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)
January 1 to January 31, 2026 7,100 $ 33.43 7,100 704,315
February 1 to February 28, 2026 9,468 $ 26.01 9,468 694,847
March 1 to March 31, 2026 9,033 $ 26.93 9,033 685,814
Total 25,601 $ 28.39 25,601 685,814
(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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Share Repurchase Program
Total number of shares purchased (1)
Average price paid per share Total number of shares purchased as part of publicly announced program
Approximate dollar value of shares that may yet be purchased under the program
February 1 to February 28, 2026 568,170 $ 25.70 568,170 $ 35,398,031
March 1 to March 31, 2026 274,726 $ 26.16 274,726 $ 28,211,199
Total 842,896 $ 25.87 842,896 $ 28,211,199
(1) On February 17, 2026, the Company announced its Board of Directors authorized a program to repurchase up to $50.0 million of our common stock from February 2026 to February 2028.
Item 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
Item 4. MINE SAFETY DISCLOSURES
Not applicable.
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