Janet Kerr - Aug 21, 2023 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Director
Signature
/s/ Matthew Mazza as Attorney-in-Fact for Janet Kerr
Stock symbol
APPF
Transactions as of
Aug 21, 2023
Transactions value $
-$43,115
Form type
4
Date filed
8/23/2023, 06:06 PM
Previous filing
Aug 8, 2023
Next filing
Sep 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Sale -$43.1K -250 -1.46% $172.46 16.9K Aug 21, 2023 By Trust F1, F2
* 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 The shares of Class A Common were sold pursuant to a Rule 10b5-1(c) plan adopted by the Reporting Person on May 5, 2023.
F2 The shares of Class A Common are held by the Janet Kerr Living Trust dated 7/16/2004 of which the Reporting Person is the Trustee.