Andreas von Blottnitz - 03 Dec 2024 Form 4 Insider Report for APPFOLIO INC (APPF)

Reporting relationship: Director
Issuer ticker: APPF
Reported as of: 03 Dec 2024
Net transaction value: -$5,213,897
SEC form: 4
Accepted by SEC: 05 Dec 2024, 19:49:35 UTC
Prior SEC filing: 01 Jul 2024
Next SEC filing: 01 Jul 2025
Source filing: View source filing
Reporting owner signature: /s/ Matthew Mazza as Attorney-in-Fact for Andreas von Blottnitz

Key filing fact

Andreas von Blottnitz filed Form 4 for APPFOLIO INC (APPF) on 05 Dec 2024.

Key facts

This page summarizes Andreas von Blottnitz's Form 4 filing for APPFOLIO INC (APPF).
4 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 05 Dec 2024, 19:49.

Change

Previous filing in this sequence was filed on 01 Jul 2024.
Current net transaction value: -$5,213,897.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

APPF transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +20,000
Change %: +328%
Price: $0.000000
Shares after: 26,092
Date: 03 Dec 2024
Ownership: Direct
Footnotes: F1

APPF transaction

Class A Common Stock

Sale

Transaction value: $3,343,817
Shares: -12,847
Change %: -49%
Price: $260.28
Shares after: 13,245
Date: 03 Dec 2024
Ownership: Direct
Footnotes: F2, F3

APPF transaction

Class A Common Stock

Sale

Transaction value: $1,870,080
Shares: -7,153
Change %: -54%
Price: $261.44
Shares after: 6,092
Date: 03 Dec 2024
Ownership: Direct
Footnotes: F2, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

APPF transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -20,000
Change %: -54%
Price: $0.000000
Shares after: 17,000
Date: 03 Dec 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 20,000
Exercise price: $0.000000
Footnotes: F5, F6

APPF holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 12,500
Date: 03 Dec 2024
Ownership: By Spouse
Underlying class: Class A Common Stock
Underlying amount: 12,500
Exercise price: $0.000000
Footnotes: F5, F6

APPF holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 420,450
Date: 03 Dec 2024
Ownership: By Oceanlink Investments Limited
Underlying class: Class A Common Stock
Underlying amount: 420,450
Exercise price: $0.000000
Footnotes: F5, F6, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 7 footnotes

Footnote 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.

Footnote F2

These shares were sold pursuant to a plan adopted by the Reporting Person on or around March 15, 2024.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.