Casey Saori 4

What Happened
Casey Saori, a director of AppFolio, Inc. (APPF), received a grant of 1,248 restricted stock units (RSUs) on February 12, 2026. The grant price is reported as $0.00 (typical for RSU awards), so no cash changed hands at grant. These RSUs vest 100% on the first anniversary of the grant date.

Key Details

• Transaction date: 2026-02-12; reported on Form 4 filed 2026-02-17 (filed within the SEC two-business-day window given the Feb 16 federal holiday).
• Award: 1,248 RSUs granted at $0.00 (acquisition code A). Total reported value at grant: $0.
• Shares owned after transaction: not specified in the filing.
• Footnote: RSUs were granted under the issuer’s 2025 Omnibus Incentive Plan and vest 100% one year after the grant (per footnote F1).
• No indication of tax withholding, sale, or 10b5-1 plan in this filing.

Context: RSU grants are a form of compensation, not an immediate market buy or sell. They become actual shares (and potentially sellable) only if/when they vest and any tax withholding is satisfied. Such awards are routine for executives and directors and do not by themselves indicate a near-term trading signal.