William R. Rauth III - Oct 20, 2021 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Director, 10%+ Owner
Signature
William R. Rauth, III, By: /s/ KIMBERLY SHEA, Attorney-in-Fact for William R. Rauth, III
Stock symbol
APPF
Transactions as of
Oct 20, 2021
Transactions value $
$0
Form type
4
Date filed
10/22/2021, 08:05 PM
Previous filing
Sep 28, 2021
Next filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Sale -$9.54M -72.9K -100% $130.87 0 Oct 20, 2021 Direct F1
transaction APPF Class A Common Stock Purchase $2.12M +16.2K $130.87 16.2K Oct 20, 2021 See Footnote F1, F2
transaction APPF Class A Common Stock Purchase $2.12M +16.2K $130.87 16.2K Oct 20, 2021 See Footnote F1, F3
transaction APPF Class A Common Stock Purchase $2.12M +16.2K $130.87 16.2K Oct 20, 2021 See Footnote F1, F3
transaction APPF Class A Common Stock Purchase $353K +2.7K $130.87 2.7K Oct 20, 2021 See Footnote F1, F4
transaction APPF Class A Common Stock Purchase $353K +2.7K $130.87 2.7K Oct 20, 2021 See Footnote F1, F5
transaction APPF Class A Common Stock Purchase $353K +2.7K $130.87 2.7K Oct 20, 2021 See Footnote F1, F5
transaction APPF Class A Common Stock Purchase $353K +2.7K $130.87 2.7K Oct 20, 2021 See Footnote F1, F5
transaction APPF Class A Common Stock Purchase $353K +2.7K $130.87 2.7K Oct 20, 2021 See Footnote F1, F5
transaction APPF Class A Common Stock Purchase $353K +2.7K $130.87 2.7K Oct 20, 2021 See Footnote F1, F5
transaction APPF Class A Common Stock Purchase $353K +2.7K $130.87 2.7K Oct 20, 2021 See Footnote F1, F5
transaction APPF Class A Common Stock Purchase $353K +2.7K +67.45% $130.87 6.7K Oct 20, 2021 See Footnote F1, F5
transaction APPF Class A Common Stock Purchase $353K +2.7K +67.45% $130.87 6.7K Oct 20, 2021 See Footnote F1, F5
holding APPF Class A Common Stock 4K Oct 20, 2021 See Footnote F6
holding APPF Class A Common Stock 4K Oct 20, 2021 See Footnote F6
holding APPF Class A Common Stock 4K Oct 20, 2021 See Footnote F6
holding APPF Class A Common Stock 4K Oct 20, 2021 See Footnote F6
holding APPF Class A Common Stock 4K Oct 20, 2021 See Footnote F6
holding APPF Class A Common Stock 4K Oct 20, 2021 See Footnote F6
holding APPF Class A Common Stock 4K Oct 20, 2021 See Footnote F6
holding APPF Class A Common Stock 13.1K Oct 20, 2021 By IGSB IVP III, LLC F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 20, 2021, the Reporting Person sold these 72,859 Class A Shares, at a price of $130.87 per share, to irrevocable trusts previously established for his children and grandchildren in the respective numbers of Shares set forth below in this Form 4.
F2 These Class A Shares were purchased from the Reporting Person and are owned by an irrevocable trust established for one of the Reporting Person's children. The Reporting Person's spouse is the sole trustee of the trust. As a result, per a rule of the Securities and Exchange Commission (the "SEC"), the Reporting Person may be deemed to share, with his spouse, voting and dispositive power over the Class A Shares. However, the Reporting Person and his spouse disclaim any pecuniary interest in these Class A Shares.
F3 These Class A Shares were purchased from the Reporting Person and are owned by an irrevocable trust established for another of the Reporting Person's children. The Reporting Person's spouse is the sole trustee of the trust. As a result, per SEC rule, the Reporting Person may be deemed to share, with his spouse, voting and dispositive power over these Class A Shares. However, the Reporting Person and his spouse disclaim any pecuniary interest in these Class A Shares.
F4 These Class A Shares were purchased from the Reporting Person and are owned by an irrevocable trust established for one of the Reporting Person's grandchildren. The Reporting Person's spouse is the sole trustee of the trust. As a result, per SEC rule, the Reporting Person may be deemed to share, with his spouse, voting and dispositive power over these Class A Shares. However, the Reporting Person and his spouse disclaim any pecuniary interest in these Class A Shares.
F5 These Class A Shares were purchased from the Reporting Person and are owned by an irrevocable trust established for another of the Reporting Person's grandchildren. The Reporting Person's spouse has become the sole trustee of the trust. As a result, per SEC rule, the Reporting Person may be deemed to share, with his spouse, voting and dispositive power over these Class A Shares. However, the Reporting Person and his spouse disclaim any pecuniary interest in these Class A Shares.
F6 These Class A Shares are owned by an irrevocable trust established for another of the Reporting Person's grandchildren. The Reporting Person's spouse has become the sole trustee of the trust. As a result, per SEC rule, the Reporting Person may be deemed to share, with his spouse, voting and dispositive power over these Class A Shares. However, the Reporting Person and his spouse disclaim any pecuniary interest in these Class A Shares.
F7 These Class A Shares are owned by IGSB IVP III LLC, a private investment fund, which is managed by Investment Group of Santa Barbara LLC ("IGSB"). The Reporting Person is one of the members of IGSB and may be deemed to share voting and dispositive power with IGSB and its other members over these Class A Shares. However, the Reporting Person disclaims beneficial ownership of these Class A Shares, except to the extent of any pecuniary interest he may have therein.