AppFolio director receives 1,255 restricted stock units

Bundy Scanlan Agnes reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Bundy Scanlan Agnes reported acquisition or exercise transactions in this Form 4 filing.

AppFolio Inc director Agnes Bundy Scanlan received an equity award of 1,255 shares of Class A Common Stock as a grant of time-based restricted stock units under the 2025 Omnibus Incentive Plan. The RSUs vest 100% on the first anniversary of the grant date and were granted at no cash cost per share.

The reporting person elected to defer this grant under the Nonemployee Director Deferred Compensation Plan. Following this award, she reports direct beneficial ownership of 7,343 shares of Class A Common Stock, reflecting routine director compensation rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 1,255 shares

Grant/Award 1 txn

Insider Bundy Scanlan Agnes

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	1,255	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 7,343 shares (Direct)

Footnotes (2)

1. F1. Represents an annual director grant of time-based restricted stock units ("RSUs") under the 2025 Omnibus Incentive Plan. The RSUs vest 100% on the first anniversary of the date of grant.
2. F2. The Reporting Person has elected to defer this grant in accordance with the Company's Nonemployee Director Deferred Compensation Plan.

Key Figures

RSU grant size: 1,255 shares Grant price: $0.00 per share Post-grant holdings: 7,343 shares +2 more

5 metrics

RSU grant size 1,255 shares Annual director RSU award under 2025 Omnibus Incentive Plan

Grant price $0.00 per share Director equity compensation, not an open-market purchase

Post-grant holdings 7,343 shares Class A Common Stock held directly after the transaction

Vesting schedule 100% after one year RSUs vest 100% on first anniversary of grant date

Plan year 2025 Grant made under the 2025 Omnibus Incentive Plan

Key Terms

restricted stock units ("RSUs"), 2025 Omnibus Incentive Plan, Nonemployee Director Deferred Compensation Plan, Class A Common Stock

4 terms

restricted stock units ("RSUs") financial

"Represents an annual director grant of time-based restricted stock units ("RSUs") under the 2025 Omnibus Incentive Plan."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

2025 Omnibus Incentive Plan financial

"Represents an annual director grant of time-based restricted stock units ("RSUs") under the 2025 Omnibus Incentive Plan."

An omnibus incentive plan is a company-wide program that authorizes awards of pay tied to performance and retention—such as stock options, restricted shares, cash bonuses and other rewards—here labeled for the year it was adopted (2025). Investors care because it affects how much ownership can be issued, dilutes existing shareholders, and aligns executives’ and employees’ incentives with company goals, similar to giving team members a stake in the outcome.

Nonemployee Director Deferred Compensation Plan financial

"The Reporting Person has elected to defer this grant in accordance with the Company's Nonemployee Director Deferred Compensation Plan."

Class A Common Stock financial

"Represents an annual director grant of time-based restricted stock units ("RSUs") under the 2025 Omnibus Incentive Plan."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

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

What did the APPF Form 4 report for director Agnes Bundy Scanlan?

The Form 4 shows Agnes Bundy Scanlan received 1,255 Class A Common Stock RSUs as an annual director equity grant. These were issued at no cash cost as part of AppFolio’s 2025 Omnibus Incentive Plan, representing routine board compensation rather than an open-market trade.

How many AppFolio (APPF) shares does the reporting person hold after this grant?

After the grant, Agnes Bundy Scanlan reports holding 7,343 shares of AppFolio Class A Common Stock directly. This total includes the newly awarded restricted stock units, reflecting her updated beneficial ownership position as a company director according to the Form 4 filing details.

What are the vesting terms of the 1,255 AppFolio (APPF) RSUs granted?

The 1,255 restricted stock units vest 100% on the first anniversary of the grant date. This means the entire award becomes fully vested after one year, consistent with typical annual director equity compensation practices outlined in AppFolio’s 2025 Omnibus Incentive Plan.

Was the AppFolio (APPF) RSU grant to the director an open-market purchase?

No, the RSU grant was not an open-market purchase. It is an annual director equity award priced at $0.00 per share, reflecting compensation rather than a discretionary stock purchase, as indicated by the acquisition code and the grant description in the Form 4 footnotes.

Did the director defer the new AppFolio (APPF) RSU grant?

Yes, the reporting person elected to defer this RSU grant under AppFolio’s Nonemployee Director Deferred Compensation Plan. Deferral means settlement of the award is postponed in line with plan terms, which can affect timing of when shares are ultimately delivered to the director.

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

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Accepted by SEC EDGAR 07/01/2026 - 06:38 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Bundy Scanlan Agnes

(Last) (First) (Middle)

70 CASTILIAN DR

(Street)

SANTA BARBARA CALIFORNIA 93117

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026

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

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

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

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	06/29/2026		A		1,255(1)(2)	A	$0	7,343	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 an annual director grant of time-based restricted stock units ("RSUs") under the 2025 Omnibus Incentive Plan. The RSUs vest 100% on the first anniversary of the date of grant.

2. The Reporting Person has elected to defer this grant in accordance with the Company's Nonemployee Director Deferred Compensation Plan.

Remarks:

	/s/ Evan Pickering as Attorney-in-Fact for Agnes Bundy Scanlan	07/01/2026
	** 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).
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 4: SEC 1474 (03-26)