CEO Matthew Calkins Files Intent to Sell $1.2M in Shares, Continuing Recent Sales
APPN sits 32% above its 52-week low of $18.63.
Summary
Appian's CEO, Matthew Calkins, filed a Form 144 to sell $1.22 million in shares, marking a continuation of recent insider selling activity.
Key Events · Ownership and Investor Activity · APPN
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CEO Files Intent to Sell Shares
Matthew Calkins, Appian's CEO and President, filed a Form 144 to sell 50,000 shares of Class A Common Stock, valued at approximately $1.22 million.
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Continuation of Recent Insider Selling
This filing follows a previous sale of 50,000 shares by Mr. Calkins on June 8, 2026, for gross proceeds of $1.21 million, indicating a pattern of repeated insider selling within a short timeframe.
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Executive Selling Despite Positive Financials
The selling activity by a key executive occurs despite the company reporting strong Q1 2026 financial results and expanding its share repurchase program in May.
Analysis · APPN · Technology
Appian's CEO and President, Matthew Calkins, has filed a Form 144 indicating his intent to sell approximately $1.22 million worth of Class A Common Stock. This filing is notable as it follows a similar sale of 50,000 shares by Mr. Calkins just last month, suggesting a pattern of insider selling. While the amount represents a small percentage of the company's market capitalization, the repeated selling by a key executive like the CEO can be interpreted negatively by investors, especially given the recent positive financial results and share repurchase program expansion.
At the time of this filing, APPN was trading at $24.68 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $18.63 to $46.06. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.