| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | APPF | Class A Common Stock | Conversion of derivative security | $0 | +2.57K | $0.00 | 2.57K | Sep 3, 2024 | By IGSB Cardinal Core MX, LLC | F1, F2 | |
| holding | APPF | Class A Common Stock | 19.1K | Sep 3, 2024 | Direct | ||||||
| holding | APPF | Class A Common Stock | 4.97K | Sep 3, 2024 | By Family Trust | ||||||
| holding | APPF | Class A Common Stock | 143K | Sep 3, 2024 | By IGSB Gaucho Fund I, LLC | F3 | |||||
| holding | APPF | Class A Common Stock | 44K | Sep 3, 2024 | By Pension Trust | F4 | |||||
| holding | APPF | Class A Common Stock | 9.81K | Sep 3, 2024 | By IGSB Cardinal Core BV, LLC | F5 |
| 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 | -2.57K | -10.46% | $0.00 | 22K | Sep 3, 2024 | Class A Common Stock | 2.57K | $0.00 | By IGSB Cardinal Core MX, LLC | F1, F6, F7, F8 |
| holding | APPF | Class B Common Stock | 3.6M | Sep 3, 2024 | Class A Common Stock | $0.00 | Direct | F6, F7 | ||||||
| holding | APPF | Class B Common Stock | 149K | Sep 3, 2024 | Class A Common Stock | $0.00 | By Family Trust | F6, F7 | ||||||
| holding | APPF | Class B Common Stock | 143K | Sep 3, 2024 | Class A Common Stock | $0.00 | By IGSB Gaucho Fund I, LLC | F6, F7, F9 | ||||||
| holding | APPF | Class B Common Stock | 2.54M | Sep 3, 2024 | Class A Common Stock | $0.00 | By Pension Trust | F6, F7, F10 | ||||||
| holding | APPF | Class B Common Stock | 5K | Sep 3, 2024 | Class A Common Stock | $0.00 | By IGSB Cardinal Core BV, LLC | F6, F7, F11 | ||||||
| holding | APPF | Class B Common Stock | 7.02K | Sep 3, 2024 | Class A Common Stock | $0.00 | By Charitable Remainder Trust | F6, F7, F12 |
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 2,572 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 | These Class A 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 A Shares, but he disclaims beneficial ownership over the Class A Shares, except to the extent of any pecuniary interest he may have therein. |
| 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. |
| F6 | 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). |
| F7 | (Continued from Footnote 6) 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. |
| F8 | 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. |
| F9 | 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. |
| F10 | 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. |
| F11 | 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. |
| F12 | 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. |
This Form 4/A amends and restates the original Form 4.