Timothy K. Bliss - 06 Jun 2024 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Director
Signature
/s/ Timothy K. Bliss
Issuer symbol
APPF
Transactions as of
06 Jun 2024
Net transactions value
-$14,311,717
Form type
4
Filing time
10 Jun 2024, 20:20:02 UTC
Previous filing
22 May 2024
Next filing
13 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Sale $6,931,552 -29,898 -30% $231.84 70,102 06 Jun 2024 Direct F1
transaction APPF Class A Common Stock Sale $1,547,153 -6,639 -9.5% $233.04 63,463 06 Jun 2024 Direct F2
transaction APPF Class A Common Stock Sale $912,989 -3,904 -6.2% $233.86 59,559 06 Jun 2024 Direct F3
transaction APPF Class A Common Stock Sale $302,812 -1,289 -2.2% $234.92 58,270 06 Jun 2024 Direct F4
transaction APPF Class A Common Stock Sale $633,282 -2,760 -4.7% $229.45 55,510 07 Jun 2024 Direct F5
transaction APPF Class A Common Stock Sale $515,962 -2,240 -4% $230.34 53,270 07 Jun 2024 Direct F6
transaction APPF Class A Common Stock Sale $701,697 -3,049 -5.7% $230.14 50,221 10 Jun 2024 Direct F7
transaction APPF Class A Common Stock Sale $1,913,725 -8,277 -16% $231.21 41,944 10 Jun 2024 Direct F8
transaction APPF Class A Common Stock Sale $771,996 -3,328 -7.9% $231.97 38,616 10 Jun 2024 Direct F9
transaction APPF Class A Common Stock Sale $80,549 -346 -0.9% $232.80 38,270 10 Jun 2024 Direct F10

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
holding APPF Class B Common Stock 417,290 06 Jun 2024 Class A Common Stock $0.000000 Direct F11, F12
holding APPF Class B Common Stock 446,000 06 Jun 2024 Class A Common Stock $0.000000 By Family Trust F11, F12
holding APPF Class B Common Stock 40,000 06 Jun 2024 Class A Common Stock $0.000000 See footnote F11, F12, F13
* 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 $231.48 to $232.42, 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 $232.50 to $233.48, 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 $233.50 to $234.48, 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 $234.54 to $235.24, 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 $229.00 to $229.99, 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 $230.03 to $230.73, 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 $229.57 to $230.55, 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 $230.60 to $231.59, 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 $231.60 to $232.58, 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 $232.77 to $233.01, 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 Each share of the Issuer's Class B Common Stock ("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).
F12 (Continued from Footnote 11) 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.
F13 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.