Casey Saori 4

What Happened

Casey Saori, a director of AppFolio, Inc. (APPF), was granted 1,110 restricted stock units (RSUs) on June 29, 2026. The grant is recorded at $0.00 per share (typical for RSU awards); the RSUs vest 100% on the first anniversary of the grant date.

This is an equity award (not an open‑market purchase or sale), which is a routine form of director compensation rather than a direct purchase that signals immediate personal investment.

Key Details

• Transaction date: 2026-06-29; Form 4 filed: 2026-07-01. The filing shows the grant date and was submitted shortly after the transaction.
• Grant: 1,110 RSUs; reported price: $0.00 (awarded).
• Vesting: 100% vests on the first anniversary of the grant (per footnote).
• Shares owned after transaction: not specified in the filing.
• Footnote: Award is the annual director grant under the 2025 Omnibus Incentive Plan.
• No indication in the filing of a 10b5-1 plan, tax withholding, or late filing.

Context

RSUs are time‑based awards that convert into company shares if the holder remains employed/serves through the vesting date; their ultimate value depends on APPF’s share price at vesting. Grants to non-employee directors are common and part of regular compensation, so they do not by themselves indicate a personal buy or sell signal.