Appian Corporation filed SEC Form 8-K: Other Events
$APPN
Computer Software: Prepackaged Software
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 27, 2025
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Item 8.01. Other Events.
The Board of Directors of Appian Corporation ("Appian") has authorized a program to repurchase up to $10.0 million of Appian's common stock (the “Share Repurchase Program”), effective from May 2025 to December 31, 2025. The shares will be repurchased to offset shares that will be issued to employees who have elected to receive part or all their annual bonus in stock pursuant to a new employee compensation program. An additional amount is intended to cover new employee elections. The Board intends to authorize such repurchases in a like amount on an annual basis for such purpose.
The Share Repurchase Program does not obligate Appian to acquire any specific number of shares, and shares of common stock may be repurchased using a variety of methods, including privately negotiated and/or open market transactions, under plans complying with Rule 10b5-1 under the Exchange Act, as part of accelerated share repurchases, or other methods. The timing, manner, price, and amount of any repurchases will be determined by Appian in its discretion and depend on a variety of factors, including legal requirements, price, and economic and market conditions.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Appian Corporation | |||||||||||
Date: May 28, 2025 | By: | /s/ Srdjan Tanjga | |||||||||
| Srdjan Tanjga | |||||||||||
| Chief Financial Officer | |||||||||||