Trigg William Shane 4
4 · APPFOLIO INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
AppFolio (APPF) CEO William Trigg Sells 6,963 Shares
What Happened
Trigg William Shane (CEO) sold a total of 6,963 shares of AppFolio (APPF) in open-market transactions executed on February 17, 2026. The sales generated aggregate proceeds of approximately $1,181,858 — an overall weighted-average price of about $169.73 per share. The trades were reported on a Form 4 filed February 19, 2026.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (appears within the 2-business-day reporting window).
- Shares sold: 6,963 shares total; proceeds ≈ $1,181,858; weighted-average ≈ $169.73/share.
- Sale type: Open-market sales (SEC code S).
- Reported as multiple grouped trades with weighted-average prices; individual trade price ranges noted in footnotes: $166.60–$179.29 across the various groups (see F1–F11).
- Shares owned after the transactions: Not specified in the provided excerpt of the filing — check the full Form 4 for post-transaction holdings.
- No indication in the provided data of option exercises, awards, gifts, or 10b5-1 plan language.
Context
These were sales (often routine diversification or liquidity moves) rather than purchases, so they are not a direct bullish signal. For a fuller picture, retail investors should review the full Form 4 to confirm post-sale ownership, any related plans (e.g., 10b5‑1), and the director/officer’s historical trading pattern. Purchases generally carry more interpretive weight for insider sentiment than routine sales.
Insider Transaction Report
Form 4
APPFOLIO INCAPPF
Trigg William Shane
DirectorChief Executive Officer
Transactions
- Sale
Class A Common Stock
[F1]2026-02-17$167.04/sh−320$53,453→ 59,563 total - Sale
Class A Common Stock
[F2]2026-02-17$168.21/sh−1,999$336,252→ 57,564 total - Sale
Class A Common Stock
[F3]2026-02-17$168.98/sh−2,102$355,196→ 55,462 total - Sale
Class A Common Stock
[F4]2026-02-17$170.12/sh−1,382$235,106→ 54,080 total - Sale
Class A Common Stock
[F5]2026-02-17$170.86/sh−160$27,338→ 53,920 total - Sale
Class A Common Stock
[F6]2026-02-17$172.25/sh−240$41,340→ 53,680 total - Sale
Class A Common Stock
[F7]2026-02-17$173.22/sh−120$20,786→ 53,560 total - Sale
Class A Common Stock
[F8]2026-02-17$174.59/sh−399$69,661→ 53,161 total - Sale
Class A Common Stock
[F9]2026-02-17$175.10/sh−1$175→ 53,160 total - Sale
Class A Common Stock
[F10]2026-02-17$176.29/sh−120$21,155→ 53,040 total - Sale
Class A Common Stock
[F11]2026-02-17$178.30/sh−120$21,396→ 52,920 total
Footnotes (11)
- [F1]This transaction was executed in multiple trades with sales prices ranging from $166.60 to $167.59. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
- [F10]This transaction was executed in multiple trades with sales prices ranging from $176.20 to $177.19. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
- [F11]This transaction was executed in multiple trades with sales prices ranging from $178.30 to $179.29. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
- [F2]This transaction was executed in multiple trades with sales prices ranging from $167.63 to $168.62. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
- [F3]This transaction was executed in multiple trades with sales prices ranging from $168.63 to $169.62. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
- [F4]This transaction was executed in multiple trades with sales prices ranging from $169.65 to $170.64. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
- [F5]This transaction was executed in multiple trades with sales prices ranging from $170.66 to $171.65. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
- [F6]This transaction was executed in multiple trades with sales prices ranging from $171.93 to $172.92. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
- [F7]This transaction was executed in multiple trades with sales prices ranging from $173.03 to $174.02. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
- [F8]This transaction was executed in multiple trades with sales prices ranging from $174.09 to $175.08. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
- [F9]This transaction was executed in multiple trades with sales prices ranging from $175.10 to $176.09. The price reported above reflects the weighted average sales price for the cumulative trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.
Signature
/s/ Evan Pickering, as Attorney-in-Fact, for William Shane Trigg|2026-02-19