Timothy K. Bliss - Feb 29, 2024 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Director
Signature
/s/ Timothy K. Bliss
Stock symbol
APPF
Transactions as of
Feb 29, 2024
Transactions value $
$0
Form type
4
Date filed
3/4/2024, 05:38 PM
Previous filing
Feb 27, 2024
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Conversion of derivative security $0 +75.8K $0.00 75.8K Feb 29, 2024 Direct F1, F2, F3
transaction APPF Class A Common Stock Conversion of derivative security $0 +39.7K +440.61% $0.00 48.7K Feb 29, 2024 By Family Trust F1, F2, F3
transaction APPF Class A Common Stock Gift $0 -9K -18.5% $0.00 39.7K Mar 4, 2024 By Family Trust F4

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 Conversion of derivative security $0 -75.8K -12.77% $0.00 517K Feb 29, 2024 Class A Common Stock $0.00 Direct F1, F2, F3
transaction APPF Class B Common Stock Conversion of derivative security $0 -39.7K -8.17% $0.00 446K Feb 29, 2024 Class A Common Stock $0.00 By Family Trust F1, F2, F3
holding APPF Class B Common Stock 40K Feb 29, 2024 Class A Common Stock $0.00 See footnote F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of the Issuer's Class A Common Stock (each, a "Class A Share") were acquired by the Reporting Person upon the conversion of an equal number of shares of the Issuer's Class B Common Stock (each, a "Class B Share") that had been beneficially owned by the Reporting Person.
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 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 Represents bona fide gifts for no consideration.
F5 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.