Form 4 for APPF APPFOLIO INC

Accepted 2024-03-27 00:00:00 ET · period of report 2024-03-25 · accession 0001415889-24-009274 · 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
DI	2024-03-27	2024-03-25	APPF	DUCA MAURICE J	10%	C - Cnv Deriv	$0.00	+57.1K	57.1K	New	$0
DI	2024-03-27	2024-03-25	APPF	DUCA MAURICE J	10%	C - Cnv Deriv	$0.00	-57.1K	150.0K	-28%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2024-03-25	C	A	57,100	$0.00	57,100	I By Family Trust	—	—
2	Derivative	Class B Common Stock	2024-03-25	C	D	57,100	$0.00	150,024	I By Family Trust	$0.00 · — to —	57,100 Class A Common Stock	(F7) (Continued from Footnote 6) 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 Shares and Class B Shares. (F6) Each Class B Share 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 AppFolio's Amended and Restated Certificate of Incorporation).