William Shane Trigg - May 10, 2023 Form 4 Insider Report for APPFOLIO INC (APPF)

Role: Chief Executive Officer, Director
Signature: /s/ Matthew Mazza, as Attorney-in-Fact, for William Shane Trigg
Stock symbol: APPF
Transactions as of: May 10, 2023
Transactions value $: -$717,051
Form type: 4
Date filed: 5/12/2023, 07:25 PM
Previous filing: Mar 3, 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	-$75.5K	-529	-0.61%	$142.64	86.4K	May 10, 2023	Direct	F1
transaction	APPF	Class A Common Stock	Tax liability	-$33.1K	-232	-0.27%	$142.64	86.1K	May 10, 2023	Direct	F2
transaction	APPF	Class A Common Stock	Tax liability	-$52.5K	-368	-0.43%	$142.64	85.8K	May 10, 2023	Direct	F3
transaction	APPF	Class A Common Stock	Tax liability	-$111K	-776	-0.9%	$142.64	85K	May 10, 2023	Direct	F4
transaction	APPF	Class A Common Stock	Tax liability	-$445K	-3.12K	-3.67%	$142.64	81.9K	May 10, 2023	Direct	F5

Showing 1 to 5 of 5 entries

* 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 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 March 1, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.
F4	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.
F5	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 20% of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on April 13, 2020 pursuant to the Issuer's 2015 Stock Incentive Plan.