Barat Elizabeth Erin 4
4 · APPFOLIO INC · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
AppFolio (APPF) CPO Erin Barat Receives 7,062 Shares; Tax Withholding
What Happened
- Erin Barat, Chief People Officer of AppFolio, received 7,062 shares of Class A common stock on February 10, 2026 as the vesting of performance-based restricted stock units (PSUs). The grant value at the reported price ($188.30) is $1,329,775.
- To satisfy minimum tax-withholding obligations related to that vesting and prior PSU/RSU grants, the issuer withheld 1,612 shares (reported as disposals) at $188.30 each, totaling about $303,540. These withholdings are routine tax payments, not open-market sales.
Key Details
- Transaction date: February 10, 2026. Report filed February 12, 2026 (timely).
- Price used for reporting: $188.30 per share.
- Award received: 7,062 shares (code A — award/grant).
- Shares withheld for taxes: 1,612 shares total (multiple disposals, code F — tax withholding), listed in nine separate withholdings.
- Footnotes: Vesting relates to PSUs granted Jan 29, 2025 (primary award) and withholding covers PSUs/RSUs from grants on Jan 29, 2025; Jan 28, 2025; Jan 24, 2024; Jan 23, 2024; Apr 25, 2023; Jan 25, 2023; Jan 24, 2023; and Feb 9, 2022 per the filing.
- Shares owned after the transaction: not specified in the provided excerpt of the Form 4.
- Timeliness: Filing appears timely (filed two days after the vesting date).
Context
- This was a vesting/award event (not an open-market buy or sell). The withheld shares were used solely to satisfy tax obligations — a common “net settlement” or share-withholding process that reduces the net shares issued to the executive.
- Transaction codes: A = award/grant; F = payment of exercise price or tax liability (here used for share withholding). This filing does not indicate discretionary selling by the insider.
Insider Transaction Report
Form 4
APPFOLIO INCAPPF
Barat Elizabeth Erin
Chief People Officer
Transactions
- Award
Class A Common Stock
[F1]2026-02-10$188.30/sh+7,062$1,329,775→ 26,379 total - Tax Payment
Class A Common Stock
[F2]2026-02-10$188.30/sh−883$166,269→ 25,496 total - Tax Payment
Class A Common Stock
[F3]2026-02-10$188.30/sh−191$35,965→ 25,305 total - Tax Payment
Class A Common Stock
[F4]2026-02-10$188.30/sh−130$24,479→ 25,175 total - Tax Payment
Class A Common Stock
[F5]2026-02-10$188.30/sh−72$13,558→ 25,103 total - Tax Payment
Class A Common Stock
[F6]2026-02-10$188.30/sh−103$19,395→ 25,000 total - Tax Payment
Class A Common Stock
[F6]2026-02-10$188.30/sh−78$14,687→ 24,922 total - Tax Payment
Class A Common Stock
[F7]2026-02-10$188.30/sh−62$11,675→ 24,860 total - Tax Payment
Class A Common Stock
[F8]2026-02-10$188.30/sh−61$11,486→ 24,799 total - Tax Payment
Class A Common Stock
[F9]2026-02-10$188.30/sh−32$6,026→ 24,767 total
Footnotes (9)
- [F1]Consists of Class A Common Stock granted by the Issuer in connection with the vesting on February 10, 2026 of the performance-based restricted stock units ("PSUs") granted to the Reporting Person on January 29, 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 February 10, 2026 of the PSUs previously granted to the Reporting Person on January 29, 2025 pursuant to the Issuer's 2025 Omnibus Incentive 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 February 10, 2026 of the PSUs previously granted to the Reporting Person on January 24, 2024 pursuant to the Issuer's 2015 Stock Incentive 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 February 10, 2026 of the PSUs previously granted to the Reporting Person on January 25, 2023 pursuant to the Issuer's 2015 Stock Incentive 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 February 10, 2026 of the time-based restricted stock units ("RSUs") previously granted to the Reporting Person on January 28, 2025 pursuant to the Issuer's 2025 Omnibus 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 February 10, 2026 of the RSUs previously granted to the Reporting Person on January 23, 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 February 10, 2026 of the RSUs previously granted to the Reporting Person on April 25, 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 February 10, 2026 of the RSUs previously granted to the Reporting Person on January 24, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.
- [F9]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 February 10, 2026 of the RSUs previously granted to the Reporting Person on February 9, 2022 pursuant to the Issuer's 2015 Stock Incentive Plan.
Signature
/s/ Evan Pickering, as Attorney-in-Fact, for Elizabeth E. Barat|2026-02-12