AppFolio Form 4 / Alexander Wolf ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Wolf Alexander

(Last)

(First)

(Middle)

P.O. BOX 50440

(Street)

SANTA BARBARA

93150

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
APPFOLIO INC [ APPF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	02/13/2025		P		520	A	$215.73⁽¹⁾	520⁽²⁾	I	2021 Hume Sibling Trust
Class A Common Stock	02/13/2025		P		914	A	$214.29⁽³⁾	1,434⁽²⁾	I	2021 Hume Sibling Trust
Class A Common Stock	02/13/2025		P		1,143	A	$214.29⁽³⁾	1,143⁽⁴⁾	I	2021 Wolf Ancestor Trust
Class A Common Stock	02/13/2025		P		649	A	$215.73⁽¹⁾	1,792⁽⁴⁾	I	2021 Wolf Ancestor Trust
Class A Common Stock	02/13/2025		P		2,057	A	$214.29⁽³⁾	2,057⁽⁵⁾	I	2021 Wolf Descendants Trust
Class A Common Stock	02/13/2025		P		1,169	A	$215.73⁽¹⁾	3,226⁽⁵⁾	I	2021 Wolf Descendants Trust
Class A Common Stock	02/13/2025		P		1,143	A	$214.29⁽³⁾	1,143⁽⁶⁾	I	2021 Hume Ancestor Trust
Class A Common Stock	02/13/2025		P		649	A	$215.73⁽¹⁾	1,792⁽⁶⁾	I	2021 Hume Ancestor Trust
Class A Common Stock	02/13/2025		P		914	A	$214.29⁽³⁾	914⁽⁷⁾	I	2021 Wolf Sibling Trust
Class A Common Stock	02/13/2025		P		520	A	$215.73⁽¹⁾	1,434⁽⁷⁾	I	2021 Wolf Sibling Trust
Class A Common Stock	02/14/2025		P		239	A	$215.3⁽⁸⁾	1,673⁽²⁾	I	2021 Hume Sibling Trust
Class A Common Stock	02/14/2025		P		327	A	$216.05⁽⁹⁾	2,000⁽²⁾	I	2021 Hume Sibling Trust
Class A Common Stock	02/14/2025		P		299	A	$215.3⁽⁸⁾	2,091⁽⁴⁾	I	2021 Wolf Ancestor Trust
Class A Common Stock	02/14/2025		P		409	A	$216.05⁽⁹⁾	2,500⁽⁴⁾	I	2021 Wolf Ancestor Trust
Class A Common Stock	02/14/2025		P		537	A	$215.3⁽⁸⁾	3,763⁽⁵⁾	I	2021 Wolf Descendants Trust
Class A Common Stock	02/14/2025		P		737	A	$216.05⁽⁹⁾	4,500⁽⁵⁾	I	2021 Wolf Descendants Trust
Class A Common Stock	02/14/2025		P		299	A	$215.3⁽⁸⁾	2,091⁽⁶⁾	I	2021 Hume Ancestor Trust
Class A Common Stock	02/14/2025		P		409	A	$216.05⁽⁹⁾	2,500⁽⁶⁾	I	2021 Hume Ancestor Trust
Class A Common Stock	02/14/2025		P		239	A	$215.3⁽⁸⁾	1,673⁽⁷⁾	I	2021 Wolf Sibling Trust
Class A Common Stock	02/14/2025		P		327	A	$216.05⁽⁹⁾	2,000⁽⁷⁾	I	2021 Wolf Sibling Trust
Class A Common Stock								182,584	I	LWAW Revocable Trust⁽¹⁰⁾
Class A Common Stock								2,000	I	2005 Hume Children's Trust⁽¹¹⁾
Class A Common Stock								23,000	I	2012 Children's Trust⁽¹²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction was executed in multiple trades with sales prices ranging from $215.03 to $215.98. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

2. These shares are directly owned by the Hume Sibling's Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust.

3. This transaction was executed in multiple trades with sales prices ranging from $213.78 to $214.53. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

4. These shares are directly owned by the Wolf Ancestor's Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust.

5. These shares are directly owned by the Wolf Descendants' Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust.

6. These shares are directly owned by the Hume Ancestor's Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust.

7. These shares are directly owned by the Wolf Sibling's Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust.

8. This transaction was executed in multiple trades with sales prices ranging from $214.81 to $215.80. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

9. This transaction was executed in multiple trades with sales prices ranging from $215.86 to $216.29. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

10. The shares of Class A Common Stock reported on the table above are held by the LWAW Revocable Trust, dated 7/14/17, of which the reporting person and his spouse are the trustees.

11. These shares are directly owned by the George H Hume Children's Trust dated 1/1/2005 FBO L Hume. The reporting person is an investment advisor to that trust and in that capacity may be deemed to have voting and dispositive power over such shares.

12. These shares are directly owned by the Hume 2012 Irrevocable Children's Trust, dated 11/19/12. The reporting person is an investment advisor to that trust and in that capacity may be deemed to have voting and dispositive power over such shares.

Remarks:

	/s/ Evan Pickering as Attorney-in-Fact for Alexander R. Wolf	02/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

AppFolio (APPF) Form 4APPFOLIO / Alexander Wolf ownership change