| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| DUCA MAURICE J | 10%+ Owner | C/O IGSB, INC., 1485 E. VALLEY ROAD, SUITE H, SANTA BARBARA | /s/ Kimberly Shea, Attorney-in-Fact for Maurice J. Duca | 2025-11-06 | 0000938333 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | APPF | Class A Common Stock | Conversion of derivative security | $0 | +40.2K | +72.07% | $0.00 | 96K | Nov 4, 2025 | Direct | F1 |
| transaction | APPF | Class A Common Stock | Conversion of derivative security | $0 | +5K | +12.82% | $0.00 | 44K | Nov 4, 2025 | By Family Trust | F2 |
| transaction | APPF | Class A Common Stock | Conversion of derivative security | $0 | +118K | +333.91% | $0.00 | 154K | Nov 4, 2025 | By Pension Trust | F3, F4 |
| holding | APPF | Class A Common Stock | 26.7K | Nov 4, 2025 | By IGSB Cardinal I, LLC | F5 | |||||
| holding | APPF | Class A Common Stock | 143K | Nov 4, 2025 | By IGSB Gaucho Fund I, LLC | F6 | |||||
| holding | APPF | Class A Common Stock | 9.81K | Nov 4, 2025 | By IGSB Cardinal Core BV, LLC | F7 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | APPF | Class B Common Stock | Conversion of derivative security | $0 | -40.2K | -1.15% | $0.00 | 3.47M | Nov 4, 2025 | Class A Common Stock | 40.2K | $0.00 | Direct | F1, F8, F9 |
| transaction | APPF | Class B Common Stock | Conversion of derivative security | $0 | -5K | -5.92% | $0.00 | 79.4K | Nov 4, 2025 | Class A Common Stock | 5K | $0.00 | By Family Trust | F2, F8, F9 |
| transaction | APPF | Class B Common Stock | Conversion of derivative security | $0 | -118K | -4.72% | $0.00 | 2.38M | Nov 4, 2025 | Class A Common Stock | 118K | $0.00 | By Pension Trust | F3, F8, F9, F10 |
| holding | APPF | Class B Common Stock | 26.7K | Nov 4, 2025 | Class A Common Stock | $0.00 | By IGSB Cardinal I, LLC | F8, F9, F11 | ||||||
| holding | APPF | Class B Common Stock | 143K | Nov 4, 2025 | Class A Common Stock | $0.00 | By IGSB Gaucho Fund I, LLC | F8, F9, F12 | ||||||
| holding | APPF | Class B Common Stock | 5K | Nov 4, 2025 | Class A Common Stock | $0.00 | By IGSB Cardinal Core BV, LLC | F8, F9, F13 | ||||||
| holding | APPF | Class B Common Stock | 7.02K | Nov 4, 2025 | Class A Common Stock | $0.00 | By Charitable Remainder Trust | F8, F9, F14 |
| Id | Content |
|---|---|
| F1 | The Reporting Person acquired these 40,210 shares of Class A Common Stock ("Class A Shares") by converting a like number of shares of Class B Common Stock ("Class B Shares") that were owned by the Reporting Person. |
| F2 | The Reporting Person acquired these 5,000 Class A Shares by converting a like number of Class B Shares that were owned by the Reporting Person. |
| F3 | The Reporting Person acquired these 118,124 Class A Shares by converting a like number of Class B Shares that were owned by the Reporting Person. |
| F4 | These Class A Shares are held by a pension trust of which the Reporting Person is the sole trustee and who, in that capacity, possesses sole voting and sole dispositive power over these Class A Shares. However, the Reporting Person does not possess any pecuniary interest in these Class A Shares. |
| F5 | These Class A Shares are owned by IGSB Cardinal I, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class A Shares. However, the Reporting Person disclaims beneficial ownership in these Class A Shares, except to the extent of any pecuniary interest he may have therein. |
| F6 | These Class A Shares are owned by IGSB Gaucho Fund I, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class A Shares. However, the Reporting Person disclaims beneficial ownership in these Class A Shares, except to the extent of any pecuniary interest he may have therein. |
| F7 | These Class A Shares are owned by IGSB Cardinal Core BV, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class A Shares, but he disclaims beneficial ownership in these Class A Shares, except to the extent of any pecuniary interest he may have therein. |
| F8 | Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share 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 AppFolio's Amended and Restated Certificate of Incorporation). |
| F9 | (Continued from Footnote 8) AppFolio'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 share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A Shares and Class B Shares. |
| F10 | These Class B Shares are held by a pension trust of which the Reporting Person is the sole trustee and who, in that capacity, possesses sole voting and sole dispositive power over these Class B Shares. However, the Reporting Person does not possess any pecuniary interest in these Class B Shares. |
| F11 | These Class B Shares are owned by IGSB Cardinal I, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class B Shares. However, the Reporting Person disclaims beneficial ownership in these Class B Shares, except to the extent of any pecuniary interest he may have therein. |
| F12 | These Class B Shares are owned by IGSB Gaucho Fund I, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class B Shares. However, the Reporting Person disclaims beneficial ownership in these Class B Shares, except to the extent of any pecuniary interest he may have therein. |
| F13 | These Class B Shares are owned by IGSB Cardinal Core BV, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class B Shares, but he disclaims beneficial ownership over the Class B Shares, except to the extent of any pecuniary interest he may have therein. |
| F14 | These Class B Shares are held by a trust of which the Reporting Person is a co-trustee and, in that capacity, he may be deemed to share voting and dispositive power over these Class B Shares with the other trustee. However, the Reporting Person does not have a pecuniary interest in, and he disclaims beneficial ownership of, these Class B Shares. |