Eaton Timothy Mathias 4
4 · APPFOLIO INC · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
AppFolio (APPF) CFO Timothy Eaton Sells Shares for Tax Withholding
What Happened
Timothy Eaton, AppFolio’s Chief Financial Officer, had a total of 949 shares of Class A common stock withheld by the company on May 10, 2026 to satisfy tax withholding obligations tied to vested equity awards. The shares were withheld at $166.59 per share across eight withholding transactions, producing gross proceeds of $158,094. This was not an open-market sale but a routine tax-withholding disposition tied to the vesting of RSUs/PSUs.
Key Details
- Transaction date and price: May 10, 2026 at $166.59 per share (eight withholding entries: 315, 171, 160, 125, 27, 41, 35, and 75 shares).
- Total shares withheld/disposed: 949 shares; total value reported: $158,094.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: Withholdings relate to vested performance-based RSUs (PSUs) and time-based RSUs granted on various dates (including July 30, 2025; Jan 27, 2026; March 5, 2025; March 11, 2024; March 5, 2024; Nov 6, 2023; March 6, 2023) under the Issuer’s 2015 Stock Incentive Plan and 2025 Omnibus Incentive Plan (see F1–F8).
- Transaction code: F (payment of exercise price or tax liability — issuer withheld shares).
- Filing timeliness: Reported on May 12, 2026 for transactions on May 10, 2026 (filed within the normal Form 4 reporting window).
Context
This was a cashless-like internal withholding to cover tax obligations on vested equity awards, a common and routine action that should not be read as a directional bet by the insider. For retail investors, purchases are typically more informative about insider sentiment; tax-withholding dispositions like this are administrative and do not necessarily reflect the executive’s view on the company’s stock.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1]2026-05-10$166.59/sh−315$52,476→ 21,255 total - Tax Payment
Class A Common Stock
[F2]2026-05-10$166.59/sh−171$28,487→ 21,084 total - Tax Payment
Class A Common Stock
[F3]2026-05-10$166.59/sh−160$26,654→ 20,924 total - Tax Payment
Class A Common Stock
[F4]2026-05-10$166.59/sh−125$20,824→ 20,799 total - Tax Payment
Class A Common Stock
[F5]2026-05-10$166.59/sh−27$4,498→ 20,772 total - Tax Payment
Class A Common Stock
[F6]2026-05-10$166.59/sh−41$6,830→ 20,731 total - Tax Payment
Class A Common Stock
[F7]2026-05-10$166.59/sh−35$5,831→ 20,696 total - Tax Payment
Class A Common Stock
[F8]2026-05-10$166.59/sh−75$12,494→ 20,621 total
Footnotes (8)
- [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 May 10, 2026 of the performance-based restricted stock units ("PSUs") previously granted to the Reporting Person on July 30, 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 May 10, 2026 of the time-based restricted stock units ("RSUs") previously granted to the Reporting Person on January 27, 2026 pursuant to the Issuer's 2025 Omnibus 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 May 10, 2026 of the RSUs previously granted to the Reporting Person on July 30, 2025 pursuant to the Issuer's 2025 Omnibus 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 May 10, 2026 of the RSUs previously granted to the Reporting Person on March 5, 2025 pursuant to the Issuer's 2025 Omnibus 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 May 10, 2026 of the RSUs previously granted to the Reporting Person on March 11, 2024 pursuant to the Issuer's 2015 Stock 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 May 10, 2026 of the RSUs previously granted to the Reporting Person on March 5, 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 May 10, 2026 of the RSUs previously granted to the Reporting Person on November 6, 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 May 10, 2026 of the RSUs previously granted to the Reporting Person on March 6, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.