William Shane Trigg - Feb 18, 2025 Form 4 Insider Report for APPFOLIO INC (APPF)

Role: Chief Executive Officer, Director
Signature: /s/ Matthew Mazza, as Attorney-in-Fact, for William Shane Trigg
Stock symbol: APPF
Transactions as of: Feb 18, 2025
Transactions value $: -$760,662
Form type: 4
Date filed: 2/20/2025, 05:32 PM
Previous filing: Feb 12, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APPF	Class A Common Stock	Sale	-$761K	-3.5K	-4.01%	$217.27	83.8K	Feb 18, 2025	Direct	F1

* 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	These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Reporting Person on or around May 10, 2024.