Timothy K. Bliss - Jun 5, 2023 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Director
Signature
/s/ Timothy K. Bliss
Stock symbol
APPF
Transactions as of
Jun 5, 2023
Transactions value $
$0
Form type
4
Date filed
6/7/2023, 04:30 PM
Previous filing
Sep 19, 2022
Next filing
Dec 14, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction APPF Class B Common Stock Other $0 -40K -5.25% $0.00 723K Jun 5, 2023 Class A Common Stock $0.00 Direct F1, F2, F3
transaction APPF Class B Common Stock Other $0 +40K $0.00 40K Jun 5, 2023 Class A Common Stock $0.00 See footnote F1, F2, F3, F4
holding APPF Class B Common Stock 536K Jun 5, 2023 Class A Common Stock $0.00 By Family Trust F2, F3
holding APPF Class B Common Stock 37.6K Jun 5, 2023 Class A Common Stock $0.00 See footnote F2, F3, F5
holding APPF Class B Common Stock 2.2K Jun 5, 2023 Class A Common Stock $0.00 See footnote F2, F3, F6
holding APPF Class B Common Stock 34K Jun 5, 2023 Class A Common Stock $0.00 See footnote F2, F3, F6
holding APPF Class B Common Stock 49K Jun 5, 2023 Class A Common Stock $0.00 See footnote F2, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects transfers for no consideration from the Reporting Person's individual retirement accounts to two limited liability companies, of which the Report Person acts as manager.
F2 Each share of the Issuer's Class B Common Stock ("Class B Shares") is convertible, at any time at the option of the holder, into one share of the Issuer's Class A Common Stock ("Class A Share"). In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one-for-one basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in the Issuer's Amended and Restated Certificate of Incorporation).
F3 (Continued from Footnote 2) The Issuer's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one-for-one basis, on the date when the number of the Issuer's outstanding Class B Shares represents less than 10% of the sum of its outstanding Class A Shares and Class B Shares.
F4 These Class B Shares are held in two limited liability companies, of which the Report Person acts as manager. The Reporting Person maintains sole voting and dispositive power over these Class B Shares. The Reporting Person disclaims any beneficial ownership over these shares except to the extent of his pecuniary interest therein.
F5 These Class B Shares are owned by a grantor trust established for one of the Reporting Person's adult children. The Reporting Person's spouse is the trustee of that trust and, in that capacity, possesses sole voting and dispositive power over these Class B Shares. However, neither she nor the Reporting Person is a beneficiary of the trust and neither of them has, and they disclaim, any pecuniary interest in these Class B Shares.
F6 These Class B Shares are owned by another grantor trust also established for one of the Reporting Person's adult children. The Reporting Person's spouse is the trustee of that trust and, in that capacity, possesses sole voting and dispositive power over these Class B Shares. However, neither she nor the Reporting Person is a beneficiary of the trust and neither of them has, and they disclaim, any pecuniary interest in these Class B Shares.