APPF: Form 144 lists 2,585-unit proposed sale

Morgan Stanley Smith Barney LLC Executive Financial Services reported a proposed sale of 2,585 equity units in a Form 144 notice.

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC Executive Financial Services reported a proposed sale of 2,585 equity units in a Form 144 notice. The filing lists Restricted Stock Units (1,040) and Performance Stock Units (1,545) dated 02/10/2026, with the filing marked 06/12/2026 and the exchange NASDAQ.

Insights

Equity Compensation Analyst

Listing of RSUs and PSUs for potential sale; routine Section 144 disclosure.

This Form 144 lists 1,040 Restricted Stock Units and 1,545 Performance Stock Units (total 2,585 units) with grant/vesting date 02/10/2026. The filing indicates proposed sale activity under resale notice procedures.

Cash treatment is shown for the performance units and 06/12/2026 is the filing date; specific transaction mechanics and purchaser details are not included in the excerpt.

Key Figures

Total units listed: 2,585 units Restricted Stock Units: 1,040 units Performance Stock Units: 1,545 units +4 more

7 metrics

Total units listed 2,585 units aggregate of listed RSUs and PSUs in the Form 144 excerpt

Restricted Stock Units 1,040 units Restricted Stock Units dated <date>02/10/2026</date>

Performance Stock Units 1,545 units Performance Stock Units dated <date>02/10/2026</date>

Form type / filing date Form 144 filed 06/12/2026 Form 144 notice date shown in the excerpt

Exchange NASDAQ Exchange listed in the excerpt

Monetary figure shown 412,772.80 numeric field present in the excerpt (label not explicit)

Monetary figure shown 24,028,908 numeric field present in the excerpt (label not explicit)

Key Terms

Restricted Stock Units, Performance Stock Units, Form 144

3 terms

Restricted Stock Units financial

"Restricted Stock Units | Issuer | 1,040 | 02/10/2026"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Performance Stock Units financial

"Performance Stock Units | Issuer | 1,545 | 02/10/2026 | Cash"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

Form 144 regulatory

"Form 144 (header) and securities to be sold lines"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does APPF's Form 144 disclose about the securities to be sold?

It discloses a proposed sale of 2,585 units consisting of 1,040 RSUs and 1,545 PSUs. The filing shows grant/vesting date 02/10/2026 and the Form 144 filing date 06/12/2026NASDAQ.

Who is listed as the filer on the APPF Form 144?

The filer is listed as Morgan Stanley Smith Barney LLC Executive Financial Services. The record shows the broker/dealer address and the exchange noted as NASDAQ in the excerpt provided.

Are the listed performance units payable in cash or stock for APPF?

The excerpt labels the Performance Stock Units (1,545) with Cash treatment. Restricted Stock Units are shown as N/A for cash labeling in this excerpt.

Does the Form 144 excerpt state when these units were granted or vested?

Yes; both security lines show the date 02/10/2026, which is presented as the relevant grant/vesting date for the RSUs and PSUs in the provided excerpt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/12/2026 - 04:44 PM EDT Learn about SEC filing dates

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	0002043379
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	AppFolio, Inc.
SEC File Number	001-37468
Address of Issuer	70 Castilian Drive Santa Barbara CALIFORNIA 93117
Phone	8053646093
Name of Person for Whose Account the Securities are To Be Sold	TIMOTHY EATON
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	Officer

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	2585	412772.80	24028908	06/12/2026	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	Restricted Stock Units	Issuer			1040	02/10/2026	N/A
Common	02/10/2026	Performance Stock Units	Issuer			1545	02/10/2026	Cash

* 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	The securities to be sold were acquired upon the vesting of restricted stock units during the period of 2/10/2026 through 5/10/2026
Date of Notice	06/12/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	03/13/2026
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	/s/ Timothy Mathias Eaton
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)