Maurice J. Duca - Jul 30, 2024 Form 4 Insider Report for APPFOLIO INC (APPF)

Role: 10%+ Owner
Signature: /s/ Kimberly Shea, Attorney-in-Fact for Maurice J. Duca
Stock symbol: APPF
Transactions as of: Jul 30, 2024
Transactions value $: -$23,360
Form type: 4
Date filed: 8/1/2024, 05:34 PM
Previous filing: Jul 30, 2024
Next filing: Aug 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APPF	Class A Common Stock	Sale	-$23.4K	-100	-0.36%	$233.60	27.5K	Jul 30, 2024	Direct	F1
transaction	APPF	Class A Common Stock	Other		-3.08K	-38.23%		4.97K	Aug 1, 2024	By Family Trust	F2
holding	APPF	Class A Common Stock						143K	Jul 30, 2024	By IGSB Gaucho Fund I, LLC	F3
holding	APPF	Class A Common Stock						44K	Jul 30, 2024	By Pension Trust	F4
holding	APPF	Class A Common Stock						9.81K	Jul 30, 2024	By IGSB Cardinal Core BV, LLC	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id	Content
F1	Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.
F2	The Reporting Person transferred 3,075 shares of Class A Common Stock ("Class A Shares") to a third-party individual as compensation for consulting services.
F3	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.
F4	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.
F5	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.