AG˹ٷ

STOCK TITAN

[Form 4] Appian Corporation Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Director Craig F. Sullivan filed a Form 4 disclosing a single derivative transaction in Monarch Casino & Resort (MCRI) on 24 Jul 2025. He sold 724 stock-option rights (transaction code S) with a $44.55 exercise price at $106.98 per option. Following the sale, Sullivan still directly owns 48,076 option rights across nine grant tranches carrying strike prices between $43.09 and $86.44 and expirations from 2028 to 2035. No acquisitions or dispositions of common shares were reported.

Il direttore Craig F. Sullivan ha presentato un Modulo 4 comunicando una singola operazione derivata su Monarch Casino & Resort (MCRI) il 24 luglio 2025. Ha venduto 724 diritti di opzione su azioni (codice operazione S) con un prezzo di esercizio di $44,55 a $106,98 per opzione. Dopo la vendita, Sullivan detiene ancora direttamente 48.076 diritti di opzione suddivisi in nove tranche di assegnazione con prezzi di esercizio compresi tra $43,09 e $86,44 e scadenze dal 2028 al 2035. Non sono state segnalate acquisizioni o cessioni di azioni ordinarie.

El director Craig F. Sullivan presentó un Formulario 4 revelando una única transacción derivada en Monarch Casino & Resort (MCRI) el 24 de julio de 2025. Vendió 724 derechos de opciones sobre acciones (código de transacción S) con un precio de ejercicio de $44.55 a $106.98 por opción. Tras la venta, Sullivan aún posee directamente 48,076 derechos de opción distribuidos en nueve tramos de concesión con precios de ejercicio entre $43.09 y $86.44 y vencimientos desde 2028 hasta 2035. No se reportaron adquisiciones ni disposiciones de acciones comunes.

이사 Craig F. Sullivan은 2025� 7� 24� Monarch Casino & Resort (MCRI)에서 단일 파생 거래� 공개하는 Form 4� 제출했습니다. 그는 724� 스톡옵션 권리(거래 코드 S)� 행사가� $44.55� 옵션� $106.98� 매도했습니다. 매도 � Sullivan은 여전� 9개의 부� 구간� 걸쳐 행사가격이 $43.09에서 $86.44 사이이며 만료일이 2028년부� 2035년까지� 48,076개의 옵션 권리� 직접 보유하고 있습니다. 보통� 매수� 매도� 보고되지 않았습니�.

Le directeur Craig F. Sullivan a déposé un formulaire 4 révélant une unique transaction dérivée sur Monarch Casino & Resort (MCRI) le 24 juillet 2025. Il a vendu 724 droits d’options d’achat d’actions (code transaction S) à un prix d’exercice de 44,55 $ pour un prix de 106,98 $ par option. Après la vente, Sullivan détient encore directement 48 076 droits d’option répartis en neuf tranches d’attribution avec des prix d’exercice allant de 43,09 $ à 86,44 $ et des échéances de 2028 à 2035. Aucune acquisition ou cession d’actions ordinaires n’a été signalée.

Direktor Craig F. Sullivan reichte am 24. Juli 2025 ein Formular 4 ein, das eine einzelne Derivattransaktion bei Monarch Casino & Resort (MCRI) offenlegt. Er verkaufte 724 Aktienoptionsrechte (Transaktionscode S) mit einem Ausübungspreis von $44,55 zu $106,98 pro Option. Nach dem Verkauf besitzt Sullivan weiterhin direkt 48.076 Optionsrechte verteilt auf neun Zuteilungstranchen mit Ausübungspreisen zwischen $43,09 und $86,44 und Laufzeiten von 2028 bis 2035. Keine Erwerbe oder Veräußerungen von Stammaktien wurden gemeldet.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Minor insider option sale; negligible impact on MCRI valuation.

The reported disposal represents roughly 1.5% of Sullivan’s remaining 48,076 option rights, signalling portfolio rebalancing rather than a directional view on Monarch Casino’s fundamentals. The absence of common-share sales and the retention of substantial option exposure indicate continued alignment with shareholders. Given the modest size and derivative nature of the transaction, I classify the filing as informational with limited market relevance.

