Abdiel Capital Is Buying Appian Corp While Other Insiders Are Dumping

Page 4 of 9 – SEC Filing

CUSIP No. 03782L101

Page 4 of 9 Pages
  1.

NAME OF
REPORTING PERSONS

Abdiel Capital Management, LLC

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) (VOLUNTARY)

  2.

CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP

(a)  ☐        (b)  ☐

  3.

SEC USE ONLY

  4.

SOURCE OF FUNDS

AF

  5.

CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

  6.

CITIZENSHIP OR PLACE OF
ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  7.

SOLE VOTING POWER

0

  8.

SHARED VOTING POWER

6,354,492(1)

  9.

SOLE DISPOSITIVE POWER

0

10.

SHARED DISPOSITIVE POWER

6,354,492(1)

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

6,354,492(1)

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)

25.7%(2)(3)

14.

TYPE OF REPORTING PERSON

OO

(1)

Consists of 6,134,603 shares of Class A common stock held by Abdiel Qualified Master Fund, LP and 219,889
shares of Class A common stock held by Abdiel Capital, LP.

(2)

Based on 22,762,370 shares of Class A common stock outstanding as of July 30, 2018, as reported in the
Issuers Quarterly Report on Form 10-Q for the period ended June 30, 2018, filed with the SEC on August 2, 2018, plus 2,000,000 shares of Class A common stock issued in an underwritten registered public offering.

(3)

Represents approximately 1.5% of the total voting power of all outstanding shares of Class A and Class B common
stock.

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