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

Role
Director
Signature
/s/ Timothy K. Bliss
Issuer symbol
APPF
Transactions as of
14 Dec 2023
Net transactions value
$0
Form type
4
Filing time
14 Dec 2023, 18:29:45 UTC
Previous filing
07 Jun 2023
Next filing
27 Feb 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 -129,505 -18% $0.000000 593,044 14 Dec 2023 Class A Common Stock $0.000000 Direct F1, F2, F3
transaction APFF Class B Common Stock Other $0 -41,495 -7.7% $0.000000 494,655 14 Dec 2023 Class A Common Stock $0.000000 By Family Trust F1, F2, F3
holding APFF Class B Common Stock 40,000 14 Dec 2023 Class A Common Stock $0.000000 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.