AppFolio (APPF) grants CEO 30,930 RSUs under 2025 incentive plan

Rhea-AI Filing Summary

Trigg William Shane reported acquisition or exercise transactions in this Form 4 filing.

AppFolio Inc. reported that Chief Executive Officer William Shane Trigg received a grant of 30,930 shares of Class A Common Stock in the form of time-based restricted stock units under the company’s 2025 Omnibus Incentive Plan. These RSUs vest over four years, with 1/16 of the units vesting quarterly beginning on May 10, 2026. Following this equity award, Trigg directly holds 83,850 shares of AppFolio Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Trigg William Shane

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	30,930	$0.00	--

Holdings After Transaction: Class A Common Stock — 83,850 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 30,930 shares Grant price per share: $0.0000 per share Shares held after grant: 83,850 shares +2 more

5 metrics

RSUs granted 30,930 shares Time-based RSU award to CEO on April 9, 2026

Grant price per share $0.0000 per share Reported transaction price for RSU grant

Shares held after grant 83,850 shares CEO’s direct Class A Common Stock position post-transaction

Vesting schedule 1/16 quarterly over four years Time-based vesting structure for RSUs

First vesting date May 10, 2026 Initial quarterly vesting date for RSUs

Key Terms

restricted stock units, RSUs, 2025 Omnibus Incentive Plan

3 terms

restricted stock units financial

"Represents a grant of time-based restricted stock units ("RSUs") granted pursuant"

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.

RSUs financial

"The RSUs vest over four years with 1/16th of the RSUs vesting quarterly"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

2025 Omnibus Incentive Plan financial

"RSUs granted pursuant to the Issuer's 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Trigg William Shane

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026

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	04/09/2026		A		30,930(1)	A	$0	83,850	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 William Shane Trigg	04/13/2026
	** 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)

FAQ

What insider transaction did APPF report for CEO William Shane Trigg?

AppFolio reported that CEO William Shane Trigg received 30,930 Class A Common Stock restricted stock units as an equity award. These units were granted at no cash cost to him, reflecting compensation rather than an open-market purchase of shares.

How do the 30,930 RSUs granted to APPF’s CEO vest over time?

The 30,930 RSUs granted to AppFolio’s CEO vest over four years, with 1/16 of the units vesting on a quarterly schedule. Vesting begins on May 10, 2026, meaning portions of the award settle into shares gradually as service-based conditions are met.

What is William Shane Trigg’s APPF shareholding after this RSU grant?

After the restricted stock unit grant, William Shane Trigg directly holds 83,850 shares of AppFolio Class A Common Stock. This figure includes the newly awarded RSUs and provides a snapshot of his direct equity stake immediately following the reported transaction.

Did the APPF CEO pay cash for the 30,930 RSU award?

The 30,930 restricted stock units were granted at a reported price per share of $0.0000, indicating no cash payment by the CEO. This structure is typical for equity compensation awards made under a company’s omnibus incentive plan framework.

Under what plan were the new APPF RSUs granted to the CEO?

The RSUs were granted pursuant to AppFolio’s 2025 Omnibus Incentive Plan. This plan provides a framework for equity-based compensation awards, such as restricted stock units, aligning executive incentives with long-term company performance and shareholder interests.