Matthew S. Mazza - Jan 24, 2023 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Chief Legal Officer
Signature
/s/ Matthew S Mazza
Stock symbol
APPF
Transactions as of
Jan 24, 2023
Transactions value $
-$50,367
Form type
4
Date filed
1/26/2023, 07:00 PM
Previous filing
Dec 13, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Award $0 +5.36K +14.64% $0.00 42K Jan 24, 2023 Direct F1
transaction APPF Class A Common Stock Award $0 +1.04K +2.46% $0.00 43K Jan 24, 2023 Direct F2
transaction APPF Class A Common Stock Tax liability -$50.4K -423 -0.98% $119.07 42.6K Jan 24, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of time-based restricted stock units (RSUs) granted pursuant to the Issuer's 2015 Stock Incentive Plan. The RSUs shall vest over four years with 1/16th of the restricted stock units vesting quarterly beginning May 10, 2023.
F2 Represents a grant of performance-based restricted stock units originally granted on December 17, 2019, which vested in part on January 24, 2023 in connection with the satisfaction of certain performance criteria.
F3 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 January 24, 2023 of the performance-based restricted stock units (RSUs) previously granted to the Reporting Person on December 17, 2019 pursuant to the Issuer's 2015 Stock Incentive Plan.