Form 4 for APPF APPFOLIO INC
Accepted 2024-11-20 00:00:00 ET · period of report 2024-11-18 · accession 0001415889-24-027386 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2024-11-20 | 2024-11-18+ | APPF | DUCA MAURICE J | 10% | S - Sale | $228.98 | -4,969 | 2,459 | -67% | -$1.14M |
| DMI | 2024-11-20 | 2024-11-20 | APPF | DUCA MAURICE J | 10% | J - Other | $0.00 | -3,659 | 9,107 | -29% | $0 |
| DMI | 2024-11-20 | 2024-11-20 | APPF | DUCA MAURICE J | 10% | J - Other | $0.00 | +22.0K | 26.7K | +475% | $0 |
| D | 2024-11-20 | 2024-11-20 | APPF | DUCA MAURICE J | 10% | J - Other | $0.00 | -22.0K | 3.60M | -0.6% | $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 | 2024-11-20 | S | D | 53 | $230.46 | 0 | I By Family Trust | — | — | |
| 2 | Common | Class A Common Stock | 2024-11-20 | S | D | 600 | $228.59 | 459 | I By Family Trust | — | — | (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 $228.14 to $229.11, 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 | 2024-11-20 | J | A | 26,667 | $0.00 | 26,667 | I By IGSB Cardinal I, LLC | — | — | (F9) The Reporting Person is the managing member of IGSB Cardinal I. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class A Shares. However, the Reporting Person disclaims beneficial ownership in these Class A Shares, except to the extent of any pecuniary interest he may have therein. |
| 4 | Common | Class A Common Stock | 2024-11-20 | S | D | 406 | $229.68 | 53 | I By Family Trust | — | — | (F6) This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $229.45 to $229.85, 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. |
| 5 | Common | Class A Common Stock | 2024-11-20 | J | D | 30,326 | $0.00 | 9,107 | I By Pension Trust | — | — | (F7) These shares of Class A Common Stock ("Class A Shares") are held by a pension trust of which the Reporting Person is the sole trustee and who, in that capacity, possesses sole voting and sole dispositive power over these Class A Shares. However, the Reporting Person does not possess any pecuniary interest in these Class A Shares. On November 20, 2024, 30,326 of these Class A Shares were transferred for no consideration from the pension trust to a third party, which had the effect of reducing the number of Class A Shares owned by the pension trust, and over which the Reporting Person possesses beneficial ownership, to 9,107 Class A Shares. |
| 6 | Common | Class A Common Stock | 2024-11-19 | S | D | 100 | $229.16 | 1,059 | I By Family Trust | — | — | |
| 7 | Common | Class A Common Stock | 2024-11-19 | S | D | 1,300 | $228.41 | 1,159 | I By Family Trust | — | — | (F4) This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $228.03 to $228.77, 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. |
| 8 | Common | Class A Common Stock | 2024-11-18 | S | D | 1,108 | $228.80 | 3,861 | I By Family Trust | — | — | (F2) This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $228.28 to $229.27, 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. |
| 9 | Common | Class A Common Stock | 2024-11-18 | S | D | 1,402 | $229.54 | 2,459 | I By Family Trust | — | — | (F3) This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $229.32 to $229.91, 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. |
| 10 | Derivative | Class B Common Stock | 2024-11-20 | J | D | 4,638 | $0.00 | 144,442 | I By Family Trust | $0.00 · — to — | 4,638 Class A Common Stock | (F13) 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). (F14) (Continued from Footnote 13) 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. |
| 11 | Derivative | Class B Common Stock | 2024-11-20 | J | A | 26,666 | $0.00 | 26,666 | I By IGSB Cardinal I, LLC | $0.00 · — to — | 26,666 Class A Common Stock | (F17) The Reporting Person is the managing member of IGSB Cardinal I. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class B Shares. However, the Reporting Person disclaims beneficial ownership in these Class B Shares, except to the extent of any pecuniary interest he may have therein. (F13) 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). (F14) (Continued from Footnote 13) 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. |
| 12 | Derivative | Class B Common Stock | 2024-11-20 | J | D | 22,028 | $0.00 | 3,597,416 | D | $0.00 · — to — | 22,028 Class A Common Stock | (F13) 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). (F14) (Continued from Footnote 13) 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. |