Appian Corp (APPN) shareholders
APPNNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
$54.51−0.64 (-1.16%)
Close on Nov 13, 2026Market cap $3.90BP/E –Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
53.7%
38M of 72M shares
Institutional holders
213
40 new, 30 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
2 buys · 17 sales
Net sold $9.49M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Matthew W. Calkins | 28,994,207 | 39.20% | 13G (passive) amendment | Dec 31, 2024 |
| Colin T. Moran Joint filing with Abdiel Capital Advisors, LP (9.90%), Abdiel Capital Management, LLC (9.90%) and 1 more | 4,240,234 | 9.90% | 13D (active) amendment | Aug 7, 2025 |
| RPD Fund Management LLC Joint filing with Ahmet H.Okumus (9.10%), RPD Opportunity Fund LP (7.50%) and 1 more | 3,900,656 | 9.10% | 13G (passive) | Feb 20, 2026 |
| Vanguard Portfolio Management | 3,528,884 | 8.70% | 13G (passive) amendment | Sep 30, 2026 |
| Fivespan Partners, LP Joint filing with Dylan Haggart (7.90%) | 3,380,907 | 7.90% | 13D (active) amendment | Feb 3, 2026 |
| BlackRock, Inc. | 3,174,598 | 7.60% | 13G (passive) amendment | Dec 31, 2023 |
| Lead Edge Capital Management, LLC Joint filing with Mitchell Green (6.80%), Brian Neider (6.80%) and 1 more | 2,878,544 | 6.80% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of APPN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Vanguard Portfolio Management LLC | 4,185,786 | 5.84% | $95.85M | +24,227 | 0.00% |
| BlackRock, Inc. | 3,580,307 | 5.00% | $81.99M | +354,220 | 0.00% |
| Fivespan Partners, LP | 3,510,907 | 4.90% | $80.40M | – | 18.95% |
| Lead Edge Capital Management, LLC | 2,878,544 | 4.02% | $65.92M | +972,910 | 11.98% |
| RPD Fund Management LLC | 1,856,981 | 2.59% | $42.52M | −2,062,375 | 19.54% |
| Vanguard Capital Management LLC | 1,674,881 | 2.34% | $38.35M | −3,399 | 0.00% |
| Aqr Capital Management LLC | 1,411,062 | 1.97% | $32.31M | +453,442 | 0.01% |
| First Trust Advisors LP | 1,401,079 | 1.96% | $32.08M | +45,118 | 0.02% |
| Arrowstreet Capital, Limited Partnership | 1,384,665 | 1.93% | $31.71M | −134,988 | 0.01% |
| State Street Corp | 1,085,269 | 1.52% | $24.85M | +61,827 | 0.00% |
| Geode Capital Management, LLC | 1,059,811 | 1.48% | $24.27M | +74,312 | 0.00% |
| Acadian Asset Management LLC | 955,434 | 1.33% | $21.86M | +435,015 | 0.03% |
| Mudita Advisors LLP | 839,400 | 1.17% | $19.22M | – | 4.00% |
| Baillie Gifford & Co | 735,158 | 1.03% | $16.84M | −170,750 | 0.02% |
| Jacobs Levy Equity Management, Inc | 689,825 | 0.96% | $15.80M | +86,395 | 0.06% |
| Citadel Advisors LLC | 619,025 | 0.86% | $14.18M | +101,016 | 0.00% |
| Qube Research & Technologies Ltd | 538,626 | 0.75% | $12.33M | +245,889 | 0.01% |
| Morgan Stanley | 418,899 | 0.58% | $9.59M | −1,126,964 | 0.00% |
| FMR LLC | 417,242 | 0.58% | $9.55M | +36,545 | 0.00% |
| Trexquant Investment LP | 396,681 | 0.55% | $9.08M | +90,738 | 0.05% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 213 | 38M | 53.7% | 40 / 80 | 51 / 30 | 5M | 5M |
| Q1 2026 | 208 | 39M | 54.4% | 38 / 70 | 71 / 70 | 16M | 7M |
| Q4 2025 | 246 | 36M | 50.0% | 50 / 92 | 72 / 30 | 5M | 6M |
| Q3 2025 | 232 | 37M | 51.0% | 41 / 90 | 52 / 30 | 9M | 9M |
| Q2 2025 | 221 | 36M | 50.5% | 39 / 71 | 60 / 38 | 5M | 4M |
| Q1 2025 | 221 | 35M | 49.3% | 49 / 82 | 41 / 29 | 4M | 1M |
| Q4 2024 | 203 | 33M | 45.8% | 44 / 61 | 55 / 31 | 2M | 4M |
| Q3 2024 | 192 | 34M | 48.1% | 35 / 45 | 63 / 36 | 9M | 5M |
| Q2 2024 | 194 | 33M | 46.1% | 38 / 58 | 47 / 50 | 5M | 3M |
| Q1 2024 | 207 | 31M | 43.3% | 40 / 57 | 57 / 47 | 4M | 4M |
| Q4 2023 | 215 | 31M | 42.6% | 56 / 55 | 58 / 41 | 5M | 5M |
