Trigg William Shane 4
4 · APPFOLIO INC · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
APPFOLIO (APPF) CEO Shane Trigg Receives Award; Shares Withheld
What Happened
AppFolio CEO Shane Trigg received 14,121 shares (performance-based restricted stock units) that vested on February 10, 2026. The grant was recorded at $188.30 per share for a gross value of $2,658,984. To satisfy tax withholding obligations, the issuer withheld 5,768 shares (disposed) at the same $188.30 price, with a total withheld value of about $1,086,115. Net shares retained by the CEO from this vesting were 8,353 shares (net value ≈ $1,572,870).
Key Details
- Transaction date: February 10, 2026. Price per share reported: $188.30.
- Award: 14,121 shares (code A) — gross value $2,658,984 (footnote F1: PSUs from Jan 29, 2025).
- Withholdings: eight separate withholding entries (code F) totaling 5,768 shares withheld to cover tax obligations (~$1,086,115). Withholdings relate to PSUs and RSUs from grants between 2021–2025 (footnotes F2–F9).
- Shares owned after the transaction: not specified in the provided filing details.
- Filing timeliness: filed Feb 12, 2026 for a Feb 10, 2026 vesting — appears timely (standard Form 4 window).
Context
- This was not an open-market sale or purchase; it was a vesting event where the company issued shares (PSUs/RSUs) and withheld a portion to satisfy taxes (common cashless/withholding settlement). Transaction codes: A = award/grant, F = shares withheld for taxes.
- Such vesting-and-withholding filings are routine executive compensation events and reflect grant fulfillment rather than a directional buy/sell decision by the insider.
Insider Transaction Report
Form 4
APPFOLIO INCAPPF
Trigg William Shane
DirectorChief Executive Officer
Transactions
- Award
Class A Common Stock
[F1]2026-02-10$188.30/sh+14,121$2,658,984→ 65,651 total - Tax Payment
Class A Common Stock
[F2]2026-02-10$188.30/sh−1,723$324,441→ 63,928 total - Tax Payment
Class A Common Stock
[F3]2026-02-10$188.30/sh−499$93,962→ 63,429 total - Tax Payment
Class A Common Stock
[F4]2026-02-10$188.30/sh−1,713$322,558→ 61,716 total - Tax Payment
Class A Common Stock
[F5]2026-02-10$188.30/sh−202$38,037→ 61,514 total - Tax Payment
Class A Common Stock
[F6]2026-02-10$188.30/sh−219$41,238→ 61,295 total - Tax Payment
Class A Common Stock
[F7]2026-02-10$188.30/sh−378$71,177→ 60,917 total - Tax Payment
Class A Common Stock
[F8]2026-02-10$188.30/sh−796$149,887→ 60,121 total - Tax Payment
Class A Common Stock
[F9]2026-02-10$188.30/sh−238$44,815→ 59,883 total
Footnotes (9)
- [F1]Consists of Class A Common Stock granted by the Issuer in connection with the vesting on February 10, 2026 of the performance-based restricted stock units ("PSUs") granted to the Reporting Person on January 29, 2025 pursuant to the Issuer's 2025 Omnibus Incentive Plan.
- [F2]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 February 10, 2026 of PSUs previously granted to the Reporting Person on January 29, 2025 pursuant to the Issuer's 2025 Omnibus Incentive Plan.
- [F3]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 February 10, 2026 of PSUs previously granted to the Reporting Person on January 24, 2024 pursuant to the Issuer's 2015 Stock Incentive Plan.
- [F4]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 February 10, 2026 of PSUs previously granted to the Reporting Person on January 25, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.
- [F5]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 February 10, 2026 of the time-based restricted stock units ("RSUs") previously granted to the Reporting Person on January 29, 2025 pursuant to the Issuer's 2025 Omnibus Incentive Plan.
- [F6]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 February 10, 2026 of RSUs previously granted to the Reporting Person on January 24, 2024 pursuant to the Issuer's 2015 Stock Incentive Plan.
- [F7]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 February 10, 2026 of RSUs previously granted to the Reporting Person on March 1, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.
- [F8]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 February 10, 2026 of RSUs previously granted to the Reporting Person on January 24, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.
- [F9]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 February 10, 2026 of RSUs previously granted to the Reporting Person on December 13, 2021 pursuant to the Issuer's 2015 Stock Incentive Plan.
Signature
/s/ Evan Pickering, as Attorney-in-Fact, for William Shane Trigg|2026-02-12