Timothy K. Bliss - May 20, 2024 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Director
Signature
/s/ Timothy K. Bliss
Stock symbol
APPF
Transactions as of
May 20, 2024
Transactions value $
-$12,182,692
Form type
4
Date filed
5/22/2024, 09:08 PM
Previous filing
Mar 12, 2024
Next filing
Jun 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Sale -$222K -915 -8.51% $242.38 9.84K May 20, 2024 Direct F1
transaction APPF Class A Common Stock Sale -$817K -3.36K -34.12% $243.23 6.48K May 20, 2024 Direct F2
transaction APPF Class A Common Stock Sale -$520K -2.13K -32.83% $244.14 4.35K May 20, 2024 Direct F3
transaction APPF Class A Common Stock Sale -$818K -3.38K -8.51% $242.38 36.3K May 20, 2024 By Family Trust F4
transaction APPF Class A Common Stock Sale -$3.01M -12.4K -34.12% $243.23 23.9K May 20, 2024 By Family Trust F5
transaction APPF Class A Common Stock Sale -$1.92M -7.85K -32.82% $244.14 16.1K May 20, 2024 By Family Trust F6
transaction APPF Class A Common Stock Sale -$763K -3.2K -73.54% $238.43 1.15K May 21, 2024 Direct F7
transaction APPF Class A Common Stock Sale -$78.2K -327 -28.39% $239.29 825 May 21, 2024 Direct F8
transaction APPF Class A Common Stock Sale -$41.9K -174 -21.09% $240.61 651 May 21, 2024 Direct F9
transaction APPF Class A Common Stock Sale -$107K -442 -67.9% $241.70 209 May 21, 2024 Direct F10
transaction APPF Class A Common Stock Sale -$35.2K -145 -69.38% $242.61 64 May 21, 2024 Direct F11
transaction APPF Class A Common Stock Sale -$15.6K -64 -100% $243.55 0 May 21, 2024 Direct F12
transaction APPF Class A Common Stock Sale -$2.81M -11.8K -73.53% $238.43 4.25K May 21, 2024 By Family Trust F13
transaction APPF Class A Common Stock Sale -$289K -1.21K -28.41% $239.29 3.04K May 21, 2024 By Family Trust F14
transaction APPF Class A Common Stock Sale -$155K -643 -21.14% $240.61 2.4K May 21, 2024 By Family Trust F15
transaction APPF Class A Common Stock Sale -$394K -1.63K -67.94% $241.70 769 May 21, 2024 By Family Trust F16
transaction APPF Class A Common Stock Sale -$129K -533 -69.31% $242.61 236 May 21, 2024 By Family Trust F17
transaction APPF Class A Common Stock Sale -$57.5K -236 -100% $243.55 0 May 21, 2024 By Family Trust F18
transaction APPF Class A Common Stock Conversion of derivative security $0 +100K $0.00 100K May 22, 2024 Direct F19, F20, F21

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 -100K -19.33% $0.00 417K May 22, 2024 Class A Common Stock $0.00 Direct F19, F20, F21
holding APPF Class B Common Stock 446K May 20, 2024 Class A Common Stock $0.00 By Family Trust F20, F21
holding APPF Class B Common Stock 40K May 20, 2024 Class A Common Stock $0.00 See footnote F20, F21, F22
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $241.70 to $242.69, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $242.73 to $243.72, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $243.73 to $244.65, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $241.70 to $242.69, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $242.73 to $243.72, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $243.73 to $244.65, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $238.01 to $238.98, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $239.03 to $240.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $240.17 to $240.82, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $241.24 to $242.22, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F11 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $242.27 to $243.03, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F12 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $243.30 to $243.67, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F13 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $238.01 to $238.98, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F14 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $239.03 to $240.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F15 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $240.17 to $240.82, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F16 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $241.24 to $242.22, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F17 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $242.27 to $243.03, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F18 This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $243.30 to $243.67, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F19 These 100,000 shares of the Issuer's Class A Common Stock (each, a "Class A Share") were acquired by the Reporting Person upon the conversion of 100,000 shares of the Issuer's Class B Common Stock (each, a "Class B Share") that had been owned by the Reporting Person.
F20 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).
F21 (Continued from Footnote 20) 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.
F22 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.