| Q3 2023 | 202 | 31M | 43.0% | 23 / 58 | 57 / 28 | 2M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
185 funds held APPN in Q2 2026, 59% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of APPN | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 1,144,415 | 1.60% | $26.21M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,041,041 | 1.45% | $23.84M | 0.03% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 824,245 | 1.15% | $18.88M | 0.01% | Jun 30, 2026 |
| Vanguard Information Technology Index Fund | 813,670 | 1.14% | $19.04M | 0.01% | May 31, 2026 |
| Vanguard Strategic Equity Fund | 775,549 | 1.08% | $17.76M | 0.15% | Jun 30, 2026 |
| First Trust Cloud Computing ETF | 764,549 | 1.07% | $17.51M | 0.64% | Jun 30, 2026 |
| Vanguard Explorer Fund | 499,912 | 0.70% | $13.48M | 0.06% | Jul 31, 2026 |
| Vanguard Small-Cap Growth Index Fund | 484,163 | 0.68% | $11.09M | 0.02% | Jun 30, 2026 |
| First Trust Nasdaq Artificial Intelligence and Robotics ETF | 466,585 | 0.65% | $10.68M | 1.46% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 457,533 | 0.64% | $10.48M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 435,598 | 0.61% | $11.74M | 0.03% | Jul 31, 2026 |
| iShares Russell 2000 Growth ETF | 374,953 | 0.52% | $8.59M | 0.06% | Jun 30, 2026 |
| Fidelity Enhanced Small Cap Core ETF | 358,844 | 0.50% | $8.22M | 0.14% | Jun 30, 2026 |
| Nuveen Quant Small Cap Equity Fund | 342,040 | 0.48% | $9.22M | 0.23% | Jul 31, 2026 |
| Global X Robotics & Artificial Intelligence ETF | 323,325 | 0.45% | $7.57M | 0.20% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Matthew W. Calkins | CEO and President, Director, 10% owner | 21,828,976 | 30.48% | Nov 9, 2026 |
| Robert Charles Kramer | General Manager, Director | 2,378,630 | 3.32% | Mar 3, 2026 |
| Mark Dorsey | Chief Revenue Officer | 27,828 | 0.04% | Nov 9, 2026 |
| Srdjan Tanjga | Chief Financial Officer | 39,799 | 0.06% | Aug 6, 2026 |
| Pavel Zamudio-Ramirez | Chief Customer Officer | 33,062 | 0.05% | May 7, 2026 |
| Christopher Winters | General Counsel | 29,782 | 0.04% | Nov 6, 2025 |
| Mark Steven Lynch | Director | 37,981 | 0.05% | Nov 13, 2026 |
| Shirley Ann Edwards | Director | 15,069 | 0.02% | Oct 2, 2026 |
| Carl Joseph Hartman II | Director | 9,442 | 0.01% | Oct 2, 2026 |
| Bobbie G. Kilberg | Director | 95,977 | 0.13% | Oct 2, 2026 |
| David Forrest Link | Director | 4,317 | 0.01% | Oct 2, 2026 |
| William D. McCarthy | Director | 14,243 | 0.02% | Apr 2, 2026 |
| Albert G.W. Biddle III | Director | 115,235 | 0.16% | Jan 5, 2026 |
| Qualified Master Fund LP Abdiel | 10% owner | 9,199,001 | 12.84% | Aug 8, 2025 |
| Abdiel Capital Advisors, LP | 10% owner | 13,621,352 | 19.02% | Aug 8, 2025 |
| Abdiel Capital Management, LLC | 10% owner | 12,753,860 | 17.81% | Aug 8, 2025 |
| Capital LP Abdiel | 10% owner | 11,883,642 | 16.59% | Aug 8, 2025 |
| Colin T. Moran | 10% owner | 13,879,689 | 19.38% | Aug 8, 2025 |
| Abdiel Partners, LLC | 10% owner | 29,102,072 | 40.63% | Aug 8, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Mark Steven Lynch Director | Nov 11, 2026 | Sale | −9,533 | $53.14 | $506.58K | 37,981 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Nov 6, 2026 | Sale(10b5-1 plan) | −2,102 | $53.29 | $112.02K | 1,554,144 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Nov 6, 2026 | Sale(10b5-1 plan) | −13,415 | $52.25 | $700.93K | 1,556,246 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Nov 6, 2026 | Sale(10b5-1 plan) | −14,483 | $51.55 | $746.60K | 1,569,661 |
| Mark Dorsey Chief Revenue Officer | Nov 5, 2026 | Tax withholding | −7,591 | $54.03 | $410.14K | 27,828 |
