Abdiel Capital Amends Appian Stake Filing
Ticker: APPN · Form: SC 13D/A · Filed: Aug 26, 2024 · CIK: 1441683
| Field | Detail |
|---|---|
| Company | Appian Corp (APPN) |
| Form Type | SC 13D/A |
| Filed Date | Aug 26, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, shareholder-activism, institutional-ownership
Related Tickers: APPN
TL;DR
Abdiel Capital still holds 5% of APPN, filed an amendment on 8/22.
AI Summary
Abdiel Capital, through its affiliated entities, has amended its Schedule 13D filing regarding Appian Corporation (APPN). As of August 22, 2024, Abdiel Qualified Master Fund LP reported beneficial ownership of 10,400,000 shares of Appian's Class A Common Stock, representing approximately 5.0% of the outstanding shares. This filing is an amendment to their previous disclosures.
Why It Matters
This filing indicates a significant institutional investor's ongoing position and potential influence in Appian Corporation, which could impact stock price and corporate strategy.
Risk Assessment
Risk Level: medium — Changes in significant shareholder positions can lead to increased volatility and potential shifts in company strategy.
Key Numbers
- 5.0% — Ownership Stake (Abdiel Qualified Master Fund LP's beneficial ownership of Appian Corporation's Class A Common Stock.)
- 10,400,000 — Number of Shares (The total number of shares of Appian Corporation's Class A Common Stock beneficially owned by Abdiel Qualified Master Fund LP.)
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 person
- August 22, 2024 (date) — Date of amendment
FAQ
What is the primary purpose of this SC 13D/A filing?
This filing is an amendment to a previous Schedule 13D, updating information regarding the beneficial ownership of Appian Corporation's securities by Abdiel Capital and its affiliated entities.
Who is the subject company of this filing?
The subject company is Appian Corporation.
What is the percentage of Appian Corporation's stock beneficially owned by Abdiel Qualified Master Fund LP?
Abdiel Qualified Master Fund LP beneficially owns approximately 5.0% of the outstanding shares of Appian Corporation's Class A Common Stock.
What is the date of the reported change or amendment?
The date as of which the change is reported is August 26, 2024, with the date of the event being August 22, 2024.
Who is listed as an authorized contact person for this filing?
Colin T. Moran is listed as the person authorized to receive notices and communications, with an address at 90 Park Avenue, 29th Floor, New York, NY 10016.
Filing Stats: 2,113 words · 8 min read · ~7 pages · Grade level 7 · Accepted 2024-08-26 20:30:57
Key Financial Figures
- $0.0001 — Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class o
Filing Documents
- d890202dsc13da.htm (SC 13D/A) — 103KB
- d890202dex99a.htm (EX-99.A) — 25KB
- 0001193125-24-207261.txt ( ) — 130KB
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 26, 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