Jonathan Walker - 07 Sep 2021 Form 4 Insider Report for APPFOLIO INC (APPF)

Signature
/s/ Matthew Mazza, as Attorney-In-Fact for Jonathan Walker
Issuer symbol
APPF
Transactions as of
07 Sep 2021
Net transactions value
-$1,277,474
Form type
4
Filing time
09 Sep 2021, 20:17:01 UTC
Previous filing
17 May 2021
Next filing
16 Sep 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Conversion of derivative security $0 +8,000 +51% $0.000000 23,674 07 Sep 2021 By Trust
transaction APPF Class A Common Stock Sale $802,362 -6,600 -28% $121.57 17,074 07 Sep 2021 By Trust F1
transaction APPF Class A Common Stock Sale $171,612 -1,400 -8.2% $122.58 15,674 07 Sep 2021 By Trust F2
transaction APPF Class A Common Stock Conversion of derivative security $0 +2,500 $0.000000 2,500 08 Sep 2021 Direct
transaction APPF Class A Common Stock Sale $303,500 -2,500 -100% $121.40 0 08 Sep 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction APPF Class B Common Stock Conversion of derivative security $0 -8,000 -1.4% $0.000000 571,802 07 Sep 2021 Class A Common Stock 8,000 $0.000000 By Trust F4, F5
transaction APPF Class B Common Stock Conversion of derivative security $0 -2,500 -26% $0.000000 7,194 08 Sep 2021 Class A Common Stock 2,500 $0.000000 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades with sales prices ranging from $121.19 to $122.15. 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.
F2 This transaction was executed in multiple trades with sales prices ranging from $122.19 to $122.88. 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.
F3 This transaction was executed in multiple trades with sales prices ranging from $121.00 to $121.76. 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.
F4 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 by (i) 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) a transfer 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.
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 Company'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.

Remarks:

EXHIBIT LIST: EX-24 Power of Attorney for Jonathan Walker, GRAPHIC POA for Jonathan Walker