Jason Robert Randall - 17 Dec 2021 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Chief Executive Officer, Director
Signature
/s/ Matthew Mazza, as Attorney-in-Fact for Jason Robert Randall
Issuer symbol
APPF
Transactions as of
17 Dec 2021
Net transactions value
-$1,000,110
Form type
4
Filing time
21 Dec 2021, 18:35:26 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Conversion of derivative security $0 +8,203 $0.000000 8,203 17 Dec 2021 Direct
transaction APPF Class A Common Stock Sale $1,000,110 -8,203 -100% $121.92 0 21 Dec 2021 Direct F1

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
transaction APPF Employee Stock Option (Right to Buy) Options Exercise $0 -8,203 -22% $0.000000 29,297 17 Dec 2021 Class B Common Stock 8,203 $4.92 Direct F2, F3
transaction APPF Class B Common Stock Options Exercise $0 +8,203 $0.000000 8,203 17 Dec 2021 Class A Common Stock 8,203 $0.000000 Direct F2, F3
transaction APPF Class B Common Stock Conversion of derivative security $0 -8,203 -100% $0.000000* 0 17 Dec 2021 Class A Common Stock 8,203 $0.000000 Direct F2, F3
holding APPF Class B Common Stock 20,000 17 Dec 2021 Class A Common Stock 20,000 $0.000000 By Trust F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were sold in a privately negotiated transaction with certain existing stockholders and did not involve any open market transaction.
F2 Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, except for any transfers (i) by a partnership or limited liability company that was a registered holder of shares of Class B Common Stock to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.
F3 All of the outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share-for-one share basis, on the date when the number of the Company's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.
F4 The shares of Class B Common reported on the table above are held by the Jason R Randall & Christina L Walman Revocable Trust Dated 06/01/17 of which Mr. Randall is a Trustee.

Remarks:

EXHIBIT LIST: EX-24 Power of Attorney for Jason Randall, GRAPHIC POA for Jason Randall