Il direttore Craig F. Sullivan ha presentato un Modulo 4 comunicando una singola operazione derivata su Monarch Casino & Resort (MCRI) il 24 luglio 2025. Ha venduto 724 diritti di opzione su azioni (codice operazione S) con un prezzo di esercizio di $44,55 a $106,98 per opzione. Dopo la vendita, Sullivan detiene ancora direttamente 48.076 diritti di opzione suddivisi in nove tranche di assegnazione con prezzi di esercizio compresi tra $43,09 e $86,44 e scadenze dal 2028 al 2035. Non sono state segnalate acquisizioni o cessioni di azioni ordinarie.

El director Craig F. Sullivan presentó un Formulario 4 revelando una única transacción derivada en Monarch Casino & Resort (MCRI) el 24 de julio de 2025. Vendió 724 derechos de opciones sobre acciones (código de transacción S) con un precio de ejercicio de $44.55 a $106.98 por opción. Tras la venta, Sullivan aún posee directamente 48,076 derechos de opción distribuidos en nueve tramos de concesión con precios de ejercicio entre $43.09 y $86.44 y vencimientos desde 2028 hasta 2035. No se reportaron adquisiciones ni disposiciones de acciones comunes.

이사 Craig F. Sullivan은 2025� 7� 24� Monarch Casino & Resort (MCRI)에서 단일 파생 거래� 공개하는 Form 4� 제출했습니다. 그는 724� 스톡옵션 권리(거래 코드 S)� 행사가� $44.55� 옵션� $106.98� 매도했습니다. 매도 � Sullivan은 여전� 9개의 부� 구간� 걸쳐 행사가격이 $43.09에서 $86.44 사이이며 만료일이 2028년부� 2035년까지� 48,076개의 옵션 권리� 직접 보유하고 있습니다. 보통� 매수� 매도� 보고되지 않았습니�.

Le directeur Craig F. Sullivan a déposé un formulaire 4 révélant une unique transaction dérivée sur Monarch Casino & Resort (MCRI) le 24 juillet 2025. Il a vendu 724 droits d’options d’achat d’actions (code transaction S) à un prix d’exercice de 44,55 $ pour un prix de 106,98 $ par option. Après la vente, Sullivan détient encore directement 48 076 droits d’option répartis en neuf tranches d’attribution avec des prix d’exercice allant de 43,09 $ à 86,44 $ et des échéances de 2028 à 2035. Aucune acquisition ou cession d’actions ordinaires n’a été signalée.

Direktor Craig F. Sullivan reichte am 24. Juli 2025 ein Formular 4 ein, das eine einzelne Derivattransaktion bei Monarch Casino & Resort (MCRI) offenlegt. Er verkaufte 724 Aktienoptionsrechte (Transaktionscode S) mit einem Ausübungspreis von $44,55 zu $106,98 pro Option. Nach dem Verkauf besitzt Sullivan weiterhin direkt 48.076 Optionsrechte verteilt auf neun Zuteilungstranchen mit Ausübungspreisen zwischen $43,09 und $86,44 und Laufzeiten von 2028 bis 2035. Keine Erwerbe oder Veräußerungen von Stammaktien wurden gemeldet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Abdiel Capital Advisors, LP

(Last) (First) (Middle)
C/O ABDIEL CAPITAL
90 PARK AVENUE, 29TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
APPIAN CORP [ APPN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/25/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/25/2025 S 238,674 D $29.73(1) 5,702,043 I By Abdiel Qualified Master Fund, LP(2)
Class A Common Stock 07/25/2025 S 11,451 D $29.73(1) 5,690,592 I By Abdiel Capital, LP(2)
Class A Common Stock 07/28/2025 S 17,788 D $29.86(3) 5,672,804 I By Abdiel Qualified Master Fund, LP(2)
Class A Common Stock 07/28/2025 S 853 D $29.86(3) 5,671,951 I By Abdiel Capital, LP(2)
Class A Common Stock 07/28/2025 S 312,014 D $30.4(4) 5,359,937 I By Abdiel Qualified Master Fund, LP(2)
Class A Common Stock 07/28/2025 S 14,971 D $30.4(4) 5,344,966 I By Abdiel Capital, LP(2)
Class A Common Stock 07/28/2025 S 18,262 D $31.01(5) 5,326,704 I By Abdiel Qualified Master Fund, LP(2)
Class A Common Stock 07/28/2025 S 876 D $31.01(5) 5,325,828 I By Abdiel Capital, LP(2)
Class A Common Stock 07/29/2025 S 10,677 D $29.71(6) 5,315,151 I By Abdiel Qualified Master Fund, LP(2)
Class A Common Stock 07/29/2025 S 512 D $29.71(6) 5,314,639 I By Abdiel Capital, LP(2)
Class A Common Stock 07/29/2025 S 10,034 D $30.28(7) 5,304,605 I By Abdiel Qualified Master Fund, LP(2)
Class A Common Stock 07/29/2025 S 482 D $30.28(7) 5,304,123 I By Abdiel Capital, LP(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Abdiel Capital Advisors, LP

