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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1433195	Appfolio Inc	APPF	Services-Prepackaged Software (7372)	260359894

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1621298	Dragoneer Global Fund Ii, L.p.	One Letterman Drive Building D, Suite M500 San Francisco CA 94129	No	No	Yes	No
1646303	Marc Stad	One Letterman Drive Building D, Suite M500 San Francisco CA 94129	No	No	Yes	No
1646430	Dragoneer Apartment, Llc	1 Letterman Drive Building D, Suite M500 San Francisco CA 94129	No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2017-08-01	1,155	$34.90	68,568	No	4	S	Direct
Class A Common Stock	Disposition	2017-08-01	23,845	$34.90	1,611,413	No	4	S	Indirect	Refer to Footnote
Class A Common Stock	Disposition	2017-08-03	2,311	$34.20	66,257	No	4	S	Direct
Class A Common Stock	Disposition	2017-08-03	47,689	$34.20	1,563,724	No	4	S	Indirect	Refer to Footnote
Class A Common Stock	Disposition	2017-08-03	1,054	$34.24	65,203	No	4	S	Direct
Class A Common Stock	Disposition	2017-08-03	21,746	$34.24	1,541,978	No	4	S	Indirect	Refer to Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Indirect	Refer to Footnote
No	4	S	Direct
No	4	S	Indirect	Refer to Footnote
No	4	S	Direct
No	4	S	Indirect	Refer to Footnote

Footnotes

Mr. Stad is the managing member of Dragoneer Global GP, LLC ("Dragoneer GP"), Dragoneer Global GP II, LLC ("Global GP II"), and Dragoneer Investment Group, LLC ("Dragoneer Adviser"). Dragoneer GP is the manager of Dragoneer Apartment, LLC ("Dragoneer Apartment Fund") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. ("Dragoneer Global Fund II" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the "Dragoneer Entities") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 1, 2017 and August 3, 2017, respectively, Dragoneer Global Fund II sold 14,214 and 41,392 shares of Class A Common Stock, Dragoneer Apartment Fund sold 5,598 and 16,302 shares of Class A Common Stock, and certain other funds and managed accounts sold 4,033 and 11,741 shares of Class A Common Stock.
By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein.