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Issuer Purchases of Equity Securities
+Added: Employee Stock Purchase Plan
Total number of shares purchased (1)
Average price paid per share Total number of shares purchased as part of publicly announced plan Maximum number of shares that may yet be purchased under the plan (2)
−Removed: July 1 to July 31, 2023 4,664 $ 47.26 4,664 889,964
−Removed: August 1 to August 31, 2023 4,449 $ 48.34 4,449 885,515
−Removed: September 1 to September 30, 2023 4,127 $ 49.99 4,127 881,388
+Added: January 1 to January 31, 2024 6,235 $ 33.78 6,235 858,944
+Added: February 1 to February 29, 2024 7,296 $ 32.15 7,296 851,648
+Added: March 1 to March 31, 2024 6,717 $ 35.12 6,717 844,931
Total 20,248 $ 33.64 20,248 844,931
(1) Shares purchased represent shares purchased on the open market pursuant to the Appian Corporation Employee Stock Purchase Plan (“ESPP”), which was approved by the Company’s stockholders on June 11, 2021.
−Removed: The ESPP provides employees with an opportunity to purchase the Company’s common stock through payroll deductions at 85% of the stock’s fair market value.
−Removed: The Company satisfies its ESPP obligation by purchasing the additional 15% of the stock’s fair value on the open market.
+Added: The ESPP provides employees with an opportunity to purchase the Company’s common stock through payroll deductions and provides for a Company match of 5% to 15%, subject to limits set forth in the ESPP.
Shares purchased under the ESPP are deposited into the participants’ accounts.
−Removed: (2) Because the number of shares that may be purchased under the ESPP depends on each employee’s voluntary election to participate and contribution elections and on the fair market value of our Class A Common Stock at various future dates, the actual number of shares that may be purchased under the plan cannot be determined in advance.
+Added: (2) Because the number of shares that may be purchased under the ESPP depends on each employee’s voluntary election to participate, their contribution elections, and the fair market value of our Class A Common Stock at various future dates, the actual number of shares that may be purchased under the plan cannot be determined in advance.
We have filed a registration statement on S-8 that covers 1,000,000 shares.
+Added: Share Repurchase Program
+Added: In February 2024, our Board of Directors authorized a program to repurchase up to $50.0 million of our common stock from March 2024 to February 2026.
+Added: In March 2024, we repurchased 1.3 million shares under this program at an average share price of $37.86, for an aggregate cost of $50.0 million.
DEFAULTS UPON SENIOR SECURITIES
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.