(Last) (First) (Middle)
C/O ABDIEL CAPITAL
90 PARK AVENUE, 29TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Abdiel Qualified Master Fund LP

(Last) (First) (Middle)
C/O ABDIEL CAPITAL
90 PARK AVENUE, 29TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Abdiel Capital LP

(Last) (First) (Middle)
C/O ABDIEL CAPITAL
90 PARK AVENUE, 29TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Abdiel Partners, LLC

(Last) (First) (Middle)
C/O ABDIEL CAPITAL
90 PARK AVENUE, 29TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Abdiel Capital Management, LLC

(Last) (First) (Middle)
C/O ABDIEL CAPITAL
90 PARK AVENUE, 29TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Moran Colin T.

(Last) (First) (Middle)
C/O ABDIEL CAPITAL
90 PARK AVENUE, 29TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The price reported for the Common Stock is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.50 to $30.03. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
2. The share numbers in Column 5 represent the aggregated holdings of Abdiel Qualified Master Fund, LP ("AQMF"), Abdiel Capital, LP ("ACLP") and Abdiel Partners, LLC ("APLLC"). Abdiel Capital Advisors, LP serves as the investment manager of AQMF, ACLP and APLLC. Abdiel Capital Management, LLC is the general partner of AQMF and ACLP. Colin T. Moran is the managing member of Abdiel Capital Management, LLC and Abdiel Capital Partners, LLC, which is the general partner of Abdiel Capital Advisors, LP and the managing member of APLLC. By virtue of the foregoing relationships, Mr. Moran and Abdiel Capital Advisers LP may be deemed to beneficially own the securities held by AQMF, ACLP and APLLC, and Abdiel Capital Management LLC may be deemed to beneficially own the securities held by AQMF and ACLP. Each Reporting Person disclaims beneficial ownership of such securities, except to the extent of its or his pecuniary interest therein.
3. The price reported for the Common Stock is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.53 to $30.00. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
4. The price reported for the Common Stock is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.94. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
5. The price reported for the Common Stock is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.00 to $31.04. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
6. The price reported for the Common Stock is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.50 to $29.99. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
7. The price reported for the Common Stock is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.97. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
By: /s/ Colin T. Moran as managing member of Abdiel Capital Partners, LLC, general partner of Abdiel Capital Advisors, LP 07/29/2025
By: /s/ Colin T. Moran as managing member of Abdiel Capital Management, LLC, general partner of Abdiel Qualified Master Fund, LP 07/29/2025
By: /s/ Colin T. Moran as managing member of Abdiel Capital Management, LLC, general partner of Abdiel Capital, LP 07/29/2025
By: /s/ Colin T. Moran as managing member of Abdiel Capital Partners, LLC, managing member of Abdiel Partners, LLC 07/29/2025
By: /s/ Colin T. Moran as managing member of Abdiel Capital Management, LLC 07/29/2025
By: /s/ Colin T. Moran, individually 07/29/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did Craig Sullivan report for MCRI on 24 Jul 2025?

He filed a Form 4 showing the sale of 724 stock-option rights at $106.98 each.

How many Monarch Casino options does Sullivan still hold after the transaction?

The filing states he retains 48,076 derivative option rights.

Were any MCRI common shares bought or sold in this Form 4?

No. The report lists only derivative option transactions; no common-share activity occurred.

What is the exercise price of the options Sullivan sold?

The options have a $44.55 exercise (conversion) price.

What price did Sullivan receive for the disposed options?

Column 8 of the filing shows a $106.98 price per option right.
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