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.
Price Chart
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.
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.
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
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001968582-26-000559 |
| Document: 0001968582-26-000559-index.html | 0001968582-26-000559 |
| Document: 0001968582-26-000559.txt | 0001968582-26-000559 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 15, 2026 6w ago | Institutional Cluster | $34.91 $37.92 | ▲ +8.62% | ▲ +10.60% | $36.68 (+5.07%) |
Aug 6, 2026 8w ago | 8-K | $30.41 $40.82 | ▲ +34.23% | ▲ +33.63% | $36.68 (+20.62%) |
Jun 11, 2026 16w ago | Institutional Cluster | $23.64 $25.24 | ▲ +6.77% | ▲ +4.88% | $36.68 (+55.16%) |
Jun 8, 2026 16w ago | 144 | $24.05 $24.68 | ▲ +2.62% | ▲ +1.17% | $36.68 (+52.52%) |
May 7, 2026 21w ago | 8-K | $23.76 $24.07 | ▲ +1.30% | ▼ −1.83% | $36.68 (+54.38%) |
Apr 22, 2026 23w ago | DEFA14A | $21.60 $21.34 | ▼ −1.20% | ▼ −5.84% | $36.68 (+69.81%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access