Timothy K. Bliss - Dec 14, 2023 Form 4 Insider Report for APPFOLIO INC (APFF)

Role
Director
Signature
/s/ Timothy K. Bliss
Stock symbol
APFF
Transactions as of
Dec 14, 2023
Transactions value $
$0
Form type
4
Date filed
12/14/2023, 06:29 PM
Previous filing
Jun 7, 2023
Next filing
Feb 27, 2024

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 APFF Class B Common Stock Other $0 -130K -17.92% $0.00 593K Dec 14, 2023 Class A Common Stock $0.00 Direct F1, F2, F3
transaction APFF Class B Common Stock Other $0 -41.5K -7.74% $0.00 495K Dec 14, 2023 Class A Common Stock $0.00 By Family Trust F1, F2, F3
holding APFF Class B Common Stock 40K Dec 14, 2023 Class A Common Stock $0.00 See footnote F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects transfers for estate planning purposes from the Reporting Person's family trust to various trusts established for the Reporting Person's adult children.
F2 Each Class B Share 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 partnerships, 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.