Mark Dorsey, Chief Revenue Officer of Appian (NASDAQ:APPN), a low-code automation platform provider, reported the direct acquisition of 5,227 shares of Common Stock in multiple open-market transactions on May 13, 2026, according to the SEC Form 4 filing.
Transaction summary Transaction and post-transaction values based on SEC Form 4 weighted average purchase price ($19.13)
Key questions – What is the significance of this transaction in the context of Mark Dorsey’s historical activity at Appian? This is the first open-market purchase by Dorsey in the disclosed history, marking a 59.63% increase in direct holdings, whereas all prior transactions were administrative with no change in economic exposure. – How does the transaction price compare to recent pricing levels and the one-year share performance? The weighted average purchase price of $19.13 per share was above the May 13, 2026 closing price, and the stock has declined 39.98% over the past year as of the transaction date. – Were there any derivative or plan-based mechanics involved in this acquisition?
No options, derivatives, or indirect holdings were involved; the entire transaction was a direct open-market purchase with no indication of a pre-arranged trading plan. Company overview * 1-year price change calculated using May 13, 2026 as the reference date. Company snapshot – Appian offers a low-code automation platform enabling customers to build forms, workflows, data structures, reports, and user interfaces, complemented by professional and customer support services. – The company serves a diverse client base across financial services, government, life sciences, insurance, manufacturing, energy, healthcare, telecommunications, and transportation sectors.