Maurice J. Duca - Oct 26, 2022 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
10%+ Owner
Signature
/s/ Kimberly Shea, Attorney-in-Fact for Maurice J. Duca
Stock symbol
APPF
Transactions as of
Oct 26, 2022
Transactions value $
-$63,030
Form type
4
Date filed
10/28/2022, 06:20 PM
Previous filing
Oct 19, 2022
Next filing
Mar 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Sale -$63K -600 -1% $105.05 59.4K Oct 26, 2022 Direct F1, F2
holding APPF Class A Common Stock 194K Oct 26, 2022 By Pension Trust F3
holding APPF Class A Common Stock 9.81K Oct 26, 2022 By IGSB Cardinal Core BV, LLC F4
holding APPF Class A Common Stock 34.8K Oct 26, 2022 By Private Foundation F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sales made pursuant to a 10b5-1 trading plan adopted by the Reporting Person on September 15, 2022.
F2 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $105.00 to $105.15, inclusive. 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.
F3 The Reporting Person is sole trustee of the pension trust and, in that capacity, possesses sole voting and sole dispositive power over these shares of Class A Common Stock ("Class A Shares"); however, the Reporting Person does not have and disclaims any pecuniary interest in these Class A Shares.
F4 The Reporting Person is the managing member of IGSB Cardinal Core BV, LLC and, in that capacity, possesses sole voting and sole dispositive power over these Class A Shares. However, he disclaims beneficial ownership in these Class A Shares, except to the extent of any pecuniary interest he may have therein.
F5 These Class A Shares are owned by a private foundation, of which the Reporting Person is the president and one of five members of its board of directors. The Reporting Person does not have any pecuniary interest in these Class A Shares. He also disclaims beneficial ownership of these Class A Shares because decisions with respect to the voting and disposition of these shares are subject to the oversight of, and the approval of not less than three of, the foundation's five-member board of directors.