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APPIAN CORP Major Shareholding Notification 2021

Feb 1, 2021

17838_mrq_2021-02-01_392ed0fa-b9e6-4ae6-9bf5-c1ae88ad1713.zip

Major Shareholding Notification

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SC 13D/A 1 d107580dsc13da.htm AMENDMENT NO. 27 TO SCHEDULE 13D AMENDMENT NO. 27 TO SCHEDULE 13D

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 13D

(Rule 13d-101)

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 27)*

Appian Corporation

(Name of Issuer)

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

03782L101

(CUSIP Number)

Abdiel Capital

90 Park Avenue, 29 th Floor

New York, NY 10016

Attn: Colin T. Moran

Tel: (646) 496-9202

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

January 27, 2021

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

  • The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 03782L101

1. NAME OF REPORTING PERSON Abdiel Qualified Master Fund, LP I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) (VOLUNTARY)
2. CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☐ (b) ☐
3. SEC USE ONLY
4. SOURCE OF FUNDS Not Applicable
5. CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐
6. CITIZENSHIP OR PLACE OF
ORGANIZATION Cayman
Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE VOTING POWER 0
8. SHARED VOTING POWER 5,122,245
9. SOLE DISPOSITIVE POWER 0
10. SHARED DISPOSITIVE POWER 5,122,245
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,122,245
12. CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
13. PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 13.5% (1)(2)
14. TYPE OF REPORTING
PERSON PN

(1) Based on 37,834,226 shares of Class A Common Stock outstanding as of November 2, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2020 filed with the Securities and Exchange Commission on November 5, 2020.

(2) Represents approximately 1.4% of the total voting power of all outstanding shares of Class A and Class B Common Stock.

2

CUSIP No. 03782L101

1. NAME OF REPORTING PERSON Abdiel Capital, LP I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) (VOLUNTARY)
2. CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☐ (b) ☐
3. SEC USE ONLY
4. SOURCE OF FUNDS Not Applicable
5. CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐
6. CITIZENSHIP OR PLACE OF
ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE VOTING POWER 0
8. SHARED VOTING POWER 158,833
9. SOLE DISPOSITIVE POWER 0
10. SHARED DISPOSITIVE POWER 158,833
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 158,833
12. CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
13. PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 0.4% (1)(2)
14. TYPE OF REPORTING
PERSON PN

(1) Based on 37,834,226 shares of Class A Common Stock outstanding as of November 2, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2020 filed with the Securities and Exchange Commission on November 5, 2020.

(2) Represents approximately .04% of the total voting power of all outstanding shares of Class A and Class B Common Stock.

3

CUSIP No. 03782L101

1. NAME OF REPORTING PERSON Abdiel Capital Management, LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) (VOLUNTARY)
2. CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☐ (b) ☐
3. SEC USE ONLY
4. SOURCE OF FUNDS Not Applicable
5. CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐
6. CITIZENSHIP OR PLACE OF
ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE VOTING POWER 0
8. SHARED VOTING POWER 5,281,078 (1)
9. SOLE DISPOSITIVE POWER 0
10. SHARED DISPOSITIVE POWER 5,281,078
(1)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,281,078 (1)
12. CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
13. PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 13.96% (2)(3)
14. TYPE OF REPORTING
PERSON OO

(1) Consists of 5,122,245 shares of Class A common stock held by Abdiel Qualified Master Fund, LP and 158,833 shares of Class A common stock held by Abdiel Capital, LP.

(2) Based on 37,834,226 shares of Class A Common Stock outstanding as of November 2, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2020 filed with the Securities and Exchange Commission on November 5, 2020.

(3) Represents approximately 1.5% of the total voting power of all outstanding shares of Class A and Class B Common Stock.

