APPN APPIAN CORP

NEUTRAL Impact: 3/10 144
Horizon days Filed Jun 8, 2026 Processed 10d 13h ago SEC 0001968582-26-000559
Form 144 — notice of proposed sale of securities
Latest settled — T+5d
APPN ▼ -3.24% at T+5d
NEUTRAL call ✗ call lost -3.24% · α vs SPY -5.66% · entry $24.05 → $23.27
Next anchor: T+20d in 18d
Last close $21.56 (close Jun 17) · -10.35% from $24.05 entry
Entry anchored
Jun 8, 03:59 PM ET
via Databento tick
T+1d
-2.54%
call -2.54% · α -0.96%
$23.44
settled 10d ago
T+5d
-3.24%
call -3.24% · α -5.66%
$23.27
settled 4d ago
T+20d
call — · α —
in 18d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

Appian CEO and 10% owner Matthew Calkins filed a Form 144 on June 8, 2026, indicating intent to sell 50,000 shares of Class A Common stock through J.P. Morgan Securities. The shares were acquired via a stock option exercise on January 4, 2022. The proposed sale represents approximately $1.24 million at the time of filing and about 0.12% of Calkins' reported holdings of 42,324,735 shares. While the sale is small relative to his total stake, a CEO filing to sell ahead of any upcoming catalyst warrants attention.

Actionable Insight

The CEO's intent to sell a small fraction of his holdings is not alarming by itself, but given the company's weak analyst consensus (only 8% bullish) and the historical underperformance of prior reports on APPN, traders should monitor for any subsequent Form 4 filings confirming the sale and watch for any material news or earnings pre-announcements that may have prompted the filing.

Key Facts

  • Insider: Matthew Calkins, CEO, President, and 10% Owner
  • Proposed sale: 50,000 shares of Class A Common
  • Approximate value: $1,236,250
  • Shares held after sale: 42,324,735
  • Shares acquired via stock option exercise on 01/04/2022
  • Sale to be executed through J.P. Morgan Securities LLC
  • Filing date: June 8, 2026

Financial Impact

Proposed sale of 50,000 shares valued at approximately $1.24 million, representing ~0.12% of CEO's total holdings.

insider holdingsdilution

Risk Factors

  • CEO selling ahead of potential negative news or earnings miss
  • Low analyst bullish sentiment (8%) suggests limited institutional conviction
  • Historical reports on APPN have underperformed, indicating potential for further downside

Market Snapshot

Exchange
Nasdaq
Sector
Services-Prepackaged Software
Analyst Consensus
8% bullish (13 analysts)

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
144 Filing (Primary)0001968582-26-000559
Document: 0001968582-26-000559-index.html0001968582-26-000559
Document: 0001968582-26-000559.txt0001968582-26-000559
4 reports for APPN
Performance horizon

Track record builds as more directional reports settle.

Filters
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Reports for APPN — sortable, filterable
Type Now
Jun 11, 2026
7d ago
Institutional Cluster
MIXED ★ 4/10
$23.64 $21.56▼ −8.80%▼ −9.23%$21.56 (−8.80%)
Jun 8, 2026
10d ago
144
NEUTRAL ★ 3/10
$24.05 $23.27▼ −3.24%▼ −5.66%$21.56 (−10.35%)
May 7, 2026
6w ago
8-K
BULLISH ★ 7/10
$23.76 $18.72▼ −21.21%▼ −22.72%$21.56 (−9.26%)
Apr 22, 2026
8w ago
DEFA14A
NEUTRAL ★ 2/10
$21.60 $21.72▲ +0.56%▼ −0.92%$21.56 (−0.19%)
Showing 4 of 4

US Market Status

Market Closed — Juneteenth — Opens Mon (75h 20m)

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