Form 4: AppFolio Director Maurice J. Duca Reports Share Conversion

Director Maurice J. Duca reported converting Class B shares to Class A shares in AppFolio Inc.

Summary

• On September 3, 2024, Maurice J. Duca, a director of AppFolio Inc., filed a Form 4 indicating changes in beneficial ownership.
• Duca converted 2,572 shares of Class B Common Stock into 2,572 shares of Class A Common Stock.
• Following the transaction, Duca's directly owned Class A Common Stock holdings increased to 19,122 shares.
• Duca also indirectly owns shares through various entities, including IGSB Cardinal Core MX, LLC, IGSB Gaucho Fund I, LLC, a family trust, a pension trust, IGSB Cardinal Core BV, LLC and a Charitable Remainder Trust.
• Duca disclaims beneficial ownership of shares held by these entities, except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It helps stakeholders understand the ownership structure and potential alignment of interests between management and shareholders.

Key Dates