Andreas von Blottnitz - Dec 3, 2024 Form 4 Insider Report for APPFOLIO INC (APPF)

Role
Director
Signature
/s/ Matthew Mazza as Attorney-in-Fact for Andreas von Blottnitz
Stock symbol
APPF
Transactions as of
Dec 3, 2024
Transactions value $
-$5,213,897
Form type
4
Date filed
12/5/2024, 07:49 PM
Previous filing
Jul 1, 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 +20K +328.3% $0.00 26.1K Dec 3, 2024 Direct F1
transaction APPF Class A Common Stock Sale -$3.34M -12.8K -49.24% $260.28 13.2K Dec 3, 2024 Direct F2, F3
transaction APPF Class A Common Stock Sale -$1.87M -7.15K -54.01% $261.44 6.09K Dec 3, 2024 Direct F2, F4

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 -20K -54.05% $0.00 17K Dec 3, 2024 Class A Common Stock 20K $0.00 Direct F5, F6
holding APPF Class B Common Stock 12.5K Dec 3, 2024 Class A Common Stock 12.5K $0.00 By Spouse F5, F6
holding APPF Class B Common Stock 420K Dec 3, 2024 Class A Common Stock 420K $0.00 By Oceanlink Investments Limited F5, F6, F7
* 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 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 These shares were sold pursuant to a plan adopted by the Reporting Person on or around March 15, 2024.
F3 This transaction was executed in multiple trades with sales prices ranging from $260.00 to $260.99. 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 $261.00 to $261.98. 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 All of the outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.
F6 Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, except for any transfers (i) by a partnership or limited liability company that was a registered holder of shares of Class B Common Stock 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 shares of Class B Common Stock have no expiration date.
F7 Oceanlink Investments Limited is managed by a board of directors that possesses voting and dispositive power with respect to these shares. Oceanlink Trust, of which the Reporting Person is a beneficiary, holds all of the equity interests of Oceanlink Investments Limited. The Reporting Person possesses shared power to revoke Oceanlink Trust.