APPF

SEC source: 0000899243-20-034402 · doc4.xml · nonDerivative · entry 4

RAUTH WILLIAM R III · CIK 0001213191 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 4,000

F4 · kind: Sales made pursuant to a 10(b)5-1 Plan previously adopted by the Reporting Person.

F9 · ownership.nature: These Class B Shares are owned by an irrevocable trust established for another of the Reporting Person's grandchildren. The Reporting Person is the trustee of the trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class B Shares owned by it. However, he disclaims any pecuniary interest in these Class B Shares.

SEC source: 0000899243-20-034402 · doc4.xml · nonDerivative · entry 3

RAUTH WILLIAM R III · CIK 0001213191 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 6,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: These shares of Appfolio Class A Common Stock ("Class A Shares") were acquired by an irrevocable trust established for one of the Reporting Person's grandchildren by conversion of a like number of shares of Appfolio Class B Common Stock ("Class B Shares") owned by the trust. The Reporting Person is the trustee of this trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class A Shares owned by the trust. However, the Reporting Person disclaims any pecuniary interest in these Class A Shares.

F1 · shares: These shares of Appfolio Class A Common Stock ("Class A Shares") were acquired by an irrevocable trust established for one of the Reporting Person's grandchildren by conversion of a like number of shares of Appfolio Class B Common Stock ("Class B Shares") owned by the trust. The Reporting Person is the trustee of this trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class A Shares owned by the trust. However, the Reporting Person disclaims any pecuniary interest in these Class A Shares.

F1 · price: These shares of Appfolio Class A Common Stock ("Class A Shares") were acquired by an irrevocable trust established for one of the Reporting Person's grandchildren by conversion of a like number of shares of Appfolio Class B Common Stock ("Class B Shares") owned by the trust. The Reporting Person is the trustee of this trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class A Shares owned by the trust. However, the Reporting Person disclaims any pecuniary interest in these Class A Shares.

F2 · price: Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F3 · price: (Continued from Footnote 2) AppFolio's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A and Class B Shares.

F9 · ownership.nature: These Class B Shares are owned by an irrevocable trust established for another of the Reporting Person's grandchildren. The Reporting Person is the trustee of the trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class B Shares owned by it. However, he disclaims any pecuniary interest in these Class B Shares.

SEC source: 0000899243-20-034402 · doc4.xml · nonDerivative · entry 2

RAUTH WILLIAM R III · CIK 0001213191 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 4,000

F4 · kind: Sales made pursuant to a 10(b)5-1 Plan previously adopted by the Reporting Person.

F8 · ownership.nature: These Class B Shares are owned by an irrevocable trust established for one of the Reporting Person's grandchildren. The Reporting Person is the trustee of the trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class B Shares owned by it. However, the Reporting Person disclaims any pecuniary interest in these Class B Shares.

SEC source: 0000899243-20-034402 · doc4.xml · nonDerivative · entry 1

RAUTH WILLIAM R III · CIK 0001213191 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 6,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: These shares of Appfolio Class A Common Stock ("Class A Shares") were acquired by an irrevocable trust established for one of the Reporting Person's grandchildren by conversion of a like number of shares of Appfolio Class B Common Stock ("Class B Shares") owned by the trust. The Reporting Person is the trustee of this trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class A Shares owned by the trust. However, the Reporting Person disclaims any pecuniary interest in these Class A Shares.

F1 · shares: These shares of Appfolio Class A Common Stock ("Class A Shares") were acquired by an irrevocable trust established for one of the Reporting Person's grandchildren by conversion of a like number of shares of Appfolio Class B Common Stock ("Class B Shares") owned by the trust. The Reporting Person is the trustee of this trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class A Shares owned by the trust. However, the Reporting Person disclaims any pecuniary interest in these Class A Shares.

F1 · price: These shares of Appfolio Class A Common Stock ("Class A Shares") were acquired by an irrevocable trust established for one of the Reporting Person's grandchildren by conversion of a like number of shares of Appfolio Class B Common Stock ("Class B Shares") owned by the trust. The Reporting Person is the trustee of this trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class A Shares owned by the trust. However, the Reporting Person disclaims any pecuniary interest in these Class A Shares.

F2 · price: Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F3 · price: (Continued from Footnote 2) AppFolio's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A and Class B Shares.

F8 · ownership.nature: These Class B Shares are owned by an irrevocable trust established for one of the Reporting Person's grandchildren. The Reporting Person is the trustee of the trust and, therefore, may be deemed to possess sole voting and dispositive power over the Class B Shares owned by it. However, the Reporting Person disclaims any pecuniary interest in these Class B Shares.