| Mark Dorsey Chief Revenue Officer | Nov 5, 2026 | Option exercise | +18,245 | – | – | 35,419 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Oct 7, 2026 | Sale(10b5-1 plan) | −12,400 | $37.97 | $470.83K | 1,584,144 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Oct 7, 2026 | Sale(10b5-1 plan) | −32,600 | $37.32 | $1.22M | 1,596,544 |
| Shirley Ann Edwards Director | Oct 1, 2026 | Award | +886 | – | – | 15,069 |
| Bobbie G. Kilberg Director | Oct 1, 2026 | Award | +886 | – | – | 886 |
| David Forrest Link Director | Oct 1, 2026 | Award | +886 | – | – | 4,317 |
| Carl Joseph Hartman II Director | Oct 1, 2026 | Award | +886 | – | – | 9,442 |
| Mark Steven Lynch Director | Oct 1, 2026 | Award | +886 | – | – | 47,514 |
| Bobbie G. Kilberg Director | Sep 9, 2026 | Conversion | +10,800 | – | – | 10,800 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Sep 8, 2026 | Sale(10b5-1 plan) | −23,888 | $34.73 | $829.63K | 1,650,256 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Sep 8, 2026 | Sale(10b5-1 plan) | −1,996 | $37.07 | $73.99K | 1,629,144 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Sep 8, 2026 | Sale(10b5-1 plan) | −19,116 | $35.58 | $680.15K | 1,631,140 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Aug 7, 2026 | Sale(10b5-1 plan) | −31,547 | $34.79 | $1.10M | 1,674,144 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Aug 7, 2026 | Sale(10b5-1 plan) | −9,264 | $34.34 | $318.13K | 1,705,691 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Aug 7, 2026 | Sale(10b5-1 plan) | −1,609 | $33.09 | $53.24K | 1,714,955 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Aug 7, 2026 | Sale(10b5-1 plan) | −2,580 | $31.66 | $81.68K | 1,716,564 |
| Srdjan Tanjga Chief Financial Officer | Aug 5, 2026 | Tax withholding | −28,350 | $29.96 | $849.37K | 39,799 |
| Srdjan Tanjga Chief Financial Officer | Aug 5, 2026 | Option exercise | +58,920 | – | – | 68,149 |
| Mark Dorsey Chief Revenue Officer | Aug 5, 2026 | Option exercise | +4,533 | – | – | 18,526 |
| Mark Dorsey Chief Revenue Officer | Aug 5, 2026 | Tax withholding | −1,352 | $29.96 | $40.51K | 17,174 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Jul 7, 2026 | Sale(10b5-1 plan) | −37,515 | $24.61 | $923.24K | 1,731,629 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Jul 7, 2026 | Sale(10b5-1 plan) | −12,485 | $25.07 | $313.00K | 1,719,144 |
| Mark Steven Lynch Director | Jul 1, 2026 | Award | +1,364 | – | – | 46,628 |
| Bobbie G. Kilberg Director | Jul 1, 2026 | Award | +1,364 | – | – | 1,364 |
| Shirley Ann Edwards Director | Jul 1, 2026 | Award | +1,364 | – | – | 14,183 |
| Carl Joseph Hartman II Director | Jul 1, 2026 | Award | +1,364 | – | – | 8,556 |
| David Forrest Link Director | Jul 1, 2026 | Award | +1,364 | – | – | 3,431 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Jun 8, 2026 | Sale(10b5-1 plan) | −50,000 | $24.13 | $1.21M | 1,769,144 |
| Mark Dorsey Chief Revenue Officer | May 13, 2026 | Buy | +7 | $19.15 | $134 | 13,993 |
| Mark Dorsey Chief Revenue Officer | May 13, 2026 | Buy | +5,220 | $19.13 | $99.86K | 13,986 |
| Pavel Zamudio-Ramirez Chief Customer Officer | May 6, 2026 | Tax withholding | −3,314 | $22.72 | $75.29K | 33,062 |
| Pavel Zamudio-Ramirez Chief Customer Officer | May 6, 2026 | Option exercise | +10,272 | – | – | 36,376 |
| Bobbie G. Kilberg Director | Apr 10, 2026 | Conversion | +10,800 | – | – | 12,096 |
| Shirley Ann Edwards Director | Apr 1, 2026 | Award | +1,296 | – | – | 12,819 |
| Bobbie G. Kilberg Director | Apr 1, 2026 | Award | +1,296 | – | – | 1,296 |
| William D. McCarthy Director | Apr 1, 2026 | Award | +1,296 | – | – | 14,243 |
