Matthew S. Mazza - May 10, 2023 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Chief Legal Officer
Signature
/s/ Matthew S Mazza
Stock symbol
APPF
Transactions as of
May 10, 2023
Transactions value $
-$118,249
Form type
4
Date filed
5/12/2023, 07:23 PM
Previous filing
Feb 14, 2023
Next filing
Aug 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Tax liability -$65.6K -460 -0.88% $142.64 51.7K May 10, 2023 Direct F1
transaction APPF Class A Common Stock Tax liability -$28.8K -202 -0.39% $142.64 51.5K May 10, 2023 Direct F2
transaction APPF Class A Common Stock Tax liability -$23.8K -167 -0.32% $142.64 51.4K May 10, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

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 May 10, 2023 of 8.33% of the performance-based restricted stock units (PSUs) previously granted to the Reporting Person on December 13, 2021 pursuant to the Issuer's 2015 Stock Incentive Plan.
F2 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 May 10, 2023 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.
F3 Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligation of the Reporting Person arising in connection with the vesting on May 10, 2023 of 6.25% of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on January 24, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.