4

CUSIP No. 03782L101

1. NAME OF REPORTING PERSON Abdiel Capital Advisors, LP I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) (VOLUNTARY)
2. CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☐ (b) ☐
3. SEC USE ONLY
4. SOURCE OF FUNDS Not Applicable
5. CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐
6. CITIZENSHIP OR PLACE OF
ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE VOTING POWER 0
8. SHARED VOTING POWER 5,281,078 (1)
9. SOLE DISPOSITIVE POWER 0
10. SHARED DISPOSITIVE POWER 5,281,078
(1)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,281,078 (1)
12. CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
13. PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 13.96% (2)(3)
14. TYPE OF REPORTING
PERSON PN, IA

(1) Consists of 5,122,245 shares of Class A common stock held by Abdiel Qualified Master Fund, LP and 158,833 shares of Class A common stock held by Abdiel Capital, LP.

(2) Based on 37,834,226 shares of Class A Common Stock outstanding as of November 2, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2020 filed with the Securities and Exchange Commission on November 5, 2020.

(3) Represents approximately 1.5% of the total voting power of all outstanding shares of Class A and Class B Common Stock.

5

CUSIP No. 03782L101

1. NAME OF REPORTING PERSON Colin T. Moran I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) (VOLUNTARY)
2. CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☐ (b) ☐
3. SEC USE ONLY
4. SOURCE OF FUNDS Not Applicable
5. CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐
6. CITIZENSHIP OR PLACE OF
ORGANIZATION United
States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE VOTING POWER 0
8. SHARED VOTING POWER 5,281,078 (1)
9. SOLE DISPOSITIVE POWER 0
10. SHARED DISPOSITIVE POWER 5,281,078
(1)
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,281,078 (1)
12. CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐
13. PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 13.96% (2)(3)
14. TYPE OF REPORTING
PERSON IN

(1) Consists of 5,122,245 shares of Class A common stock held by Abdiel Qualified Master Fund, LP and 158,833 shares of Class A common stock held by Abdiel Capital, LP.

(2) Based on 37,834,226 shares of Class A Common Stock outstanding as of November 2, 2020, as reported in the Issuer’s Report on Form 10-Q for the period ended September 30, 2020 filed with the Securities and Exchange Commission on November 5, 2020.

(3) Represents approximately 1.5% of the total voting power of all outstanding shares of Class A and Class B Common Stock.

6

CUSIP No. 03782L101

AMENDMENT NO. 27 TO SCHEDULE 13D

This Amendment No. 27 (“Amendment No. 27”) amends and supplements the Schedule 13D filed with the Securities and Exchange Commission by the Reporting Persons on June 12, 2017 (the “Original Schedule 13D”) relating to the shares of Class A common stock, $0.0001 par value per share (the “Common Stock”), of Appian Corporation (the “Issuer”), as amended by Amendment No. 1 thereto on June 27, 2017 (“Amendment No. 1”), Amendment No. 2 thereto on June 29, 2017 (“Amendment No. 2”), Amendment No. 3 thereto on July 3, 2017 (“Amendment No. 3”), Amendment No. 4 thereto on July 7, 2017 (“Amendment No. 4”), Amendment No. 5 thereto on July 12, 2017 (“Amendment No. 5”), Amendment No. 6 thereto on July 31, 2017 (“Amendment No. 6”), Amendment No. 7 thereto on October 26, 2017 (“Amendment No. 7”), Amendment No. 8 thereto on November 20, 2017 (“Amendment No. 8”), Amendment No. 9 thereto on November 30, 2017 (“Amendment No. 9”), Amendment No. 10 thereto on December 12, 2017 (“Amendment No. 10”), Amendment No. 11 thereto on December 15, 2017 (“Amendment No. 11”), Amendment No. 12 thereto on February 23, 2018 (“Amendment No. 12”), Amendment No. 13 thereto on March 20, 2018 (“Amendment No. 13”), Amendment No. 14 thereto on March 27, 2018 (“Amendment No. 14”), Amendment No. 15 thereto on April 25, 2018 (“Amendment No. 15”), Amendment No. 16 thereto on April 30, 2018 (“Amendment No. 16”), Amendment No. 17 thereto on August 3, 2018 (“Amendment No. 17”), Amendment No. 18 thereto on August 24, 2018 (“Amendment No. 18”), Amendment No. 19 thereto on October 5, 2018 (“Amendment No. 19”), Amendment No. 20 thereto on October 15, 2018 (“Amendment No. 20”), Amendment No. 21 thereto on October 31, 2018 (“Amendment No. 21”), Amendment No. 22 thereto on November 2, 2018 (“Amendment No. 22”), Amendment No. 23 thereto on December 17, 2018 (“Amendment No. 23”), Amendment No. 24 thereto on February 22, 2019 (“Amendment No. 24”), Amendment No. 25 thereto on September 9, 2019 (“Amendment No. 25”) and Amendment No. 26 thereto on December 3, 2020 (as so amended, the “Schedule 13D”). Capitalized terms used but not defined in this Amendment No. 27 shall have the same meanings herein as are ascribed to such terms in the Schedule 13D.

