AppFolio (APPF) director Olivia Nottebohm receives 1,255 RSUs as annual grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Nottebohm Olivia reported acquisition or exercise transactions in this Form 4 filing.

AppFolio Inc. director Olivia Nottebohm received an equity award in the form of restricted stock units. She was granted 1,255 shares of Class A Common Stock as an annual director grant, with a grant price of $0 because it is a compensatory award rather than a market purchase.

The RSUs were granted under the 2025 Omnibus Incentive Plan and are time-based, vesting 100% on the first anniversary of the grant date. After this award, Nottebohm directly holds 4,019 shares of AppFolio Class A Common Stock, reflecting her updated equity position as a board member.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nottebohm Olivia

Role null

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

Holdings After Transaction: Class A Common Stock — 4,019 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

RSU grant size: 1,255 shares Grant price: $0.00 per share Post-transaction holdings: 4,019 shares +1 more

4 metrics

RSU grant size 1,255 shares Annual director grant of RSUs

Grant price $0.00 per share Compensatory RSU award, not market purchase

Post-transaction holdings 4,019 shares Class A Common Stock directly held after grant

Vesting schedule 100% after 1 year RSUs vest on first anniversary of grant date

Key Terms

restricted stock units, RSUs, 2025 Omnibus Incentive Plan, time-based

4 terms

restricted stock units financial

"Represents an annual director grant of time-based restricted stock units ("RSUs")"

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

"time-based restricted stock units ("RSUs") under the 2025 Omnibus Incentive Plan"

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 under the 2025 Omnibus Incentive Plan. The RSUs vest 100% on the first anniversary"

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.

time-based financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 06:12 PM Accepted by SEC EDGAR 07/01/2026 - 06:12 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^*

Nottebohm Olivia

(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)
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	06/29/2026		A		1,255⁽¹⁾	A	$0	4,019	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. 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.

Remarks:

	/s/ Evan Pickering as Attorney-in-Fact for Olivia Nottebohm	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)

Source: View Original Filing on SEC EDGAR

FAQ

What did AppFolio (APPF) director Olivia Nottebohm report on this Form 4?

Olivia Nottebohm reported receiving 1,255 restricted stock units as an annual director equity grant. These RSUs are compensation paid in stock rather than cash and increase her direct holdings of AppFolio Class A Common Stock to 4,019 shares after the transaction.

Is Olivia Nottebohm’s AppFolio (APPF) Form 4 a stock purchase or a grant?

The Form 4 reflects a stock grant, not an open-market purchase. Nottebohm received 1,255 restricted stock units at a $0 grant price as part of board compensation, rather than buying shares on the market, which is typical for non-employee director equity awards.

When do Olivia Nottebohm’s newly granted AppFolio (APPF) RSUs vest?

The 1,255 restricted stock units vest 100% on the first anniversary of the grant date. This time-based vesting means she must remain eligible through that one-year period before the RSUs convert into freely owned shares of AppFolio Class A Common Stock.

Under which plan were the AppFolio (APPF) RSUs granted to Olivia Nottebohm?

The RSUs were granted under AppFolio’s 2025 Omnibus Incentive Plan. This plan governs equity-based compensation, such as restricted stock units, for directors and other participants, aligning their interests with shareholders through stock-based awards instead of purely cash compensation.

How many AppFolio (APPF) shares does Olivia Nottebohm hold after this RSU grant?

After the award, Olivia Nottebohm directly holds 4,019 shares of AppFolio Class A Common Stock. This total includes the 1,255 newly granted restricted stock units that will vest after one year, as reported in the Form 4 insider transaction filing.