AppFolio (APPF) director gifts 798 Class A shares via trust

Rhea-AI Filing Summary

AppFolio Inc. director Janet Kerr, through the Janet Kerr Living Trust, made a bona fide gift of 798 shares of Class A Common Stock on March 10, 2026. The shares were transferred at $0.00 per share as a gift, not an open-market sale. Following this transfer, the trust, of which she is Trustee, indirectly holds 10,352 Class A shares. This is a non-cash, non-market transaction reflecting a personal gift rather than trading activity.

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

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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^*

KERR JANET

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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	03/10/2026		G		798	D	$0	10,352	I	By Trust(1)

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. The shares of Class A Common Stock reported on the table above are held by the Janet Kerr Living Trust dated 7/16/2004, of which the Reporting Person is the Trustee.

Remarks:

	/s/ Evan Pickering, as Attorney-in-Fact, for Janet Kerr	03/11/2026
	** 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.

FAQ

What insider transaction did APPF director Janet Kerr report on this Form 4?

Director Janet Kerr reported a bona fide gift of 798 shares of AppFolio Class A Common Stock. The transaction is coded as a gift, meaning no sale occurred and no price was received for the transferred shares.

How many AppFolio (APPF) shares did Janet Kerr gift and at what price?

Janet Kerr gifted 798 shares of AppFolio Class A Common Stock at a reported price of $0.00 per share. This reflects a non-cash transfer classified as a bona fide gift, not an open-market purchase or sale transaction.

How many AppFolio (APPF) shares does Janet Kerr hold after the reported gift?

After the reported gift, an entity associated with Janet Kerr holds 10,352 shares of AppFolio Class A Common Stock. These shares are held indirectly through the Janet Kerr Living Trust, where she serves as Trustee according to the filing footnote.

Is the Janet Kerr AppFolio (APPF) Form 4 transaction a market sale or purchase?

The Form 4 transaction is not a market sale or purchase. It is coded as a bona fide gift, meaning 798 shares of Class A Common Stock were transferred without consideration rather than traded on the open market.

How are Janet Kerr’s AppFolio (APPF) shares held according to the Form 4 filing?

The filing states the shares are held by the Janet Kerr Living Trust dated July 16, 2004. Janet Kerr is the Trustee, and the Form 4 classifies her ownership as indirect, reflecting the trust’s legal ownership of the AppFolio shares.

Does Janet Kerr’s AppFolio (APPF) Form 4 indicate any option exercises or derivatives?

The Form 4 does not show any derivative transactions or option exercises. It reports a single non-derivative transaction: a bona fide gift of 798 shares of Class A Common Stock, with derivative positions listed as empty in the summary.