Key facts
- This page summarizes IGSB IVP III, LLC's Form 4 filing for APPFOLIO INC (APPF).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 03 Dec 2021, 19:51.
IGSB IVP III, LLC - 01 Dec 2021 Form 4 Insider Report for APPFOLIO INC (APPF)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- APPF
- Reported as of
- 01 Dec 2021
- Net transaction value
- $0
- Reporting owner signature
-
IGSB IVP III, LLC A California limited liability company, By: Investment Group of Santa Barbara, LLC A California limited liability company, By: Timothy K. Bliss, Member & Vice President, By: /s/ Kimberly Shea,...
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
IGSB IVP III, LLC filed Form 4 for APPFOLIO INC (APPF) on 03 Dec 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
APPF
transaction
Derivative
Class B Common Stock
Other
- Transaction value
- $0
- Shares
- -3,554,584
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 01 Dec 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 3,554,584
- Exercise price
- $0.000000
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
IGSB IVP III, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
On December 1, 2021, three investment funds of IGSB IVP III, LLC ("IVP III") were dissolved , resulting in the termination of each of those investment funds and the distribution of an aggregate of 3,554,584 shares of AppFolio Class B Common Stock ("Class B Shares") held by those investment funds, pro-rata to the investors in those investment funds. No consideration was paid by any of those investors for the Class B Shares distributed to them.
Footnote F2
Each Class B Share is convertible, at any time at the option of the holder, into one share of Appfolio Class A Common Stock ("Class A Shares"). In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).
Footnote F3
(Continued from Footnote 2) AppFolio's Class B Shares do not have an expiration date. However, 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 Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A and Class B Shares.