Jonathan Walker - Nov 10, 2022 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Founder
Signature
/s/ Matthew Mazza, as Attorney-In-Fact for Jonathan Walker
Stock symbol
APPF
Transactions as of
Nov 10, 2022
Transactions value $
-$57,941
Form type
4
Date filed
11/14/2022, 06:25 PM
Previous 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 Tax liability -$57.9K -480 -1.79% $120.71 26.3K Nov 10, 2022 Direct F1
holding APPF Class A Common Stock 606K Nov 10, 2022 By Trust

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
holding APPF Class B Common Stock 26.9K Nov 10, 2022 Class A Common Stock 26.9K $0.00 By Trust F2, F3
holding APPF Class B Common Stock 7.19K Nov 10, 2022 Class A Common Stock 7.19K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on November 10, 2022 of 6.25% of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on December 13, 2021 pursuant to the Issuer's 2015 Stock Incentive Plan.
F2 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.
F3 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 by (i) 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) a transfer 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.