Jonathan Walker - Jun 7, 2022 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Chief Technology Officer
Signature
/s/ Matthew Mazza, as Attorney-In-Fact for Jonathan Walker
Stock symbol
APPF
Transactions as of
Jun 7, 2022
Transactions value $
-$751,611
Form type
4
Date filed
6/9/2022, 07:30 PM
Previous filing
May 12, 2022
Next filing
Aug 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Options Exercise $27.9K +2.39K +0.4% $11.70* 597K Jun 7, 2022 By Trust
transaction APPF Class A Common Stock Options Exercise $138K +10.3K +1.72% $13.43* 607K Jun 7, 2022 By Trust
transaction APPF Class A Common Stock Sale -$673K -6.82K -1.12% $98.66 600K Jun 7, 2022 By Trust F1
transaction APPF Class A Common Stock Sale -$361K -3.63K -0.61% $99.38 597K Jun 7, 2022 By Trust F2
transaction APPF Class A Common Stock Options Exercise $116K +9.95K +1.67% $11.70* 606K Jun 9, 2022 By Trust
holding APPF Class A Common Stock 27.3K Jun 7, 2022 Direct

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 -26.9K -100% $0.00* 0 Jun 7, 2022 Class B Common Stock 26.9K $4.92 By Trust F3, F4, F5
transaction APPF Class B Common Stock Options Exercise $0 +26.9K $0.00 26.9K Jun 7, 2022 Class A Common Stock 26.9K $0.00 By Trust F4, F5
transaction APPF Employee Stock Option (Right to Buy) Options Exercise $0 -2.39K -19.36% $0.00 9.95K Jun 7, 2022 Class A Common Stock 2.39K $11.70 By Trust F6
transaction APPF Employee Stock Option (Right to Buy) Options Exercise $0 -10.3K -100% $0.00* 0 Jun 7, 2022 Class A Common Stock 10.3K $13.43 By Trust F7
transaction APPF Employee Stock Option (Right to Buy) Options Exercise $0 -9.95K -100% $0.00* 0 Jun 9, 2022 Class A Common Stock 9.95K $11.70 By Trust F8
holding APPF Class B Common Stock 7.19K Jun 7, 2022 Class A Common Stock 7.19K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades with sales prices ranging from $98.19 to $99.17. The price reported above reflects the weighted average sales price for the cumulative trades. The reportingperson hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
F2 This transaction was executed in multiple trades with sales prices ranging from $99.20 to $99.73. The price reported above reflects the weighted average sales price for the cumulative trades. The reportingperson hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
F3 The reported securities reflect the exercise of 26,925 incentive stock options.
F4 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.
F5 All 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 Issuer'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.
F6 The reported securities reflect the exercise of 1,645 incentive stock options and 743 nonqualified stock options.
F7 The reported securities reflect the exercise of 577 incentive stock options and 9,712 nonqualified stock options.
F8 The reported securities reflect the exercise of 9,945 nonqualified stock options.