0000899243-24-000178.txt : 20240312 0000899243-24-000178.hdr.sgml : 20240312 20240312215933 ACCESSION NUMBER: 0000899243-24-000178 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240308 FILED AS OF DATE: 20240312 DATE AS OF CHANGE: 20240312 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BLISS TIMOTHY K CENTRAL INDEX KEY: 0000938332 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37468 FILM NUMBER: 24744484 MAIL ADDRESS: STREET 1: P O BOX 50440 CITY: SANTA BARBARA STATE: CA ZIP: 93150 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: APPFOLIO INC CENTRAL INDEX KEY: 0001433195 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 260359894 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 70 CASTILIAN DRIVE CITY: SANTA BARBARA STATE: CA ZIP: 93117 BUSINESS PHONE: 8053646047 MAIL ADDRESS: STREET 1: 70 CASTILIAN DRIVE CITY: SANTA BARBARA STATE: CA ZIP: 93117 4 1 doc4.xml FORM 4 SUBMISSION X0508 4 2024-03-08 0 0001433195 APPFOLIO INC APPF 0000938332 BLISS TIMOTHY K C/O PARTNERS FUND 1485 E. VALLEY ROAD SUITE F SANTA BARBARA CA 93150 1 0 0 0 0 Class A Common Stock 2024-03-08 4 S 0 744 226.52 D 75010 D Class A Common Stock 2024-03-08 4 S 0 8145 227.55 D 66865 D Class A Common Stock 2024-03-08 4 S 0 1111 228.14 D 65754 D Class A Common Stock 2024-03-08 4 S 0 4684 228.13 D 61070 D Class A Common Stock 2024-03-11 4 S 0 8910 227.18 D 52160 D Class A Common Stock 2024-03-11 4 S 0 1090 227.70 D 51070 D Class A Common Stock 2024-03-12 4 S 0 9400 222.27 D 41670 D Class A Common Stock 2024-03-12 4 S 0 8756 223.20 D 32914 D Class A Common Stock 2024-03-12 4 S 0 13992 224.24 D 18922 D Class A Common Stock 2024-03-12 4 S 0 5123 225.02 D 13799 D Class A Common Stock 2024-03-12 4 S 0 944 226.78 D 12855 D Class A Common Stock 2024-03-12 4 S 0 1959 227.62 D 10896 D Class A Common Stock 2024-03-12 4 S 0 142 228.32 D 10754 D Class A Common Stock 39655 I By Family Trust Class B Common Stock 0.00 Class A Common Stock 517290 D Class B Common Stock 0.00 Class A Common Stock 446000 I By Family Trust Class B Common Stock 0.00 Class A Common Stock 40000 I See footnote This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $225.96 to $226.91, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $226.99 to $227.98, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $228.00 to $228.29, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price reflects the weighted average price at which these shares were sold. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price. This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $226.60 to $227.60, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $227.61 to $228.10, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $221.72 to $222.69, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $222.72 to $223.72, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $223.72 to $224.64, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $224.73 to $225.52, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $226.03 to $227.02, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $227.04 to $228.02, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $228.12 to $228.75, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Each Class B Share is convertible, at any time at the option of the holder, into one share of the Issuer's Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one-for-one basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in the Issuer's Amended and Restated Certificate of Incorporation). (Continued from Footnote 14) The Issuer's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one-for-one basis, on the date when the number of the Issuer's outstanding Class B Shares represents less than 10% of the sum of its outstanding Class A Shares and Class B Shares. These Class B Shares are held in two limited partnerships, of which the Report Person acts as manager. The Reporting Person maintains sole voting and dispositive power over these Class B Shares. The Reporting Person disclaims any beneficial ownership over these shares except to the extent of his pecuniary interest therein. /s/ Timothy K. Bliss 2024-03-12