| Carl Joseph Hartman II Director | Apr 1, 2026 | Award | +1,296 | – | – | 7,192 |
| Mark Steven Lynch Director | Apr 1, 2026 | Award | +1,296 | – | – | 45,264 |
| David Forrest Link Director | Apr 1, 2026 | Award | +1,296 | – | – | 2,067 |
| Mark Dorsey Chief Revenue Officer | Mar 5, 2026 | Option exercise | +3,750 | – | – | 9,921 |
| Mark Dorsey Chief Revenue Officer | Mar 5, 2026 | Tax withholding | −1,155 | $26.99 | $31.17K | 8,766 |
| Srdjan Tanjga Chief Financial Officer | Mar 5, 2026 | Option exercise | +16,277 | – | – | 16,277 |
| Srdjan Tanjga Chief Financial Officer | Mar 5, 2026 | Tax withholding | −7,048 | $26.99 | $190.23K | 9,229 |
| Mark Steven Lynch Director | Mar 3, 2026 | Sale | −9,530 | $27.00 | $257.31K | 43,968 |
| Mark Steven Lynch Director | Mar 3, 2026 | Conversion | +100 | $12.00 | $1.20K | 53,498 |
| Mark Steven Lynch Director | Mar 3, 2026 | Conversion | +9,430 | $9.46 | $89.21K | 53,398 |
| Pavel Zamudio-Ramirez Chief Customer Officer | Mar 3, 2026 | Tax withholding | −822 | $27.34 | $22.47K | 25,665 |
| Pavel Zamudio-Ramirez Chief Customer Officer | Mar 3, 2026 | Option exercise | +2,259 | – | – | 26,487 |
| Robert Charles Kramer General Manager, Director | Mar 3, 2026 | Option exercise | +3,770 | – | – | 315,152 |
| Robert Charles Kramer General Manager, Director | Mar 3, 2026 | Tax withholding | −1,215 | $27.34 | $33.22K | 313,937 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Mar 3, 2026 | Tax withholding | −23,558 | $27.34 | $644.08K | 1,819,144 |
| Matthew W. Calkins CEO and President, Director, 10% owner | Mar 3, 2026 | Option exercise | +64,375 | – | – | 1,842,702 |
| Bobbie G. Kilberg Director | Feb 18, 2026 | Conversion | +21,600 | – | – | 21,600 |
| David Forrest Link Director | Feb 4, 2026 | Award | +771 | – | – | 771 |
| Bobbie G. Kilberg Director | Jan 1, 2026 | Award | +882 | – | – | 882 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
12.11%
4M shares short
Days to cover
3.7
At 1M shares a day
Change since last report
-3.2%
From 5M shares
Short volume, 20 days
57.4%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Appian's stock actually held short. Settlement fails (shares not delivered on time) peaked at 5,201 shares on Aug 24, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Matthew W. Calkins CEO and President, 10% Owner | Nov 6, 2026 | 30,000 | $1.62M | Nov 6, 2026 | Stock Option Exercise |
| Matthew W. Calkins CEO and President, 10% Owner | Oct 7, 2026 | 45,000 | $1.68M | Oct 7, 2026 | Stock Option Exercise |
| Matthew W. Calkins CEO and President, 10% Owner | Sep 8, 2026 | 45,000 | $1.73M | Sep 8, 2026 | Stock Option Exercise |
| Matthew W. Calkins CEO and President, 10% Owner | Aug 7, 2026 | 45,000 | $1.37M | Aug 7, 2026 | Stock Option Exercise |
| Matthew W. Calkins CEO and President, 10% Owner | Jul 7, 2026 | 50,000 | $1.22M | Jul 7, 2026 | Stock Option Exercise |
| Matthew W. Calkins CEO and President, 10% Owner | Jun 8, 2026 | 50,000 | $1.24M | Jun 8, 2026 | Stock Option Exercise |
| Mark Steven Lynch Director | Mar 3, 2026 | 9,530 | $256.75K | Mar 3, 2026 | Stock plan activity |
| William D. McCarthy Director | Dec 2, 2024 | 700 | $26.50K | Dec 2, 2024 | Open Market Purchase |
| Mark Steven Lynch Officer | Nov 14, 2023 | 4,598 | $172.90K | Nov 14, 2023 | Stock Plan Activity |
| Mark Matheos Officer | Sep 11, 2023 | 13,068 | $654.56K | Sep 11, 2023 | Stock Plan Activity |
| Christopher Winters Officer | Sep 11, 2023 | 30,000 | $1.51M | Sep 11, 2023 | Stock Plan Activity |
| Jones Christopher M Officer | Sep 11, 2023 | 4,500 | $225.23K | Sep 11, 2023 | Stock Plan Activity |
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