William Shane Trigg - 10 May 2023 Form 4 Insider Report for APPFOLIO INC (APPF)

Signature
/s/ Matthew Mazza, as Attorney-in-Fact, for William Shane Trigg
Issuer symbol
APPF
Transactions as of
10 May 2023
Transactions value $
-$717,051
Form type
4
Filing time
12 May 2023, 19:25:24 UTC
Previous filing
03 Mar 2023
Next filing
14 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APPF Class A Common Stock Tax liability -$75,456 -529 -0.61% $142.64 86,355 10 May 2023 Direct F1
transaction APPF Class A Common Stock Tax liability -$33,092 -232 -0.27% $142.64 86,123 10 May 2023 Direct F2
transaction APPF Class A Common Stock Tax liability -$52,491 -368 -0.43% $142.64 85,755 10 May 2023 Direct F3
transaction APPF Class A Common Stock Tax liability -$110,688 -776 -0.9% $142.64 84,979 10 May 2023 Direct F4
transaction APPF Class A Common Stock Tax liability -$445,322 -3,122 -3.7% $142.64 81,857 10 May 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on May 10, 2023 of 8.33% of the performance-based restricted stock units (PSUs) previously granted to the Reporting Person on December 13, 2021 pursuant to the Issuer's 2015 Stock Incentive Plan.
F2 Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on May 10, 2023 of 6.25% of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on December 13, 2021 pursuant to the Issuer's 2015 Stock Incentive Plan.
F3 Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on May 10, 2023 of 6.25% of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on March 1, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.
F4 Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligation of the Reporting Person arising in connection with the vesting on May 10, 2023 of 6.25% of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on January 24, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.
F5 Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on May 10, 2023 of 20% of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on April 13, 2020 pursuant to the Issuer's 2015 Stock Incentive Plan.