Item 5. Interest in Securities of the Issuer.

The following paragraphs of Item 5 of the Schedule 13D are hereby amended and restated as follows:

(a) The information requested by this paragraph is incorporated herein by reference to the information provided on the cover pages to this Amendment No. 27.

(b) The information requested by this paragraph is incorporated herein by reference to the information provided on the cover pages to this Amendment No. 27 and Item 2(c) of the Schedule 13D.

(c) On December 21, 2020, Abdiel Qualified Master Fund, L.P. made a distribution in kind of 203,674 shares of Common Stock to two of its limited partners (including Colin T. Moran), to satisfy such limited partners’ partial redemption of their respective interests in the partnership. Mr. Moran received 122,204 shares pursuant to such distribution. Also on December 21, 2020, Mr. Moran made a charitable gift of such 122,204 shares.

Information with respect to the additional transactions in the Common Stock effected by the Reporting Persons in the last sixty days is set forth on Schedule 1 attached hereto and incorporated herein by reference.

7

CUSIP No. 03782L101

SIGNATURES

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: February 1, 2021

ABDIEL QUALIFIED MASTER FUND, LP
By: Abdiel Capital Management, LLC,
its General Partner
By: /s/ Colin T. Moran
Colin T. Moran, Managing Member
ABDIEL CAPITAL, LP
By: Abdiel Capital Management, LLC,
its General Partner
By: /s/ Colin T. Moran
Colin T. Moran, Managing Member
ABDIEL CAPITAL MANAGEMENT, LLC
By: /s/ Colin T. Moran
Colin T. Moran, Managing Member
ABDIEL CAPITAL ADVISORS, LP
By: Abdiel Capital Partners, LLC,
its General Partner
By: /s/ Colin T. Moran
Colin T. Moran, Managing Member
COLIN T. MORAN
By: /s/ Colin T. Moran
Colin T. Moran, Individually

8

CUSIP No. 03782L101

SCHEDULE 1

Information with respect to Transactions Effected in the Last Sixty Days

Except as otherwise specified, all of the below transactions in the Common Stock were traded in the ordinary course on NASDAQ.

Abdiel Capital Advisors, LP serves as the investment manager of Abdiel Qualified Master Fund, LP and effected the below transactions.

