Form 4: AppFolio's Chief People Officer, Elizabeth Barat, Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Elizabeth Barat, Chief People Officer of AppFolio, disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 10, 2025, Elizabeth Barat, Chief People Officer of AppFolio, disposed of Class A Common Stock to satisfy tax withholding obligations.
- The shares were withheld by the issuer in connection with the vesting of performance-based restricted stock units (PSUs) and time-based restricted stock units (RSUs).
- The transactions involved shares related to PSUs granted on January 24, 2024, and January 25, 2023, as well as RSUs granted on January 23, 2024, April 25, 2023, January 24, 2023, February 9, 2022 and January 28, 2025.
- The prices at which the shares were withheld were $223.08 and $214.29.
- Following these transactions, Barat directly owns 22,608 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider transactions, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2022-02-09 | Date of RSU grant related to transaction. |
| 2023-01-24 | Date of RSU grant related to transaction. |
| 2023-01-25 | Date of PSU grant related to transaction. |
| 2023-04-25 | Date of RSU grant related to transaction. |
| 2024-01-23 | Date of RSU grant related to transaction. |
| 2024-01-24 | Date of PSU grant related to transaction. |
| 2025-01-28 | Date of RSU grant related to transaction. |
| 2025-05-10 | Date of transaction (disposal of shares). |
| 2025-05-12 | Date of signature on the form. |
Keywords
Form 4, Beneficial Ownership, APPF, AppFolio, Elizabeth Barat, Chief People Officer, Stock Options, Restricted Stock Units, Tax Withholding
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