Timothy K. Bliss - Jun 11, 2024 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Director
Signature
/s/ Timothy K. Bliss
Stock symbol
APPF
Transactions as of
Jun 11, 2024
Transactions value $
-$9,028,779
Form type
4
Date filed
6/13/2024, 07:27 PM
Previous 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 -$327K -1.42K -3.7% $231.11 36.9K Jun 11, 2024 Direct F1
transaction APPF Class A Common Stock Sale -$933K -4.02K -10.91% $232.09 32.8K Jun 11, 2024 Direct F2
transaction APPF Class A Common Stock Sale -$1.42M -6.1K -18.59% $233.05 26.7K Jun 11, 2024 Direct F3
transaction APPF Class A Common Stock Sale -$3.22M -13.7K -51.4% $234.08 13K Jun 11, 2024 Direct F4
transaction APPF Class A Common Stock Sale -$143K -609 -4.69% $235.05 12.4K Jun 11, 2024 Direct F5
transaction APPF Class A Common Stock Sale -$49.6K -210 -1.7% $235.96 12.2K Jun 11, 2024 Direct
transaction APPF Class A Common Stock Sale -$79K -329 -2.7% $239.97 11.8K Jun 12, 2024 Direct F6
transaction APPF Class A Common Stock Sale -$1.47M -6.1K -51.5% $240.87 5.74K Jun 12, 2024 Direct F7
transaction APPF Class A Common Stock Sale -$1.26M -5.21K -90.65% $241.79 537 Jun 12, 2024 Direct F8
transaction APPF Class A Common Stock Sale -$130K -537 -100% $242.58 0 Jun 12, 2024 Direct F9

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 417K Jun 11, 2024 Class A Common Stock $0.00 Direct F10, F11
holding APPF Class B Common Stock 446K Jun 11, 2024 Class A Common Stock $0.00 By Family Trust F10, F11
holding APPF Class B Common Stock 40K Jun 11, 2024 Class A Common Stock $0.00 See footnote F10, F11, F12
* 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 $230.53 to $231.49, 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 $231.54 to $232.53, 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 $232.54 to $233.53, 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 $233.54 to $234.38, 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 $234.70 to $235.65, 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.
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 $239.25 to $240.23, 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 $240.31 to $241.30, 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 $241.31 to $242.29, 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 $242.31 to $242.77, 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 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).
F11 (Continued from Footnote 10) 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.
F12 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.