Abdiel Capital Ups Stake in Appian Corp to 9.9%
Ticker: APPN · Form: SC 13D/A · Filed: Aug 15, 2024 · CIK: 1441683
| Field | Detail |
|---|---|
| Company | Appian Corp (APPN) |
| Form Type | SC 13D/A |
| Filed Date | Aug 15, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, ownership-stake, schedule-13d
Related Tickers: APPN
TL;DR
Abdiel Capital now owns 9.9% of Appian Corp, filing shows.
AI Summary
Abdiel Capital, through its affiliated entities, has amended its Schedule 13D filing regarding Appian Corporation. As of August 13, 2024, Abdiel Qualified Master Fund LP reported beneficial ownership of 10,200,000 shares of Appian'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 signifies a substantial ownership position by an activist investor in Appian, potentially leading to strategic discussions or changes within the company.
Risk Assessment
Risk Level: medium — Significant stake by an investment firm can lead to activist campaigns or strategic shifts, introducing uncertainty.
Key Numbers
- 10,200,000 — Shares Owned (Beneficial ownership by Abdiel Qualified Master Fund LP)
- 9.9% — Ownership Stake (Percentage of Appian Corp's Class A Common Stock held)
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 for notices
- 10,200,000 shares (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 10,200,000 shares of Appian Corporation's Class A Common Stock.
What percentage of Appian Corporation's outstanding shares does Abdiel Qualified Master Fund LP's stake represent?
The stake represents approximately 9.9% of the outstanding shares of Appian Corporation's Class A Common Stock.
Who is authorized to receive notices and communications for this filing?
Colin T. Moran at Abdiel Capital is authorized to receive notices and communications.
On what date was this amendment (Amendment No. 43) to the Schedule 13D filed?
This amendment was filed on August 15, 2024.
What is the primary business of Appian Corporation?
Appian Corporation is in the Services-Prepackaged Software industry.
Filing Stats: 2,105 words · 8 min read · ~7 pages · Grade level 7 · Accepted 2024-08-15 19:43:24
Key Financial Figures
- $0.0001 — Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class o
Filing Documents
- d881775dsc13da.htm (SC 13D/A) — 106KB
- d881775dex99a.htm (EX-99.A) — 31KB
- 0001193125-24-201496.txt ( ) — 138KB
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: August 15, 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