What RSU grants are linked to the APPF tax-withholding share dispositions?

The 45-share withholding relates to RSUs granted on February 20, 2026 , and the 62-share withholding relates to RSUs granted on April 2, 2025 , both under AppFolio’s 2025 Omnibus Plan .

AppFolio (APPF) officer sells 150 shares, withholds stock for RSU taxes

Q: What did AppFolio (APPF) officer Don Rigler report in this Form 4?

Don Rigler, AppFolio’s Principal Accounting Officer , reported selling 150 shares of Class A Common Stock and two tax-related share withholdings tied to RSU vesting, all dated August 10, 2026 .

Q: How many APPF shares did Don Rigler sell and at what price?

He sold 150 shares of AppFolio Class A Common Stock at a price of $195.87 per share. This transaction was coded as a sale in the open market or a private transaction.

Q: Were Don Rigler’s APPF share sales under a trading plan?

Yes. The sale of 150 shares was made under a Rule 10b5-1 trading plan adopted on or around March 13, 2026 , indicating the transaction was pre-arranged.

Q: Why were additional APPF shares disposed of in code F transactions?

Two code F transactions disposed of 45 shares and 62 shares , respectively. These shares were withheld by the issuer to satisfy minimum tax withholding obligations related to the vesting of RSUs on August 10, 2026.

Q: Do the tax-withholding transactions mean Don Rigler sold APPF shares for cash?

No. The code F transactions represent shares withheld by the issuer to cover tax obligations on RSU vesting, rather than discretionary open-market sales for cash proceeds.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

AppFolio Inc. Principal Accounting Officer Don Rigler reported several transactions in Class A Common Stock on August 10, 2026. He sold 150 shares at $195.87 per share pursuant to a Rule 10b5-1 trading plan adopted on or around March 13, 2026. On the same date, the issuer withheld 45 shares and 62 shares at $199.54 per share to satisfy minimum tax withholding obligations arising from the vesting of previously granted RSUs under the 2025 Omnibus Plan.

Insider Trade Summary 10b5-1

Net Seller: 257 shares

Net Sell 3 txns

Insider Rigler Don

Role Principal Accounting Officer

Sold 150 shs ($29K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock ^F1	150	$195.87	$29K
Tax Withholding	Class A Common Stock ^F2	45	$199.54	$9K
Tax Withholding	Class A Common Stock ^F3	62	$199.54	$12K

Holdings After Transaction: Class A Common Stock — 4,025 shares (Direct)

Footnotes (3)

F1. These shares were sold pursuant to a plan adopted by the Reporting Person on or around March 13, 2026.
F2. Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2026 of the time-based restricted stock units ("RSUs") previously granted to the Reporting Person on February 20, 2026 pursuant to the Issuer's 2025 Omnibus Plan.
F3. Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2026 of the RSUs previously granted to the Reporting Person on April 2, 2025 pursuant to the Issuer's 2025 Omnibus Plan.

Key Figures

Shares sold: 150 shares Sale price: $195.87 per share Shares withheld for taxes (grant 1): 45 shares +2 more

5 metrics

Shares sold 150 shares Class A Common Stock sale on August 10, 2026

Sale price $195.87 per share Price for 150-share Class A Common Stock sale

Shares withheld for taxes (grant 1) 45 shares Withheld to satisfy minimum tax withholding for RSUs granted February 20, 2026

Shares withheld for taxes (grant 2) 62 shares Withheld to satisfy minimum tax withholding for RSUs granted April 2, 2025

Tax-withholding price $199.54 per share Price applied to 45-share and 62-share tax-withholding transactions

Key Terms

Rule 10b5-1 trading plan, restricted stock units ("RSUs"), 2025 Omnibus Plan, tax withholding obligations

4 terms

Rule 10b5-1 trading plan regulatory

"These shares were sold pursuant to a plan adopted by the Reporting Person on or around March 13, 2026."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock units ("RSUs") financial

"arising in connection with the vesting on August 10, 2026 of the time-based restricted stock units ("RSUs") previously granted"

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 Plan financial

"previously granted to the Reporting Person on February 20, 2026 pursuant to the Issuer's 2025 Omnibus Plan."

tax withholding obligations financial

"withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting"

FAQ

What did AppFolio (APPF) officer Don Rigler report in this Form 4?

Don Rigler, AppFolio’s Principal Accounting Officer, reported selling 150 shares of Class A Common Stock and two tax-related share withholdings tied to RSU vesting, all dated August 10, 2026.

How many APPF shares did Don Rigler sell and at what price?

He sold 150 shares of AppFolio Class A Common Stock at a price of $195.87 per share. This transaction was coded as a sale in the open market or a private transaction.

Why were additional APPF shares disposed of in code F transactions?

Two code F transactions disposed of 45 shares and 62 shares, respectively. These shares were withheld by the issuer to satisfy minimum tax withholding obligations related to the vesting of RSUs on August 10, 2026.

Do the tax-withholding transactions mean Don Rigler sold APPF shares for cash?

No. The code F transactions represent shares withheld by the issuer to cover tax obligations on RSU vesting, rather than discretionary open-market sales for cash proceeds.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/12/2026 - 05:48 PM Accepted by SEC EDGAR 08/12/2026 - 05:48 PM

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^*

Rigler Don

(Last)

(First)

(Middle)

70 CASTILIAN DRIVE

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	08/10/2026		S⁽¹⁾		150	D	$195.87	4,132	D
Class A Common Stock	08/10/2026		F		45⁽²⁾	D	$199.54	4,087	D
Class A Common Stock	08/10/2026		F		62⁽³⁾	D	$199.54	4,025	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These shares were sold pursuant to a plan adopted by the Reporting Person on or around March 13, 2026.

2. Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2026 of the time-based restricted stock units ("RSUs") previously granted to the Reporting Person on February 20, 2026 pursuant to the Issuer's 2025 Omnibus Plan.

3. Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2026 of the RSUs previously granted to the Reporting Person on April 2, 2025 pursuant to the Issuer's 2025 Omnibus Plan.

Remarks:

	/s/ Heather Peterson, as Attorney-in-Fact for Don Rigler	08/12/2026
	** 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)

Source: View Original Filing on SEC EDGAR