Matthew S. Mazza - Jan 23, 2024 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Chief Legal Officer
Signature
/s/ Matthew S Mazza
Stock symbol
APPF
Transactions as of
Jan 23, 2024
Transactions value $
-$120,066
Form type
4
Date filed
1/25/2024, 07:11 PM
Previous filing
Dec 12, 2023
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Award $0 +1.75K +4.33% $0.00 42.1K Jan 23, 2024 Direct F1
transaction APPF Class A Common Stock Tax liability -$120K -665 -1.58% $180.55 41.5K Jan 23, 2024 Direct F2
transaction APPF Class A Common Stock Award $0 +3.67K +8.86% $0.00 45.1K Jan 23, 2024 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 performance-based restricted stock units originally granted on January 19, 2021, which vested in part on January 23, 2024 in connection with the satisfaction of certain performance criteria.
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 January 23, 2024 of the performance-based restricted stock units (RSUs) previously granted to the Reporting Person on January 19, 2021 pursuant to the Issuer's 2015 Stock Incentive Plan.
F3 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, 2024.