These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from Oct. 5 through Oct. 11, 2023. Source: VerityDataBroadwood Capital lifted its position in the maker of implantable lenses for the eye to 9,469,723 shares.
In September, Appian secured a $500 million judgment preservation insurance policy, tied to an earlier trade-secret case against Pegasystems heard in Virginia state court. The court found in favor of Appian and awarded the firm $2.036 billion in damages in May 2022, a ruling upheld later that same year. Pegasystems has appealed the decision.
Appian’s insurance policy will ensure that if the final judgment falls below $500 million after all appeals are exhausted, Appian will receive a payment equal to the difference between the award and $500 million. William Blair analyst Jake Roberge reiterated an Outperform rating on Appian stock in early September, when the company announced the insurance policy. Appian “continues to execute well, as its market-leading low-code platform delivers,” wrote Roberge in a research report.