Changes in Beneficial Ownership · 4
AppFolio, Inc.
APPFNASDAQEQUITYCurrent
Changes in Beneficial Ownership
Structured filing — 4
form4-08182026_110844.xml
Filing details
- Report period
- 2026-08-14
- Issuer
- APPFOLIO INC
- Issuer CIK
- 0001433195
- Trading symbol
- APPF
- Rule 10b5-1 indication
- Checked
Reporting owner 1
- Name
- DUCA MAURICE J
- Reporting owner CIK
- 0000938333
- Relationship
- 10% owner
- Address
- C/O IGSB, INC., 1485 E. VALLEY ROAD, SUITE H, SANTA BARBARA, CA, 93108
Non-derivative transactions
| Security | Transaction date | Code | Amount | A / D | Price (USD) | Owned after | Ownership | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | 2026-08-17 | S · Form 4[F1] | 679 | D | 194.28[F2] | 55,653 | I | By Pension Trust[F3] |
| Class A Common Stock | 2026-08-17 | S · Form 4[F1] | 1,886 | D | 195.33[F4] | 53,767 | I | By Pension Trust[F3] |
| Class A Common Stock | 2026-08-17 | S · Form 4[F1] | 1,830 | D | 196.08[F5] | 51,937 | I | By Pension Trust[F3] |
| Class A Common Stock | 2026-08-17 | S · Form 4[F1] | 890 | D | 196.98[F6] | 51,047 | I | By Pension Trust[F3] |
| Class A Common Stock | 2026-08-17 | S · Form 4[F1] | 263 | D | 198.37[F7] | 50,784 | I | By Pension Trust[F3] |
| Class A Common Stock | 2026-08-17 | S · Form 4[F1] | 52 | D | 199.05 | 50,732 | I | By Pension Trust[F3] |
Table key
- S · Form 4
- Sale on the market or privately
- D
- Disposed
- I
- Indirect
Non-derivative holdings
| Security | Amount owned | Ownership | Nature of ownership |
|---|---|---|---|
| Class A Common Stock | 26,667 | I | By IGSB Cardinal I, LLC[F8] |
| Class A Common Stock | 142,857 | I | By IGSB Gaucho Fund I, LLC[F9] |
| Class A Common Stock | 9,805 | I | By IGSB Cardinal Core BV, LLC[F10] |
| Class A Common Stock | 7,022 | I | By Charitable Remainder Trust[F11] |
Table key
- I
- Indirect
Footnotes
- F1
- Sales made pursuant to a 10b5-1 trading plan previously adopted by the Reporting Person on March 13, 2026.↩ 1↩ 2↩ 3↩ 4↩ 5↩ 6
- 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 $193.63 to $194.61, 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.↩ 1
- F3
- 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.↩ 1↩ 2↩ 3↩ 4↩ 5↩ 6
- 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 $194.73 to $195.72, 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.↩ 1
- 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 $195.73 to $196.63, 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.↩ 1
- 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 $196.74 to $197.635, 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.↩ 1
- F7
- This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $197.91 to $198.77, 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.↩ 1
- F8
- These Class A Shares are owned by IGSB Cardinal I, LLC, a limited liability company, of which the Reporting Person is the managing member. 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.↩ 1
- F9
- These Class A Shares are owned by IGSB Gaucho Fund I, LLC, a limited liability company, of which the Reporting Person is the managing member. 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.↩ 1
- F10
- These Class A Shares are owned by IGSB Cardinal Core BV, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class A Shares, but he disclaims beneficial ownership in these Class A Shares, except to the extent of any pecuniary interest he may have therein.↩ 1
- F11
- These Class A Shares are held by a trust of which the Reporting Person is a co-trustee and, in that capacity, he may be deemed to share voting and dispositive power over these Class A Shares with the other trustee. However, the Reporting Person does not have a pecuniary interest in, and he disclaims beneficial ownership of, these Class A Shares.↩ 1
Remarks
Due to a 30 line-item limitation in Table I, this is the second of two Forms 4 filed by the Reporting Person on August 18, 2026.
Signature 1
- Signed
- /s/ Kimberly Shea, Attorney-in-Fact for Maurice J. Duca
- Date
- 2026-08-18