Alexander R. Wolf - 13 Feb 2025 Form 4 Insider Report for APPFOLIO INC (APPF)

Footnote F1

This transaction was executed in multiple trades with sales prices ranging from $215.03 to $215.98. 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 F2

These shares are directly owned by the Hume Sibling's Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust.

Footnote F3

This transaction was executed in multiple trades with sales prices ranging from $213.78 to $214.53. 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

These shares are directly owned by the Wolf Ancestor's Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust.

Footnote F5

These shares are directly owned by the Wolf Descendants' Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust.

Footnote F6

These shares are directly owned by the Hume Ancestor's Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust.

Footnote F7

These shares are directly owned by the Wolf Sibling's Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust.

Footnote F8

This transaction was executed in multiple trades with sales prices ranging from $214.81 to $215.80. 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 F9

This transaction was executed in multiple trades with sales prices ranging from $215.86 to $216.29. 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 F10

The shares of Class A Common Stock reported on the table above are held by the LWAW Revocable Trust, dated 7/14/17, of which the reporting person and his spouse are the trustees.

Footnote F11

These shares are directly owned by the George H Hume Children's Trust dated 1/1/2005 FBO L Hume. The reporting person is an investment advisor to that trust and in that capacity may be deemed to have voting and dispositive power over such shares.

Footnote F12

These shares are directly owned by the Hume 2012 Irrevocable Children's Trust, dated 11/19/12. The reporting person is an investment advisor to that trust and in that capacity may be deemed to have voting and dispositive power over such shares.