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Filing Details

Accession Number:: 0000899243-22-031511
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-09-19 18:16:26
Reporting Period:: 2022-09-15

Accepted Time:: 2022-09-19 18:16:26
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 Igsb, Inc. 1485 E. Valley Road, Suite H Santa Barbara CA 93108		Yes	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	Explanation
Class A Common Stock	Disposition	2022-09-15	3,000	$99.16	10,072	No	4	S	Indirect	By IGSBIVP III, LLC
Class A Common Stock	Disposition	2022-09-15	5,842	$100.24	4,230	No	4	S	Indirect	By IGSBIVP III, LLC
Class A Common Stock	Disposition	2022-09-15	4,230	$101.02	0	No	4	S	Indirect	By IGSBIVP III, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By IGSBIVP III, LLC
No	4	S	Indirect	By IGSBIVP III, LLC
No	4	S	Indirect	By IGSBIVP III, LLC

Footnotes

This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $98.67 to $99.66, 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.
These Class A Shares had been owned by IGSB IVP III, LLC, a private investment fund managed by Investment Group of Santa Barbara LLC ("IGSB"). The Reporting Person is one of the members of IGSB and may be deemed to have shared voting and dispositive power with IGSB and its other members over these Class A Shares. However, the Reporting Person disclaims beneficial ownership of these Class A Shares, except to the extent of any pecuniary interest he may have had therein.
This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $99.73 to $100.69, 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 sold at each separate price within the range set forth in this footnote.
This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $100.74 to $101.50, 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.