Company: APPN
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001441683-25-000017
Chunk: 139

Company: APPIAN CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 139
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 Threshold”), prior to June 7, 2030. The option also vests if the Company engages in a Corporate Transaction, as defined in the Plan, in which the Company’s Class A common stock is valued at or above the Vesting Price Threshold. The fair value of the 2022 CEO Grant was determined using a Monte Carlo simulation. The fair value of the award at the grant date was $18.8 million and is being amortized over derived service periods ranging from 3.4 years to 4.1 years.The only stock option awarded during the years ended December 31, 2024, 2023, and 2022 was the 2022 CEO Grant. The following table summarizes the assumptions used to estimate the fair value of the 2022 CEO stock option grant:Year Ended December 31,202420232022Risk-free interest rate**3.01%Expected term (in years)****Expected volatility**70.00%Expected dividend yield**—%* Not applicable because no stock options were granted during the period. ** Each Vesting Price Threshold for the 2022 CEO grant has a unique expected term ranging from 3.4 years to 4.1 years.

94

APPIAN CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following table summarizes stock option activity for the years ended December 31, 2024, 2023, and 2022:Number of SharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Term (in years)Aggregate Intrinsic Value (in thousands)Outstanding at December 31, 20212,953,356 $15.16 4.0$147,812 Granted700,000 50.63 Exercised(937,217)27.14 32,858 Expired(7,900)4.06 Forfeited(10,280)12.28 Outstanding at December 31, 20222,697,959 20.25 5.145,862 Granted— — Exercised(98,610)7.56 3,387 Expired— — Forfeited— — Outstanding at December 31, 20232,599,349 20.73 4.253,089 Granted— — Exercised(1,543,436)9.37 36,383 Expired(384)12.00 Forfe