Form 4: AppFolio Director Timothy K. Bliss Reports Changes in Beneficial Ownership

Director Timothy K. Bliss reports transactions involving AppFolio Inc. Class A and Class B Common Stock, including conversions and gifts.

Summary

• On February 29, 2024, Timothy K. Bliss, a director of AppFolio Inc., converted 75,754 Class B shares into Class A shares and also converted 39,655 Class B shares into Class A shares.
• These conversions did not involve any monetary transaction, with the price listed as $0.00.
• Following these transactions, Bliss directly owns 75,754 Class A shares.
• Bliss also indirectly owns 48,655 Class A shares through a Family Trust.
• On March 4, 2024, Bliss gifted 9,000 Class B shares for no consideration.
• After the gift, the Family Trust indirectly owns 39,655 Class A shares.
• Bliss also indirectly owns 446,000 Class A shares through a Family Trust and 40,000 Class A shares through limited partnerships.

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 changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding Class A and Class B shares.

Key Dates