Form 4: AppFolio Director Janet Kerr Sells Shares in Multiple Transactions

Director Janet Kerr sold shares of AppFolio Inc. (APPF) Class A Common Stock in a series of transactions on June 14, 2024, at prices ranging from $230.26 to $233.00.

Summary

• On June 14, 2024, Janet Kerr, a director of AppFolio Inc., sold a total of 2,500 shares of Class A Common Stock.
• The sales were executed in multiple transactions at varying prices.
• 1,800 shares were sold at a weighted average price of $232.77, with individual sales prices ranging from $233.00 to $232.55.
• 500 shares were sold at a weighted average price of $231.56, with individual sales prices ranging from $231.91 to $231.08.
• 200 shares were sold at $230.26.
• Following these transactions, Janet Kerr indirectly owns 13,180 shares through the Janet Kerr Living Trust dated 7/16/2014, of which she is the Trustee.
• A power of attorney was executed on June 18, 2024, granting Matt Mazza and Evan Pickering the authority to act on Janet Kerr's behalf for SEC filings related to AppFolio securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Sales by company directors are a common occurrence and are closely watched by investors for signals about the company's prospects. It's important to consider the size of the sale relative to the director's total holdings.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price.

Key Dates