Abdiel Capital Ups Stake in Appian Corp to 9.9%
Ticker: APPN · Form: SC 13D/A · Filed: Jul 12, 2024 · CIK: 1441683
| Field | Detail |
|---|---|
| Company | Appian Corp (APPN) |
| Form Type | SC 13D/A |
| Filed Date | Jul 12, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, shareholder-stake, sec-filing
Related Tickers: APPN
TL;DR
Abdiel Capital now owns 9.9% of Appian Corp (APPN) after filing amendment 40. Big stake!
AI Summary
Abdiel Capital, through its affiliated entities, has filed an amendment (No. 40) to its Schedule 13D concerning Appian Corporation. As of July 11, 2024, Abdiel Qualified Master Fund LP reported beneficial ownership of 10,100,000 shares of Appian Corporation's Class A Common Stock, representing 9.9% of the outstanding shares. This filing indicates a significant stake held by Abdiel Capital in Appian.
Why It Matters
This filing signals a substantial investment by a known activist investor in Appian, potentially leading to increased scrutiny of the company's performance and strategic direction.
Risk Assessment
Risk Level: medium — Significant ownership by an activist investor can lead to increased volatility and potential strategic changes for the company.
Key Numbers
- 10,100,000 — Shares Owned (Represents 9.9% of Appian Corp's Class A Common Stock.)
- 9.9% — Ownership Stake (Indicates a significant position held by Abdiel Capital.)
- 40 — Amendment Number (This is the 40th amendment to the Schedule 13D filing.)
Key Players & Entities
- Abdiel Capital (company) — Filing entity and significant shareholder
- Appian Corporation (company) — Subject company
- Abdiel Qualified Master Fund LP (company) — Reporting entity for beneficial ownership
- Colin T. Moran (person) — Authorized contact for notices
- 10,100,000 (dollar_amount) — Number of shares beneficially owned
- 9.9% (dollar_amount) — Percentage of outstanding shares owned
FAQ
What is the total number of Appian Corporation Class A Common Stock shares beneficially owned by Abdiel Qualified Master Fund LP?
Abdiel Qualified Master Fund LP beneficially owns 10,100,000 shares of Appian Corporation's Class A Common Stock.
What percentage of Appian Corporation's Class A Common Stock does Abdiel Qualified Master Fund LP own?
Abdiel Qualified Master Fund LP owns 9.9% of the outstanding Class A Common Stock of Appian Corporation.
Who is authorized to receive notices and communications for this filing?
Colin T. Moran of Abdiel Capital is authorized to receive notices and communications.
What is the date of the filing amendment?
The filing amendment (Amendment No. 40) is dated July 11, 2024.
Which entities are listed as group members for Abdiel Capital?
The group members listed are ABDIEL CAPITAL ADVISORS, LP, ABDIEL CAPITAL MANAGEMENT, LLC, ABDIEL CAPITAL, LP, and ABDIEL PARTNERS, LLC.
Filing Stats: 2,081 words · 8 min read · ~7 pages · Grade level 7 · Accepted 2024-07-12 21:04:27
Key Financial Figures
- $0.0001 — Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class o
Filing Documents
- d864481dsc13da.htm (SC 13D/A) — 106KB
- d864481dex99a.htm (EX-99.A) — 15KB
- 0001193125-24-178696.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 12, 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