Form 4 for APPF APPFOLIO INC
Accepted 2022-06-14 00:00:00 ET · period of report 2022-06-10 · accession 0000899243-22-022442 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-06-14 | 2022-06-10 | APPF | BLISS TIMOTHY K | Dir | C - Cnv Deriv | $0.00 | +25.0K | 25.0K | New | $0 |
| D | 2022-06-14 | 2022-06-14 | APPF | BLISS TIMOTHY K | Dir | S - Sale | $87.70 | -7,320 | 17.7K | -29% | -$642.0K |
| D | 2022-06-14 | 2022-05-20 | APPF | BLISS TIMOTHY K | Dir | G - Gift | $0.00 | -10.0K | 0 | -100% | $0 |
| D | 2022-06-14 | 2022-06-10 | APPF | BLISS TIMOTHY K | Dir | C - Cnv Deriv | $0.00 | -25.0K | 842.5K | -3% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-06-10 | C | A | 25,000 | $0.00 | 25,000 | D | — | — | (F4) These 25,000 Class A Shares were acquired by the Reporting Person upon the conversion of 25,000 Class B Shares that had been owned by the Reporting Person. (F3) (Continued from Footnote 2) The Issuer'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 Issuer's outstanding Class B Shares represents less than 10% of the sum of its outstanding Class A Shares and Class B Shares. (F2) Each share of the Issuer's Class B Common Stock ("Class B Shares") is convertible, at any time at the option of the holder, into one Class A Share. 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 the Issuer's Amended and Restated Certificate of Incorporation). |
| 2 | Common | Class A Common Stock | 2022-06-14 | S | D | 7,320 | $87.70 | 17,680 | D | — | — | (F5) This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $86.11 to $90.22, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 3 | Common | Class A Common Stock | 2022-05-20 | G | D | 10,000 | $0.00 | 0 | D | — | — | (F1) These 10,000 shares of the Issuer's Class A Common Stock ("Class A Shares") were donated by the Reporting Person to a charitable organization. (F3) (Continued from Footnote 2) The Issuer'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 Issuer's outstanding Class B Shares represents less than 10% of the sum of its outstanding Class A Shares and Class B Shares. (F2) Each share of the Issuer's Class B Common Stock ("Class B Shares") is convertible, at any time at the option of the holder, into one Class A Share. 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 the Issuer's Amended and Restated Certificate of Incorporation). |
| 4 | Derivative | Class B Common Stock | 2022-06-10 | C | D | 25,000 | $0.00 | 842,549 | D | $0.00 · — to — | 25,000 Class A Common Stock | (F4) These 25,000 Class A Shares were acquired by the Reporting Person upon the conversion of 25,000 Class B Shares that had been owned by the Reporting Person. (F3) (Continued from Footnote 2) The Issuer'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 Issuer's outstanding Class B Shares represents less than 10% of the sum of its outstanding Class A Shares and Class B Shares. (F2) Each share of the Issuer's Class B Common Stock ("Class B Shares") is convertible, at any time at the option of the holder, into one Class A Share. 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 the Issuer's Amended and Restated Certificate of Incorporation). |