Insider plans $1.24M Rule 144 sale of AppFolio (APPF) shares on NASDAQ

Rhea-AI Filing Summary

AppFolio insider files to sell 6,963 common shares under Rule 144. The shares are to be sold through Morgan Stanley Smith Barney LLC on NASDAQ, with an aggregate market value of $1,242,268.83 and an approximate sale date of 02/17/2026.

The securities consist of performance stock units and restricted stock units acquired from the issuer on 02/10/2026, totaling 5,197 and 1,766 common shares, respectively, with consideration noted as non-cash (N/A). Shares outstanding for this class were reported as 24,334,816.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	6963	1242268.83	24334816	02/17/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/10/2026	Performance Stock Units	Issuer			5197	02/10/2026	N/A
Common	02/10/2026	Restricted Stock Units	Issuer			1766	02/10/2026	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the APPF Form 144 filing disclose?

The filing discloses a planned sale of 6,963 AppFolio (APPF) common shares under Rule 144. The shares have an aggregate market value of $1,242,268.83 and are expected to be sold on 02/17/2026 through Morgan Stanley Smith Barney LLC on NASDAQ.

How many APPF shares are covered by this Form 144 notice?

The notice covers a planned sale of 6,963 common shares of AppFolio (APPF). These shares are to be sold on NASDAQ through Morgan Stanley Smith Barney LLC, with the filing indicating an aggregate market value of $1,242,268.83 at the time of the notice.

What is the origin of the APPF shares being sold under Rule 144?

The APPF shares come from performance stock units and restricted stock units acquired from the issuer on 02/10/2026. The filer received 5,197 shares via performance stock units and 1,766 shares via restricted stock units, both recorded with non-cash consideration (N/A).

When are the APPF Rule 144 shares expected to be sold and on which exchange?

The filing lists an approximate sale date of 02/17/2026 for the 6,963 AppFolio (APPF) shares. The shares are planned to be sold on the NASDAQ market, using Morgan Stanley Smith Barney LLC as the broker handling the transaction.

What is the reported market value of the APPF shares in this Form 144?

The 6,963 AppFolio (APPF) common shares covered by this Form 144 have a reported aggregate market value of $1,242,268.83. This value reflects the total market worth of the shares referenced in the notice at the time of the filing data.

How many APPF shares were outstanding for this class at the time of the notice?

The filing states that 24,334,816 shares of this class of AppFolio (APPF) common stock were outstanding. This figure provides context for the 6,963 shares covered by the Rule 144 notice and represents the broader share base for this security class.