Form 4: AppFolio Director Alexander Wolf Sells 10,000 Shares

Director Alexander Wolf sold 10,000 shares of AppFolio Inc. on May 13, 2024, at a weighted average price of $250.26.

Summary

• On May 13, 2024, Alexander Wolf, a director of AppFolio Inc., sold 10,000 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $250.26 per share, with individual sales prices ranging from $250.09 to $250.42.
• Following the transaction, Wolf directly owns 182,584 shares through the LWAW Revocable Trust.
• Wolf also has indirect ownership of 2,000 shares through the 2005 Hume Children's Trust and 23,000 shares through the 2012 Children's Trust.
• The shares previously held directly by Wolf have been transferred to the LWAW Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider trading. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about a transaction.

Industry Context

This is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency to investors regarding the buying and selling of company stock by its leadership.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but it is a common occurrence and doesn't necessarily indicate a lack of confidence in the company.

Key Dates