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Fivespan Partners Targets Appian's Value with Activism Strategy

2/7/2026

50 12 Full Breakdown

Summary

Story summary

Fivespan Partners, founded in 2023 in San Francisco, aims to boost shareholder value through collaborative activism and holds a 6.16% stake in Appian.
Co-founders Dylan Haggart and Sarah Coyne, former ValueAct Capital partners, lead Fivespan and pursue high-quality businesses.
Appian's stock is undervalued, and the company is set to receive at least $500 million from a lawsuit against Pega, potentially catalyzing changes.

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Story summary

Fivespan Partners, founded in 2023 in San Francisco, aims to boost shareholder value through collaborative activism and holds a 6.16% stake in Appian.
Co-founders Dylan Haggart and Sarah Coyne, former ValueAct Capital partners, lead Fivespan and pursue high-quality businesses.
Appian's stock is undervalued, and the company is set to receive at least $500 million from a lawsuit against Pega, potentially catalyzing changes.