AppFolio (APPF) amends Diya Jolly filing with no ownership change
Rhea-AI Filing Summary
APPFOLIO INC (APPF) filed an amended Form 3 to update how director Diya Jolly’s initial beneficial ownership is recorded. The amendment switches the filing to use Ms. Jolly’s own CIK codes and reflects her directly as the Reporting Owner. The company states that no changes are being made to Ms. Jolly’s beneficial ownership of APPFOLIO securities.
Positive
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Negative
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Key Terms
beneficial ownership, Reporting Owner, CIK codes
3 terms
beneficial ownership financial
"reported Ms. Jolly's initial beneficial ownership using the Issuer's CIK number"
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.
Reporting Owner regulatory
"reflects her as the Reporting Owner"
CIK codes regulatory
"has been filed using Ms. Jolly's CIK codes"
FAQ
What does APPFOLIO INC (APPF) report in this Form 3/A amendment?
APPFOLIO INC reports that this Form 3/A updates Diya Jolly’s initial Form 3 to use her own CIK codes and show her as the Reporting Owner, with no change to her beneficial ownership of issuer securities.
Does the APPF Form 3/A disclose any new transactions by Diya Jolly?
No new transactions are disclosed. The amendment explicitly states that no changes are being reported to Diya Jolly’s beneficial ownership of APPFOLIO securities; it is an administrative update to reporting details only.
What role does Diya Jolly have at APPFOLIO INC (APPF) in this filing?
Diya Jolly is identified as a director of APPFOLIO INC in this Form 3/A. The filing clarifies her status as the Reporting Owner for her beneficial holdings, without altering the amount of securities attributed to her.
Why was this Form 3/A amendment for APPF necessary?
The amendment was filed because the original Form 3 used the Issuer’s CIK number. This Form 3/A instead uses Diya Jolly’s CIK codes and correctly reflects her as the Reporting Owner, while keeping her reported ownership unchanged.
AI-generated analysis. How Rhea-AI works. Not financial advice.