Pickering Evan 4
4 · APPFOLIO INC · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
AppFolio (APPF) GC Evan Pickering Receives Award; Shares Withheld
What Happened
Evan Pickering, General Counsel of AppFolio, received 2,648 shares of Class A common stock on February 10, 2026 in connection with vested performance-based restricted stock units (PSUs) and/or restricted stock units (RSUs). The grant price reported was $188.30 per share, giving a gross value of about $498,618. To satisfy minimum tax-withholding obligations, AppFolio withheld a total of 547 shares (358 + 27 + 39 + 64 + 59) valued at about $103,000, leaving Pickering with a net 2,101 shares worth roughly $395,618.
Key Details
- Transaction date: February 10, 2026; filing date: February 12, 2026 (filed timely).
- Price per share reported: $188.30.
- Gross shares granted/acquired: 2,648 (code A — award/grant).
- Shares withheld for taxes (code F — tax withholding): 547 shares (358, 27, 39, 64, 59), total withheld value ≈ $103,000.
- Net shares retained after withholding: 2,101 (net value ≈ $395,618).
- Shares owned after the transaction: Not specified in the provided filing details.
- Footnotes: Vesting relates to PSUs granted Jan 29, 2025 and multiple RSU grants (Jan 28, 2025; Mar 5, 2024; Mar 6, 2023; Feb 9, 2022) under the issuer’s omnibus and stock incentive plans (see F1–F6). Withheld shares were used solely to satisfy tax obligations, not open-market sales.
Context
This was a compensation vesting event (PSUs/RSUs) rather than an open-market buy or voluntary sale. The withholding of shares to cover taxes is routine (cashless withholding) and reported with code F; the acquisition itself is reported with code A. Such awards increase insider ownership but typically reflect compensation, not a direct signal of a personal buy or sell decision.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-02-10$188.30/sh+2,648$498,618→ 8,027 total - Tax Payment
Class A Common Stock
[F2]2026-02-10$188.30/sh−358$67,411→ 7,669 total - Tax Payment
Class A Common Stock
[F3]2026-02-10$188.30/sh−27$5,084→ 7,642 total - Tax Payment
Class A Common Stock
[F4]2026-02-10$188.30/sh−39$7,344→ 7,603 total - Tax Payment
Class A Common Stock
[F5]2026-02-10$188.30/sh−64$12,051→ 7,539 total - Tax Payment
Class A Common Stock
[F6]2026-02-10$188.30/sh−59$11,110→ 7,480 total
Footnotes (6)
- [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 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 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.
- [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 RSUs previously granted to the Reporting Person on March 5, 2024 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 RSUs previously granted to the Reporting Person on March 6, 2023 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 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.