Form 4: AppFolio CFO Timothy Eaton Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
AppFolio's CFO, Timothy Mathias Eaton, disposed of Class A Common Stock to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On February 10th and 11th, 2025, Timothy Mathias Eaton, the CFO of AppFolio Inc., disposed of Class A Common Stock to satisfy tax withholding obligations.
- These obligations arose from the vesting of time-based restricted stock units (RSUs) previously granted to Eaton under the company's 2015 Stock Incentive Plan.
- The disposals were executed to cover the minimum tax withholding requirements associated with the vesting of RSUs granted on February 9, 2022, March 6, 2023, November 6, 2023, March 5, 2024, and March 11, 2024.
- A total of 200 shares were disposed of at a price of $223.08 per share.
- Following these transactions, Eaton directly owns 4,583 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects routine tax management by an executive and doesn't inherently signal positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations upon vesting of RSUs is a common practice.
Key Dates
| Date | Description |
|---|---|
| 2022-02-09 | Date of RSU grant related to the transaction. |
| 2023-03-06 | Date of RSU grant related to the transaction. |
| 2023-11-06 | Date of RSU grant related to the transaction. |
| 2024-03-05 | Date of RSU grant related to the transaction. |
| 2024-03-11 | Date of RSU grant related to the transaction. |
| 2025-02-10 | Date of transaction (disposal of shares). |
| 2025-02-11 | Date of transaction (disposal of shares). |
| 2025-02-12 | Date of signature on the Form 4 filing. |
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