Form 4: AppFolio Executive Matthew Mazza Reports Stock Withholding for Tax Obligations
SEC Form 4 Filing
Chief Trust Officer Matthew Mazza reports the withholding of Class A Common Stock by AppFolio to cover tax obligations related to vesting restricted stock units.
Summary
- On May 10, 2025, Matthew S. Mazza, Chief Trust Officer of AppFolio Inc. (APPF), reported the withholding of Class A Common Stock by the issuer to cover tax obligations.
- These withholdings relate to the vesting of performance-based restricted stock units (PSUs) and time-based restricted stock units (RSUs) previously granted to Mazza under the company's 2015 Stock Incentive Plan and 2025 Omnibus Plan.
- A total of 1,240 shares were withheld at a price of $214.29 per share across six separate transactions.
- Following these transactions, Mazza directly owns 29,086 shares of AppFolio Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted stock-based compensation and the subsequent withholding of shares to cover tax liabilities, a common practice.
Comparison to Industry Standards
- Stock-based compensation is a common practice among publicly traded companies, particularly in the technology sector, to incentivize and retain key employees.
- Withholding shares to cover tax obligations upon vesting of restricted stock units is a standard procedure.
- Companies like Atlassian, Salesforce, and Zoom also utilize stock-based compensation and similar withholding practices for their executives.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the initial grant of the stock units.
- The withholding of shares for tax obligations is a neutral event for stakeholders.
Key Dates
| Date | Description |
|---|---|
| 2021-12-13 | Date of RSU grant related to one of the withholding transactions. |
| 2023-01-24 | Date of PSU grant related to one of the withholding transactions. |
| 2023-01-25 | Date of PSU grant related to one of the withholding transactions. |
| 2023-01-24 | Date of RSU grant related to one of the withholding transactions. |
| 2025-01-28 | Date of RSU grant related to one of the withholding transactions. |
| 2025-05-10 | Date of the reported transactions (stock withholding for tax obligations). |
| 2025-05-12 | Date of the Form 4 filing. |
Keywords
Form 4, insider trading, Matthew Mazza, AppFolio, APPF, stock withholding, tax obligations, restricted stock units, PSUs, RSUs, Class A Common Stock
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