AppFolio (APPF) CFO receives 5,354 RSUs under 2025 incentive plan

Rhea-AI Filing Summary

AppFolio Inc. reported an equity grant to its Chief Financial Officer. On January 27, 2026, CFO Timothy Mathias Eaton received 5,354 shares of Class A Common Stock as time-based restricted stock units (RSUs) at a price of $0 per share under the 2025 Omnibus Incentive Plan.

The RSUs vest over four years, with 1/16 of the grant vesting quarterly beginning May 10, 2026, aligning compensation with long-term performance. Following this grant, Eaton beneficially owns 15,458 shares of AppFolio Class A Common Stock in direct ownership.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Eaton Timothy Mathias

(Last) (First) (Middle)

70 CASTILIAN DRIVE

(Street)

SANTA BARBARA CA 93117

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/27/2026		A		5,354(1)	A	$0	15,458	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a grant of time-based restricted stock units ("RSUs") granted pursuant to the Issuer's 2025 Omnibus Incentive Plan. The RSUs vest over four years with 1/16th of the RSUs vesting quarterly beginning May 10, 2026.

Remarks:

	/s/ Evan Pickering, as Attorney-in-Fact, for Timothy Mathias Eaton	01/29/2026
	** 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 4 (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).
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FAQ

What did APPF disclose about its CFO in this Form 4 filing?

The filing shows AppFolio CFO Timothy Mathias Eaton received 5,354 RSUs of Class A Common Stock. These were granted at $0 per share under the 2025 Omnibus Incentive Plan, increasing his direct beneficial ownership to 15,458 shares after the transaction.

How many AppFolio (APPF) shares were granted to the CFO and at what price?

AppFolio granted its CFO 5,354 restricted stock units tied to Class A Common Stock at a grant price of $0 per share. This reflects equity-based compensation rather than a market purchase, recorded as an acquisition in the Form 4 filing.

What is the vesting schedule of the 5,354 RSUs granted by APPF?

The 5,354 RSUs vest over four years, with 1/16 of the award vesting quarterly starting May 10, 2026. This structure gradually delivers shares over time, encouraging ongoing service and aligning the CFO’s incentives with AppFolio’s longer-term performance.

How many AppFolio shares does the CFO own after this RSU grant?

After the RSU grant, the CFO beneficially owns 15,458 shares of AppFolio Class A Common Stock in direct ownership. This total reflects the newly granted 5,354 restricted stock units plus his previously held shares as reported in the Form 4.

Under which plan were the new APPF RSUs to the CFO granted?

The 5,354 RSUs granted to the CFO were issued under AppFolio’s 2025 Omnibus Incentive Plan. This plan authorizes equity-based awards like restricted stock units to key personnel, linking a portion of executive compensation directly to company stock performance.