1. Transaction Date — 01/27/2021 2. Transaction Type — Sale 589 4. Price Per Share — $ 233.65 (1)
01/27/2021 Sale 5,985 $ 234.68 (2)
01/27/2021 Sale 19,438 $ 235.52 (3)
01/27/2021 Sale 21,644 $ 236.44 (4)
01/27/2021 Sale 20,623 $ 237.45 (5)
01/27/2021 Sale 17,212 $ 238.47 (6)
01/27/2021 Sale 4,710 $ 239.49 (7)
01/27/2021 Sale 97,136 $ 240.18 (8)
01/27/2021 Sale 24,276 $ 241.56 (9)
01/27/2021 Sale 19,306 $ 242.33 (10)
01/27/2021 Sale 64,895 $ 243.60 (11)
01/27/2021 Sale 82,935 $ 244.24 (12)
01/27/2021 Sale 54,865 $ 245.51 (13)
01/27/2021 Sale 34,290 $ 246.44 (14)
01/27/2021 Sale 12,054 $ 247.45 (15)
01/27/2021 Sale 12,247 $ 248.52 (16)
01/27/2021 Sale 15,175 $ 249.65 (17)
01/27/2021 Sale 41,118 $ 250.43 (18)
01/27/2021 Sale 9,284 $ 251.35 (19)
01/27/2021 Sale 6,587 $ 252.70 (20)
01/27/2021 Sale 57,010 $ 253.58 (21)
01/27/2021 Sale 48,685 $ 254.27 (22)
01/27/2021 Sale 11,120 $ 255.42 (23)
01/27/2021 Sale 4,600 $ 256.30 (24)
01/27/2021 Sale 1,069 $ 257.29 (25)
01/27/2021 Sale 589 $ 258.18 (26)
01/28/2021 Sale 15,291 $ 215.78 (27)
01/28/2021 Sale 7,623 $ 216.20 (28)
01/28/2021 Sale 2,955 $ 217.10 (29)
01/28/2021 Sale 34,843 $ 218.44 (30)
01/28/2021 Sale 4,768 $ 219.45 (31)
01/28/2021 Sale 1,771 $ 220.30 (32)
01/28/2021 Sale 3,587 $ 221.50 (33)
01/28/2021 Sale 6,361 $ 222.61 (34)
01/28/2021 Sale 6,819 $ 223.31 (35)
01/28/2021 Sale 291 $ 224.07 (36)
01/28/2021 Sale 3,383 $ 230.23 (37)
01/28/2021 Sale 784 $ 231.51 (38)
01/28/2021 Sale 775 $ 232.61 (39)
01/28/2021 Sale 2,132 $ 233.58 (40)
01/28/2021 Sale 1,141 $ 234.67 (41)
01/28/2021 Sale 1,379 $ 235.69 (42)
01/28/2021 Sale 4,755 $ 236.51 (43)
01/28/2021 Sale 12,903 $ 237.60 (44)
01/28/2021 Sale 6,416 $ 238.28 (45)

9

CUSIP No. 03782L101

01/28/2021 Sale 4,398 $ (46)
01/28/2021 Sale 16,768 $ 240.42 (47)
01/28/2021 Sale 3,993 $ 241.45 (48)
01/28/2021 Sale 1,943 $ 242.29 (49)
01/28/2021 Sale 291 $ 243.43 (50)

10

CUSIP No. 03782L101

Abdiel Capital Advisors, LP serves as the investment manager of Abdiel Capital, LP and effected the below transactions.

