Form 4: Klaus Schauser Reports Changes in Beneficial Ownership of AppFolio Inc. (APPF)

Klaus Schauser, a director and 10% owner of AppFolio Inc., reports changes in beneficial ownership, including the acquisition of Class A Common Stock and Class B Common Stock through a family trust.

Summary

• On June 25, 2024, Klaus Schauser reported changes in his beneficial ownership of AppFolio Inc. securities.
• The transactions involved Class A Common Stock and Class B Common Stock.
• Schauser acquired 505,000 shares of Class A Common Stock at $0 per share.
• He also indirectly holds 2,869,585 shares of Class A Common Stock through the 1206 Family Trust.
• The shares are held by the 1206 Family Trust, where Schauser and his spouse serve as co-trustees.
• Each share of Class B Common Stock is convertible into one share of Class A Common Stock.
• The Class B Common Stock will automatically convert into Class A Common Stock under certain conditions, such as transfer or when Class B shares represent less than 10% of the total outstanding shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence for publicly traded companies.

Key Dates