Eaton Timothy Mathias 4

What Happened
Timothy Mathias Eaton, Chief Financial Officer of AppFolio, sold a total of 2,585 shares of APPF in multiple open‑market transactions on June 12, 2026, generating about $413,788 in proceeds. The filing reports five aggregated trades: 200 shares at $154.66 ($30,932); 200 shares at $156.35 ($31,270); 200 shares at $157.41 ($31,482); 1,685 shares at $161.16 ($271,555); and 300 shares at $161.83 ($48,549). These were sales (transaction code S), which are generally routine dispositions rather than buy signals.

Key Details

• Transaction date: 2026-06-12; Form 4 filed: 2026-06-15 (filed within the 2 business‑day SEC window).
• Individual reported trades and proceeds:
  • 200 sh @ $154.66 = $30,932 (F1: underlying trade prices ranged $154.66–$155.65)
  • 200 sh @ $156.35 = $31,270 (F2: range $155.95–$156.94)
  • 200 sh @ $157.41 = $31,482 (F3: range $157.39–$158.38)
  • 1,685 sh @ $161.16 = $271,555 (F4: range $160.63–$161.62)
  • 300 sh @ $161.83 = $48,549 (F5: range $161.76–$162.75)
• Total: 2,585 shares sold for ≈ $413,788.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: each reported price is a weighted average for multiple trades; the reporting person will provide trade-level details to the SEC or issuer on request.
• No option exercises, awards, gifts, or 10b5-1 plan noted in the supplied data.

Context: This filing documents open‑market sales by an executive. Such sales can reflect routine diversification or liquidity needs and are not, by themselves, evidence of company outlook. There is no indication in the provided excerpt of derivative activity or other non‑routine transactions.