL MANAGEMENT, LLC By: /s/ Colin T. Moran Colin T. Moran, Managing Member ABDIEL CAPITAL ADVISORS, LP By: Abdiel Capital Partners, LLC, its General Partner By: /s/ Colin T. Moran Colin T. Moran, Managing Member COLIN T. MORAN By: /s/ Colin T. Moran Colin T. Moran, Individually 9