1. Transaction Date — 01/27/2021 Sale 11 4. Price Per Share — $ 233.65 (1)
01/27/2021 Sale 109 $ 234.68 (2)
01/27/2021 Sale 355 $ 235.52 (3)
01/27/2021 Sale 395 $ 236.44 (4)
01/27/2021 Sale 377 $ 237.45 (5)
01/27/2021 Sale 314 $ 238.47 (6)
01/27/2021 Sale 86 $ 239.49 (7)
01/27/2021 Sale 1,774 $ 240.18 (8)
01/27/2021 Sale 443 $ 241.56 (9)
01/27/2021 Sale 353 $ 242.33 (10)
01/27/2021 Sale 1,187 $ 243.60 (11)
01/27/2021 Sale 1,516 $ 244.24 (12)
01/27/2021 Sale 1,002 $ 245.51 (13)
01/27/2021 Sale 626 $ 246.44 (14)
01/27/2021 Sale 220 $ 247.45 (15)
01/27/2021 Sale 224 $ 248.52 (16)
01/27/2021 Sale 277 $ 249.65 (17)
01/27/2021 Sale 751 $ 250.43 (18)
01/27/2021 Sale 170 $ 251.35 (19)
01/27/2021 Sale 120 $ 252.70 (20)
01/27/2021 Sale 1,041 $ 253.58 (21)
01/27/2021 Sale 889 $ 254.27 (22)
01/27/2021 Sale 203 $ 255.42 (23)
01/27/2021 Sale 84 $ 256.30 (24)
01/27/2021 Sale 20 $ 257.29 (25)
01/27/2021 Sale 11 $ 258.18 (26)
01/28/2021 Sale 487 $ 215.78 (27)
01/28/2021 Sale 243 $ 216.20 (28)
01/28/2021 Sale 94 $ 217.10 (29)
01/28/2021 Sale 1,111 $ 218.44 (30)
01/28/2021 Sale 152 $ 219.45 (31)
01/28/2021 Sale 56 $ 220.30 (32)
01/28/2021 Sale 114 $ 221.50 (33)
01/28/2021 Sale 203 $ 222.61 (34)
01/28/2021 Sale 217 $ 223.31 (35)
01/28/2021 Sale 9 $ 224.07 (36)
01/28/2021 Sale 108 $ 230.23 (37)
01/28/2021 Sale 25 $ 231.51 (38)
01/28/2021 Sale 25 $ 232.61 (39)
01/28/2021 Sale 68 $ 233.58 (40)
01/28/2021 Sale 36 $ 234.67 (41)
01/28/2021 Sale 44 $ 235.69 (42)
01/28/2021 Sale 151 $ 236.51 (43)
01/28/2021 Sale 411 $ 237.60 (44)
01/28/2021 Sale 204 $ 238.28 (45)
01/28/2021 Sale 140 $ 239.36 (46)
01/28/2021 Sale 534 $ 240.42 (47)
01/28/2021 Sale 127 $ 241.45 (48)

11

CUSIP No. 03782L101

01/28/2021 Sale 62 $ (49)
01/28/2021 Sale 9 $ 243.43 (50)

(1) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $233.20 to $233.96. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.07 to $234.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.00 to $235.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $236.00 to $236.98. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $237.00 to $237.995. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.00 to $238.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(7) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $239.00 to $239.985. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(8) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $240.00 to $240.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $241.00 to $241.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(10) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $242.00 to $242.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(11) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $243.00 to $243.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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CUSIP No. 03782L101

(12) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $244.00 to $244.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(13) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $245.00 to $245.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(14) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $246.00 to $246.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(15) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.00 to $247.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(16) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $248.00 to $248.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(17) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $249.00 to $249.995. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(18) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $250.00 to $250.995. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(19) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $251.00 to $251.48. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(20) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $252.01 to $252.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(21) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $253.00 to $253.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(22) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $254.00 to $254.97. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(23) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $255.00 to $255.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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CUSIP No. 03782L101

(24) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $256.00 to $256.96. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(25) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $257.00 to $257.69. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(26) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $258.02 to $258.26. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(27) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.44 to $215.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(28) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.00 to $216.98. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(29) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $217.00 to $217.46. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(30) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $218.00 to $218.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(31) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $219.00 to $219.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(32) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.14 to $220.77. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(33) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.00 to $221.97. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(34) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.00 to $222.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(35) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.03 to $223.81. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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CUSIP No. 03782L101

(36) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.06 to $224.07. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(37) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $230.00 to $230.90. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(38) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $231.00 to $231.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(39 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $232.00 to $232.95. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(40) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $233.18 to $233.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(41) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.26 to $234.955. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(42) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.01 to $235.98. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(43) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $236.00 to $236.95. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(44) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $237.00 to $237.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(45) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $238.00 to $238.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(46) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $239.00 to $239.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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CUSIP No. 03782L101

(47) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $240.00 to $240.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(48) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $241.005 to $241.915. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(49) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $242.04 to $242.78. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

(50) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $243.24 to $243.45. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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