AppFolio director Yang confirms 1,559-share stake

APPFOLIO INC (APPF) reports an amended initial ownership statement for director Michael MiQi Yang.

Rhea-AI Filing Summary

APPFOLIO INC (APPF) reports an amended initial ownership statement for director Michael MiQi Yang. The amendment updates filing identifiers to reflect Mr. Yang as the reporting owner but states that no changes have been made to his beneficial ownership of the company’s securities.

The filing shows Mr. Yang holds 1,559 shares of APPFOLIO INC Class A Common Stock in a Roth IRA, reported as directly owned. No purchases, sales, or other transactions are reported in this amendment; it functions as a technical correction to the prior Form 3.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Yang Michael MiQi

Role Director

Type	Security	Shares	Price	Value
holding	Class A Common Stock F1	--	--	--

Holdings After Transaction: Class A Common Stock — 1,559 shares (Direct)

Footnotes (1)

1. F1. The Reporting Person holds 1,559 shares of Class A Common Stock in a Roth IRA.

Key Figures

Class A Common Stock holdings: 1,559 shares Holding entries reported: 1 Buy transactions: 0 +1 more

4 metrics

Class A Common Stock holdings 1,559 shares Shares of APPFOLIO INC Class A Common Stock held by Michael Yang in a Roth IRA

Holding entries reported 1 Number of holding entries for non-derivative securities in the Form 3/A

Buy transactions 0 Number of reported buy transactions in the transaction summary

Sell transactions 0 Number of reported sell transactions in the transaction summary

Key Terms

Form 3/A, beneficial ownership, Roth IRA

3 terms

Form 3/A regulatory

"This Form 3/A amends the Form 3 filed on July 1, 2026"

An amended Form 3 (Form 3/A) is a corrected or updated disclosure filed with regulators that revises an insider’s initial report of their ownership in a public company — typically for officers, directors or large shareholders. Investors use it like a corrected inventory list: it clarifies who owns how many shares and whether earlier reports had errors, helping assess insider confidence, possible conflicts and the accuracy of ownership records that can affect stock valuation and trust.

beneficial ownership financial

"No changes have been made or are being reported with respect to Mr. Yang's beneficial ownership"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Roth IRA financial

"The Reporting Person holds 1,559 shares of Class A Common Stock in a Roth IRA"

A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.

FAQ

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

What does the Form 3/A filing disclose about APPF (AppFolio Inc) director Michael Yang?

The Form 3/A shows that director Michael MiQi Yang beneficially owns 1,559 shares of APPFOLIO INC Class A Common Stock, held in a Roth IRA. It amends his initial ownership filing without changing the reported holdings.

Did Michael Yang change his share ownership in APPF in this Form 3/A amendment?

No, the amendment reports no changes in Michael Yang’s beneficial ownership of APPFOLIO INC securities. It only updates administrative filer details while keeping his holdings at 1,559 Class A shares in a Roth IRA.

How many APPF Class A shares does Michael Yang hold according to this Form 3/A?

Michael Yang is reported to hold 1,559 shares of APPFOLIO INC Class A Common Stock. A footnote explains these 1,559 shares are held in a Roth IRA and are categorized as directly owned.

What is the purpose of this APPF Form 3/A amendment for Michael Yang?

The Form 3/A serves as a technical correction, re-filing Michael Yang’s initial ownership statement under his own CIK codes. The company states that no changes are being reported to his beneficial ownership of APPFOLIO INC securities.

Does the APPF Form 3/A report any insider buying or selling by Michael Yang?

No, the Form 3/A does not report any buying or selling activity. It lists only a holding entry of 1,559 Class A shares and clarifies that there are no changes to Michael Yang’s beneficial ownership versus the original Form 3.

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

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Accepted by SEC EDGAR 08/18/2026 - 06:29 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Yang Michael MiQi

(Last) (First) (Middle)

70 CASTILIAN DRIVE

(Street)

SANTA BARBARA CALIFORNIA 93117

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
06/29/2026

3. Issuer Name and Ticker or Trading Symbol
APPFOLIO INC [ APPF ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)
07/01/2026

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	1,559(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person holds 1,559 shares of Class A Common Stock in a Roth IRA.

Remarks:

This Form 3/A amends the Form 3 filed on July 1, 2026, which reported Mr. Yang's initial holdings using the Issuer's CIK number while pending receipt of Mr. Yang's new filer CIK codes. This Form 3/A has been filed using Mr. Yang's CIK codes and reflects him as the Reporting Owner. No changes have been made or are being reported with respect to Mr. Yang's beneficial ownership of Issuer securities.

	/s/ Heather Peterson, as Attorney-in-Fact for Michael MiQi Yang	08/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)