0000950170-24-071553.txt : 20240610 0000950170-24-071553.hdr.sgml : 20240610 20240610202002 ACCESSION NUMBER: 0000950170-24-071553 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240606 FILED AS OF DATE: 20240610 DATE AS OF CHANGE: 20240610 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: 241034422 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 ownership.xml 4 X0508 4 2024-06-06 0001433195 APPFOLIO INC APPF 0000938332 BLISS TIMOTHY K C/O PARTNERS FUND 1485 E. VALLEY ROAD SUITE F SANTA BARBARA CA 93150 true false false false false Class A Common Stock 2024-06-06 4 S false 29898 231.84 D 70102 D Class A Common Stock 2024-06-06 4 S false 6639 233.04 D 63463 D Class A Common Stock 2024-06-06 4 S false 3904 233.86 D 59559 D Class A Common Stock 2024-06-06 4 S false 1289 234.92 D 58270 D Class A Common Stock 2024-06-07 4 S false 2760 229.45 D 55510 D Class A Common Stock 2024-06-07 4 S false 2240 230.34 D 53270 D Class A Common Stock 2024-06-10 4 S false 3049 230.14 D 50221 D Class A Common Stock 2024-06-10 4 S false 8277 231.21 D 41944 D Class A Common Stock 2024-06-10 4 S false 3328 231.97 D 38616 D Class A Common Stock 2024-06-10 4 S false 346 232.80 D 38270 D Class B Common Stock 0.00 Class A Common Stock 417290 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 $231.48 to $232.42, 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 $232.50 to $233.48, 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 $233.50 to $234.48, 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 $234.54 to $235.24, 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 $229.00 to $229.99, 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 $230.03 to $230.73, 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 $229.57 to $230.55, 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 $230.60 to $231.59, 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 $231.60 to $232.58, 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 $232.77 to $233.01, 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 share of the Issuer's Class B Common Stock ("Class B Share") is convertible, at any time at the option of the holder, into one share of the Issuer's Class A Common Stock ("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 11) 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 2024-06-10