Elizabeth E. Barat - 10 Feb 2026 Form 4 Insider Report for APPFOLIO INC (APPF)

Role: Chief People Officer
Signature: /s/ Evan Pickering, as Attorney-in-Fact, for Elizabeth E. Barat
Issuer symbol: APPF
Transactions as of: 10 Feb 2026
Net transactions value: +$1,026,235
Form type: 4
Filing time: 12 Feb 2026, 19:14:33 UTC
Previous filing: 29 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Barat Elizabeth Erin	Chief People Officer	70 CASTILIAN DRIVE, SANTA BARBARA	/s/ Evan Pickering, as Attorney-in-Fact, for Elizabeth E. Barat	12 Feb 2026	0002054905

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APPF	Class A Common Stock	Award	$1,329,775	+7,062	+37%	$188.30	26,379	10 Feb 2026	Direct	F1
transaction	APPF	Class A Common Stock	Tax liability	$166,269	-883	-3.3%	$188.30	25,496	10 Feb 2026	Direct	F2
transaction	APPF	Class A Common Stock	Tax liability	$35,965	-191	-0.75%	$188.30	25,305	10 Feb 2026	Direct	F3
transaction	APPF	Class A Common Stock	Tax liability	$24,479	-130	-0.51%	$188.30	25,175	10 Feb 2026	Direct	F4
transaction	APPF	Class A Common Stock	Tax liability	$13,558	-72	-0.29%	$188.30	25,103	10 Feb 2026	Direct	F5
transaction	APPF	Class A Common Stock	Tax liability	$19,395	-103	-0.41%	$188.30	25,000	10 Feb 2026	Direct	F6
transaction	APPF	Class A Common Stock	Tax liability	$14,687	-78	-0.31%	$188.30	24,922	10 Feb 2026	Direct	F6
transaction	APPF	Class A Common Stock	Tax liability	$11,675	-62	-0.25%	$188.30	24,860	10 Feb 2026	Direct	F7
transaction	APPF	Class A Common Stock	Tax liability	$11,486	-61	-0.25%	$188.30	24,799	10 Feb 2026	Direct	F8
transaction	APPF	Class A Common Stock	Tax liability	$6,026	-32	-0.13%	$188.30	24,767	10 Feb 2026	Direct	F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of Class A Common Stock granted by the Issuer in connection with the vesting on February 10, 2026 of the performance-based restricted stock units ("PSUs") granted to the Reporting Person on January 29, 2025 pursuant to the Issuer's 2025 Omnibus Incentive Plan.
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 February 10, 2026 of the PSUs previously granted to the Reporting Person on January 29, 2025 pursuant to the Issuer's 2025 Omnibus Incentive Plan.
F3	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 February 10, 2026 of the PSUs previously granted to the Reporting Person on January 24, 2024 pursuant to the Issuer's 2015 Stock Incentive Plan.
F4	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 February 10, 2026 of the PSUs previously granted to the Reporting Person on January 25, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.
F5	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 February 10, 2026 of the time-based restricted stock units ("RSUs") previously granted to the Reporting Person on January 28, 2025 pursuant to the Issuer's 2025 Omnibus Incentive Plan.
F6	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 February 10, 2026 of the RSUs previously granted to the Reporting Person on January 23, 2024 pursuant to the Issuer's 2015 Stock Incentive Plan.
F7	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 February 10, 2026 of the RSUs previously granted to the Reporting Person on April 25, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.
F8	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 February 10, 2026 of the RSUs previously granted to the Reporting Person on January 24, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.
F9	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 February 10, 2026 of the RSUs previously granted to the Reporting Person on February 9, 2022 pursuant to the Issuer's 2015 Stock Incentive Plan.