| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | APPF | Class A Common Stock | Conversion of derivative security | $0 | +944 | +13.3% | $0.00 | 8.04K | Jul 23, 2024 | By Family Trust | F1 |
| transaction | APPF | Class A Common Stock | Sale | -$322K | -1.19K | -2.01% | $269.78 | 58.2K | Jul 23, 2024 | Direct | F2, F3 |
| transaction | APPF | Class A Common Stock | Sale | -$567K | -2.09K | -3.6% | $270.71 | 56.1K | Jul 23, 2024 | Direct | F2, F4 |
| transaction | APPF | Class A Common Stock | Sale | -$394K | -1.45K | -2.59% | $271.52 | 54.6K | Jul 23, 2024 | Direct | F2, F5 |
| transaction | APPF | Class A Common Stock | Sale | -$109K | -400 | -0.73% | $272.59 | 54.2K | Jul 23, 2024 | Direct | F2, F6 |
| transaction | APPF | Class A Common Stock | Sale | -$130K | -505 | -0.93% | $256.91 | 53.7K | Jul 24, 2024 | Direct | F2, F7 |
| transaction | APPF | Class A Common Stock | Sale | -$154K | -595 | -1.11% | $258.23 | 53.1K | Jul 24, 2024 | Direct | F2, F8 |
| transaction | APPF | Class A Common Stock | Sale | -$104K | -400 | -0.75% | $259.17 | 52.7K | Jul 24, 2024 | Direct | F2, F9 |
| transaction | APPF | Class A Common Stock | Sale | -$156K | -600 | -1.14% | $260.70 | 52.1K | Jul 24, 2024 | Direct | F2, F10 |
| transaction | APPF | Class A Common Stock | Sale | -$226K | -862 | -1.65% | $261.68 | 51.3K | Jul 24, 2024 | Direct | F2, F11 |
| transaction | APPF | Class A Common Stock | Sale | -$129K | -492 | -0.96% | $262.69 | 50.8K | Jul 24, 2024 | Direct | F2, F12 |
| transaction | APPF | Class A Common Stock | Sale | -$130K | -494 | -0.97% | $264.15 | 50.3K | Jul 24, 2024 | Direct | F2, F13 |
| transaction | APPF | Class A Common Stock | Sale | -$79.6K | -300 | -0.6% | $265.35 | 50K | Jul 24, 2024 | Direct | F2, F14 |
| transaction | APPF | Class A Common Stock | Sale | -$30.3K | -114 | -0.23% | $266.07 | 49.9K | Jul 24, 2024 | Direct | F2, F15 |
| transaction | APPF | Class A Common Stock | Sale | -$26.7K | -100 | -0.2% | $267.31 | 49.8K | Jul 24, 2024 | Direct | F2 |
| holding | APPF | Class A Common Stock | 143K | Jul 23, 2024 | By IGSB Gaucho Fund I, LLC | F16 | |||||
| holding | APPF | Class A Common Stock | 44K | Jul 23, 2024 | By Pension Trust | F17 | |||||
| holding | APPF | Class A Common Stock | 9.81K | Jul 23, 2024 | By IGSB Cardinal Core BV, LLC | F18 |
| 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 | -944 | -0.63% | $0.00 | 149K | Jul 23, 2024 | Class A Common Stock | 944 | $0.00 | By Family Trust | F1, F19, F20 |
| holding | APPF | Class B Common Stock | 3.6M | Jul 23, 2024 | Class A Common Stock | $0.00 | Direct | F19, F20 | ||||||
| holding | APPF | Class B Common Stock | 143K | Jul 23, 2024 | Class A Common Stock | $0.00 | By IGSB Gaucho Fund I, LLC | F19, F20, F21 | ||||||
| holding | APPF | Class B Common Stock | 2.54M | Jul 23, 2024 | Class A Common Stock | $0.00 | By Pension Trust | F19, F20, F22 | ||||||
| holding | APPF | Class B Common Stock | 5K | Jul 23, 2024 | Class A Common Stock | $0.00 | By IGSB Cardinal Core BV, LLC | F19, F20, F23 | ||||||
| holding | APPF | Class B Common Stock | 24.6K | Jul 23, 2024 | Class A Common Stock | $0.00 | By IGSB Cardinal Core MX, LLC | F19, F20, F24 | ||||||
| holding | APPF | Class B Common Stock | 7.02K | Jul 23, 2024 | Class A Common Stock | $0.00 | By Charitable Remainder Trust | F19, F20, F25 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The Reporting Person acquired these 944 shares of Class A Common Stock ("Class A Shares") by converting a like number of shares of Class B Common Stock ("Class B Shares") that were owned by the Reporting Person. |
| F2 | Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024. |
| 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 $269.18 to $270.17, 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 $270.18 to $271.17, 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 $271.19 to $271.85, 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 $272.45 to $272.98, 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. |
| 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 $256.65 to $257.51, 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 $257.78 to $258.60, 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 $258.88 to $259.36, 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 $260.17 to $261.08, 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 $261.34 to $262.22, 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. |
| 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 $262.38 to $263.04, 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 $263.63 to $264.47, 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 $264.87 to $265.82, 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. |
| 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 $265.98 to $266.72, 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. |
| F16 | These Class A Shares are owned by IGSB Gaucho Fund I, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class A Shares. However, the Reporting Person disclaims beneficial ownership in these Class A Shares, except to the extent of any pecuniary interest he may have therein. |
| F17 | These Class A Shares are held by a pension trust of which the Reporting Person is the sole trustee and who, in that capacity, possesses sole voting and sole dispositive power over these Class A Shares. However, the Reporting Person does not possess any pecuniary interest in these Class A Shares. |
| F18 | These Class A Shares are owned by IGSB Cardinal Core BV, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class A Shares, but he disclaims beneficial ownership in these Class A Shares, except to the extent of any pecuniary interest he may have therein. |
| F19 | Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share 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 AppFolio's Amended and Restated Certificate of Incorporation). |
| F20 | (Continued from Footnote 33) AppFolio'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 share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A Shares and Class B Shares. |
| F21 | These Class B Shares are owned by IGSB Gaucho Fund I, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class B Shares. However, the Reporting Person disclaims beneficial ownership in these Class B Shares, except to the extent of any pecuniary interest he may have therein. |
| F22 | These Class B Shares are held by a pension trust of which the Reporting Person is the sole trustee and who, in that capacity, possesses sole voting and sole dispositive power over these Class B Shares. However, the Reporting Person does not possess any pecuniary interest in these Class B Shares. |
| F23 | These Class B Shares are owned by IGSB Cardinal Core BV, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class B Shares, but he disclaims beneficial ownership over the Class B Shares, except to the extent of any pecuniary interest he may have therein. |
| F24 | These Class B Shares are owned by IGSB Cardinal Core MX, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class B Shares, but he disclaims beneficial ownership over the Class B Shares, except to the extent of any pecuniary interest he may have therein. |
| F25 | These Class B Shares are held by a trust of which the Reporting Person is a co-trustee and, in that capacity, he may be deemed to share voting and dispositive power over these Class B Shares with the other trustee. However, the Reporting Person does not have a pecuniary interest in, and he disclaims beneficial ownership of, these Class B Shares. |