Principal Global Investors (APPF) reports 6.4% stake in AppFolio Class A shares

Rhea-AI Filing Summary

Principal Global Investors reports beneficial ownership of Class A common stock of AppFolio, Inc. As of 06/30/2026, it beneficially owned 1,549,609 shares, representing 6.4% of the Class A common stock.

Principal Global Investors, a Delaware entity, holds shared voting and dispositive power over all 1,549,609 shares, with no sole voting or dispositive power reported. The amendment is signed by J. Markham Penrod, Chief Compliance Officer - North America, dated 07/31/2026.

Key Figures

Shares beneficially owned: 1,549,609 shares Percent of class: 6.4% Shared voting power: 1,549,609 shares +4 more

7 metrics

Shares beneficially owned 1,549,609 shares Class A common stock beneficially owned as of 06/30/2026

Percent of class 6.4% Percentage of AppFolio Class A common stock beneficially owned

Shared voting power 1,549,609 shares Shares over which Principal Global Investors has shared voting power

Sole voting power 0 shares Shares over which Principal Global Investors has sole voting power

Shared dispositive power 1,549,609 shares Shares over which Principal Global Investors has shared dispositive power

Sole dispositive power 0 shares Shares over which Principal Global Investors has sole dispositive power

Signature date 07/31/2026 Date signed by Chief Compliance Officer - North America

Key Terms

beneficially owned, shared voting power, shared dispositive power, percent of class, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: 1,549,609"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 1,549,609.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 1,549,609.00"

percent of class financial

"Percent of class: 6.4 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

Schedule 13G regulatory

"Amendment No. 1 to Schedule 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

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

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FAQ

How many APPF shares does Principal Global Investors report owning?

Principal Global Investors reports beneficial ownership of 1,549,609 shares of AppFolio Class A common stock, with shared voting and dispositive power over all of these shares and no sole voting or dispositive power.

What percentage of AppFolio (APPF) does Principal Global Investors own?

Principal Global Investors reports owning 6.4% of AppFolio’s Class A common stock. This percentage is based on 1,549,609 beneficially owned shares as of 06/30/2026, held with shared voting and dispositive power.

What type of filing did Principal Global Investors make for APPF?

Principal Global Investors filed an Amendment No. 1 to Schedule 13G for AppFolio, Inc. This filing updates its reported beneficial ownership and voting/dispositive powers over AppFolio’s Class A common stock.

Does Principal Global Investors have sole voting power over APPF shares?

No. Principal Global Investors reports 0 shares with sole voting power and 1,549,609 shares with shared voting power. It also reports sole dispositive power over 0 shares and shared dispositive power over 1,549,609 shares.

When is the ownership information for APPF by Principal Global Investors effective?

The reported ownership information is as of 06/30/2026. The amendment itself is signed and dated 07/31/2026 by J. Markham Penrod, Chief Compliance Officer - North America, Principal Asset Management.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

APPFOLIO INC

(Name of Issuer)

Class A Common Stock, $0.0001 par value

(Title of Class of Securities)

03783C100

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 03783C100

1

Names of Reporting Persons

PRINCIPAL GLOBAL INVESTORS

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,549,609.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,549,609.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,549,609.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: APPFOLIO INC
(b)	Address of issuer's principal executive offices: 70 CASTILIAN DRIVE, SANTA BARBARA, CALIFORNIA 93117
Item 2.
(a)	Name of person filing: PRINCIPAL GLOBAL INVESTORS
(b)	Address or principal business office or, if none, residence: 711 HIGH STREET DES MOINES, Iowa 50392-0300
(c)	Citizenship: PRINCIPAL GLOBAL INVESTORS - DELAWARE
(d)	Title of class of securities: Class A Common Stock, $0.0001 par value
(e)	CUSIP No.: 03783C100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,549,609
(b)	Percent of class: 6.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: PRINCIPAL GLOBAL INVESTORS - 0
	(ii) Shared power to vote or to direct the vote: PRINCIPAL GLOBAL INVESTORS - 1,549,609
	(iii) Sole power to dispose or to direct the disposition of: PRINCIPAL GLOBAL INVESTORS - 0
	(iv) Shared power to dispose or to direct the disposition of: PRINCIPAL GLOBAL INVESTORS - 1,549,609
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PRINCIPAL GLOBAL INVESTORS

Signature:	/s/ J. Markham Penrod
Name/Title:	J. Markham Penrod, Chief Compliance Officer - North America, Principal Asset Management
Date:	07/31/2026