Form 4: Maurice J. Duca Reports Changes in Beneficial Ownership of AppFolio Inc. Shares

Maurice J. Duca, a director of AppFolio Inc., reported a transaction involving Class A Common Stock on October 29, 2024, resulting in adjustments to his beneficial ownership.

Summary

• On October 29, 2024, Maurice J. Duca, a director of AppFolio Inc., filed a Form 4 to report changes in his beneficial ownership of the company's Class A Common Stock.
• A total of 4,604 Class A Shares were transferred from a pension trust, where Duca is the sole trustee, to a third party's Individual Retirement Account for no consideration.
• This transaction reduced the number of Class A Shares owned by the pension trust to 39,433.
• Duca also indirectly owns shares through IGSB Gaucho Fund I, LLC (142,857 shares) and IGSB Cardinal Core BV, LLC (9,805 shares), where he serves as the managing member but disclaims beneficial ownership except for any pecuniary interest.
• Duca directly owns 9,388 Class A Common Stock shares.
• Duca indirectly owns 4,969 Class A Common Stock shares through a family trust.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of company executives and directors.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.

Key Dates