Form 4: AppFolio Director Maurice J. Duca Converts Class B Shares to Class A Shares

Director Maurice J. Duca converted 57,100 Class B shares of AppFolio Inc. to Class A shares on March 25, 2024.

Summary

• On March 25, 2024, Maurice J. Duca, a director of AppFolio Inc., converted 57,100 Class B Common Stock shares into 57,100 Class A Common Stock shares.
• Following the transaction, Duca's directly held Class A Common Stock amounts to 59,383 shares.
• Duca also has indirect ownership through various entities, including family trusts, IGSB Gaucho Fund I, LLC, pension trusts, IGSB Cardinal Core BV, LLC, IGSB Cardinal Core MX, LLC, and a Charitable Remainder Trust.
• Duca disclaims beneficial ownership of shares held by IGSB Gaucho Fund I, LLC, IGSB Cardinal Core BV, LLC, IGSB Cardinal Core MX, LLC, and the pension trust, except to the extent of any pecuniary interest.
• The reporting person resigned from his roles as president and a member of the board of directors of a private foundation on August 31, 2023, and the shares previously reported as held by the foundation have been removed from this filing.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure related to insider transactions and provides transparency regarding the ownership structure of AppFolio's shares.

Stakeholder Impact

• The conversion of shares may have a minor impact on the overall share structure, but is unlikely to significantly affect stakeholders.

Key Dates