Janet Kerr - 14 Jun 2024 Form 4 Insider Report for APPFOLIO INC (APPF)

Role: Director
Signature: /s/ Evan Pickering as Attorney-in-Fact for Janet Kerr
Issuer symbol: APPF
Transactions as of: 14 Jun 2024
Net transactions value: -$580,818
Form type: 4
Filing time: 18 Jun 2024, 17:03:18 UTC
Previous filing: 24 Jun 2024
Next filing: 01 Jul 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APPF	Class A Common Stock	Sale	$418,986	-1,800	-11%	$232.77	13,880	14 Jun 2024	By Trust	F1, F2
transaction	APPF	Class A Common Stock	Sale	$115,780	-500	-3.6%	$231.56	13,380	14 Jun 2024	By Trust	F2, F3
transaction	APPF	Class A Common Stock	Sale	$46,052	-200	-1.5%	$230.26	13,180	14 Jun 2024	By Trust	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	This transaction was executed in multiple trades with sales prices ranging from $233.00 to $232.55. 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.
F2	The shares of Class A Common Stock reported on the table above are held by the Janet Kerr Living Trust dated 7/16/2014, of which Ms. Kerr is the Trustee.
F3	This transaction was executed in multiple trades with sales prices ranging from $231.91 to $231.08 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.