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Filing Details

Accession Number:: 0000950170-25-084057
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-06-09 21:31:29
Reporting Period:: 2025-06-05

Filing Date:: 2025-06-09
Accepted Time:: 2025-06-09 21:31:29
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1433195	Appfolio Inc	APPF	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
938332	K Timothy Bliss	C/O Partners Fund 1485 E. Valley Road Suite F Santa Barbara CA 93150		No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2025-06-05	3,100	$216.02	3,100	No	4	P	Direct
Class A Common Stock	Acquisiton	2025-06-05	4,400	$217.72	7,500	No	4	P	Direct
Class A Common Stock	Acquisiton	2025-06-06	1,789	$215.28	9,289	No	4	P	Direct
Class A Common Stock	Acquisiton	2025-06-06	1,116	$216.41	10,405	No	4	P	Direct
Class A Common Stock	Acquisiton	2025-06-06	4,420	$217.20	14,825	No	4	P	Direct
Class A Common Stock	Acquisiton	2025-06-06	175	$217.87	15,000	No	4	P	Direct
Class A Common Stock	Acquisiton	2025-06-09	2,029	$217.34	17,029	No	4	P	Direct
Class A Common Stock	Acquisiton	2025-06-09	4,372	$218.12	21,401	No	4	P	Direct
Class A Common Stock	Acquisiton	2025-06-09	599	$218.73	22,000	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Remaning Holdings	Nature of Ownership
Class A Common Stock	Class B Common Stock	$0.00	417,290	Direct
Class A Common Stock	Class B Common Stock	$0.00	446,000	Indirect
Class A Common Stock	Class B Common Stock	$0.00	40,000	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	0	417,290	Direct
	0	446,000	Indirect
	0	40,000	Indirect

Footnotes

This price reflects the weighted average price at which these shares were purchased. The shares were purchased in multiple transactions at prices ranging from $215.66 to $216.33, 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 purchased at each separate price within the range set forth in this footnote.
This price reflects the weighted average price at which these shares were purchased. The shares were purchased in multiple transactions at prices ranging from $217.02 to $218.02, 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 purchased at each separate price within the range set forth in this footnote.
This price reflects the weighted average price at which these shares were purchased. The shares were purchased in multiple transactions at prices ranging from $214.67 to $215.60, 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 purchased at each separate price within the range set forth in this footnote.
This price reflects the weighted average price at which these shares were purchased. The shares were purchased in multiple transactions at prices ranging from $215.70 to $216.69, 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 purchased at each separate price within the range set forth in this footnote.
This price reflects the weighted average price at which these shares were purchased. The shares were purchased in multiple transactions at prices ranging from $216.70 to $217.68, 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 purchased at each separate price within the range set forth in this footnote.
This price reflects the weighted average price at which these shares were purchased. The shares were purchased in multiple transactions at prices ranging from $216.54 to $217.53, 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 purchased at each separate price within the range set forth in this footnote.
This price reflects the weighted average price at which these shares were purchased. The shares were purchased in multiple transactions at prices ranging from $217.55 to $218.53, 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 purchased at each separate price within the range set forth in this footnote.
This price reflects the weighted average price at which these shares were purchased. The shares were purchased in multiple transactions at prices ranging from $218.64 to $218.87, 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 purchased at each separate price within the range set forth in this footnote.
Each share of the Issuer's Class B Common Stock ("Class B Share") is convertible, at any time at the option of the holder, into one share of the Issuer's Class A Common Stock ("Class A Share"). In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one-for-one 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 the Issuer's Amended and Restated Certificate of Incorporation).
(Continued from Footnote 10) The Issuer'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-for-one basis, on the date when the number of the Issuer's outstanding Class B Shares represents less than 10% of the sum of its outstanding Class A Shares and Class B Shares.
These Class B Shares are held in two limited partnerships, of which the Report Person acts as manager. The Reporting Person maintains sole voting and dispositive power over these Class B Shares. The Reporting Person disclaims any beneficial ownership over these shares except to the extent of his pecuniary interest therein.