Walker Jonathan 4
4 · APPFOLIO INC · Filed Nov 14, 2022
Insider Transaction Report
Form 4
APPFOLIO INCAPPF
Walker Jonathan
DirectorChief Technology Officer
Transactions
- Tax Payment
Class A Common Stock
2022-11-10$120.71/sh−480$57,941→ 26,348 total
Holdings
- 606,447(indirect: By Trust)
Class A Common Stock
- 26,925(indirect: By Trust)
Class B Common Stock
Exercise: $0.00→ Class A Common Stock (26,925 underlying) - 7,194
Class B Common Stock
Exercise: $0.00→ Class A Common Stock (7,194 underlying)
Footnotes (3)
- [F1]Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on November 10, 2022 of 6.25% of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on December 13, 2021 pursuant to the Issuer's 2015 Stock Incentive Plan.
- [F2]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.
- [F3]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 that was a registered holder of shares of Class B Common Stock to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.