Randall Jason Robert 4
4 · APPFOLIO INC · Filed Jan 29, 2018
Insider Transaction Report
Form 4
APPFOLIO INCAPPF
Randall Jason Robert
SVP, AppFolio Property Manager
Transactions
- Sale
Class B Common Stock
2018-01-26$43.00/sh−25,000$1,075,000→ 47,500 total(indirect: By Trust)
Footnotes (4)
- [F1]These shares were sold in a privately negotiated transaction with certain existing stockholders and did not involve any open market transaction.
- [F2]Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, except for any transfers by (i) a partnership or limited liability company prior to June 30, 2015, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation.
- [F3]All of the outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share-for-one share basis, on the date when the number of the Company's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.
- [F4]The shares of Class B Common reported on the table above are held by the Jason R Randall & Christina L Walman Revocable Trust Dated 06/01/17 of which Mr. Randall is a Trustee.