Andreas von Blottnitz - 07 Mar 2024 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Director
Signature
/s/ Matthew Mazza as Attorney-in-Fact for Andreas von Blottnitz
Issuer symbol
APPF
Transactions as of
07 Mar 2024
Net transactions value
-$1,019,540
Form type
4
Filing time
11 Mar 2024, 19:21:22 UTC
Previous filing
30 Jun 2023
Next filing
28 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Conversion of derivative security $0 +4,500 +83% $0.000000 9,949 07 Mar 2024 Direct F1
transaction APPF Class A Common Stock Sale $194,494 -863 -8.7% $225.37 9,086 07 Mar 2024 Direct F2
transaction APPF Class A Common Stock Sale $634,337 -2,799 -31% $226.63 6,287 07 Mar 2024 Direct F3
transaction APPF Class A Common Stock Sale $167,873 -738 -12% $227.47 5,549 07 Mar 2024 Direct F4
transaction APPF Class A Common Stock Sale $22,835 -100 -1.8% $228.35 5,449 07 Mar 2024 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction APPF Class B Common Stock Conversion of derivative security $0 -4,500 -9% $0.000000 45,500 07 Mar 2024 Class A Common Stock 4,500 $0.000000 Direct F1, F6, F7, F8
holding APPF Class B Common Stock 12,500 07 Mar 2024 Class A Common Stock 12,500 $0.000000 By Spouse F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of the Issuer's Class A Common Stock (each, a "Class A Share") were acquired by the Reporting Person upon the conversion of an equal number of shares of the Issuer's Class B Common Stock (each, a "Class B Share") that had been beneficially owned by the Reporting Person.
F2 This transaction was executed in multiple trades with sales prices ranging from $225.030 to $226.029. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer information regarding the individual trades.
F3 This transaction was executed in multiple trades with sales prices ranging from $226.310 to $227.309. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer information regarding the individual trades.
F4 This transaction was executed in multiple trades with sales prices ranging from $227.320 to $228.319. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer information regarding the individual trades.
F5 This transaction was executed in multiple trades with sales prices ranging from $228.35 to $229.349. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer information regarding the individual trades.
F6 Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, each Class B Share will convert automatically into one Class A Share upon any transfer, except for any transfers (i) by a partnership or limited liability company that was a registered holder of Class B Shares to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The Class B Shares have no expiration date.
F7 All of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share for one share basis, on the date when the number of the outstanding Class B Shares represent less than 10% of the sum of the outstanding Class A Shares and Class B Shares.
F8 The reported securities, which were previously reported as indirectly owned by the Reporting Person through his spouse, were transferred to, and are now held directly by the Reporting Person.