Abdiel Capital Ups Stake in Appian Corp to 9.9%
Ticker: APPN · Form: SC 13D/A · Filed: Jul 9, 2024 · CIK: 1441683
| Field | Detail |
|---|---|
| Company | Appian Corp (APPN) |
| Form Type | SC 13D/A |
| Filed Date | Jul 9, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, ownership-stake, amendment
Related Tickers: APPN
TL;DR
Abdiel Capital now owns 9.9% of Appian Corp, filing amended 13D.
AI Summary
Abdiel Capital, through its affiliated entities, has amended its Schedule 13D filing regarding Appian Corporation. As of July 5, 2024, Abdiel Qualified Master Fund LP reported beneficial ownership of 10,200,000 shares of Appian Corporation's Class A Common Stock, representing approximately 9.9% of the outstanding shares. This filing indicates a significant stake held by Abdiel Capital in Appian.
Why It Matters
This filing signals continued significant investor interest and potential influence from Abdiel Capital in Appian Corporation's strategic direction.
Risk Assessment
Risk Level: medium — Significant ownership changes by activist investors can lead to increased volatility and strategic shifts for the company.
Key Numbers
- 10,200,000 — Shares Owned (Abdiel Qualified Master Fund LP's beneficial ownership in Appian Corporation.)
- 9.9% — Ownership Percentage (Abdiel Qualified Master Fund LP's stake in Appian Corporation.)
Key Players & Entities
- Abdiel Capital (company) — Filing entity
- Appian Corporation (company) — Subject company
- Abdiel Qualified Master Fund LP (company) — Reporting entity
- Colin T. Moran (person) — Authorized contact
- 10,200,000 shares (dollar_amount) — Number of shares owned
- 9.9% (dollar_amount) — Percentage of ownership
FAQ
What is the total number of Appian Corporation shares beneficially owned by Abdiel Qualified Master Fund LP?
Abdiel Qualified Master Fund LP beneficially owns 10,200,000 shares of Appian Corporation's Class A Common Stock.
What percentage of Appian Corporation's outstanding shares does Abdiel Qualified Master Fund LP own?
Abdiel Qualified Master Fund LP owns approximately 9.9% of the outstanding shares of Appian Corporation.
Who is the authorized person to receive notices and communications for Abdiel Capital?
Colin T. Moran is the person authorized to receive notices and communications for Abdiel Capital.
On what date was this amendment (Amendment No. 39) to the Schedule 13D filed?
This amendment to the Schedule 13D was filed on July 9, 2024.
What is the primary business of Appian Corporation?
Appian Corporation is in the Services-Prepackaged Software industry, SIC code 7372.
Filing Stats: 2,061 words · 8 min read · ~7 pages · Grade level 7 · Accepted 2024-07-09 21:38:56
Key Financial Figures
- $0.0001 — Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class o
Filing Documents
- d545795dsc13da.htm (SC 13D/A) — 106KB
- d545795dex99a.htm (EX-99.A) — 15KB
- 0001193125-24-176900.txt ( ) — 123KB
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: July 9, 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