Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
a. Recent Sales of Unregistered Equity Securities
Not applicable.
b. Use of Proceeds
Not applicable.
c. Issuer Purchases of Equity Securities
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)
April 1 to April 30, 2025 6,469 $ 29.37 6,469 763,668
May 1 to May 31, 2025 7,023 $ 31.68 7,023 756,645
June 1 to June 30, 2025 6,472 $ 31.94 6,472 750,173
Total 19,964 $ 31.02 19,964 750,173
(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. 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.
(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.
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Item 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
Item 4. MINE SAFETY DISCLOSURES
Not applicable.
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