SEC source: 0001433195-21-000011 · wf-form5_161317821047439.xml · nonDerivative · entry 7

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 300,000

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-21-000011 · wf-form5_161317821047439.xml · nonDerivative · entry 6

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 400,000

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-21-000011 · wf-form5_161317821047439.xml · derivative · entry 11

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 3,874,585

Underlying: Class A Common Stock · 500,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock at the effective time of the Issuer's IPO to any partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F3 · derivative.exercise_date: All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F2 · derivative.expiration_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock at the effective time of the Issuer's IPO to any partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F3 · derivative.expiration_date: All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-21-000011 · wf-form5_161317821047439.xml · nonDerivative · entry 5

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 500,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000100 · wf-form4_160704337051018.xml · derivative · entry 11

Walker Jonathan · CIK 0001643523 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 618,921

Underlying: Class A Common Stock · 2,979 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F9 · derivative.exercise_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F10 · derivative.exercise_date: All of the outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Company's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F9 · derivative.expiration_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F10 · derivative.expiration_date: All of the outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Company's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

SEC source: 0001433195-20-000100 · wf-form4_160704337051018.xml · nonDerivative · entry 9

Walker Jonathan · CIK 0001643523 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 3,728

F1 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Walker on or around October 30, 2019.

F8 · price: This transaction was executed in multiple trades with sales prices ranging from $158.23 to $159.09. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

SEC source: 0001433195-20-000100 · wf-form4_160704337051018.xml · nonDerivative · entry 8

Walker Jonathan · CIK 0001643523 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 4,812

F1 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Walker on or around October 30, 2019.

F7 · price: This transaction was executed in multiple trades with sales prices ranging from $156.95 to $157.93. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

SEC source: 0001433195-20-000100 · wf-form4_160704337051018.xml · nonDerivative · entry 7

Walker Jonathan · CIK 0001643523 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 5,411

F1 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Walker on or around October 30, 2019.

F6 · price: This transaction was executed in multiple trades with sales prices ranging from $155.84 to $156.59. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

SEC source: 0001433195-20-000100 · wf-form4_160704337051018.xml · nonDerivative · entry 6

Walker Jonathan · CIK 0001643523 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 6,707

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001433195-20-000100 · wf-form4_160704337051018.xml · derivative · entry 10

Walker Jonathan · CIK 0001643523 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 621,900

Underlying: Class A Common Stock · 27,021 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F9 · derivative.exercise_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F10 · derivative.exercise_date: All of the outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Company's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F9 · derivative.expiration_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F10 · derivative.expiration_date: All of the outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Company's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

SEC source: 0001433195-20-000100 · wf-form4_160704337051018.xml · nonDerivative · entry 5

Walker Jonathan · CIK 0001643523 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 3,728

F1 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Walker on or around October 30, 2019.

F5 · price: This transaction was executed in multiple trades with sales prices ranging from $161.23 to $162.25. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

SEC source: 0001433195-20-000100 · wf-form4_160704337051018.xml · nonDerivative · entry 4

Walker Jonathan · CIK 0001643523 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 7,265

F1 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Walker on or around October 30, 2019.

F4 · price: This transaction was executed in multiple trades with sales prices ranging from $160.21 to $161.19. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

SEC source: 0001433195-20-000100 · wf-form4_160704337051018.xml · nonDerivative · entry 3

Walker Jonathan · CIK 0001643523 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 14,939

F1 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Walker on or around October 30, 2019.

F3 · price: This transaction was executed in multiple trades with sales prices ranging from $159.20 to $160.19. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

SEC source: 0001433195-20-000100 · wf-form4_160704337051018.xml · nonDerivative · entry 2

Walker Jonathan · CIK 0001643523 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 20,949

F1 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Walker on or around October 30, 2019.

F2 · price: This transaction was executed in multiple trades with sales prices ranging from $158.18 to $159.15. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

SEC source: 0001433195-20-000100 · wf-form4_160704337051018.xml · nonDerivative · entry 1

Walker Jonathan · CIK 0001643523 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 30,749

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001433195-20-000087 · wf-form4_160445167972020.xml · nonDerivative · entry 1

KERR JANET · CIK 0001286334 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 17,409

F1 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Ms. Kerr on or around May 11, 2020.

F2 · ownership.nature: The shares of Class A Common Stock reported on the table above are held by the Janet Kerr Living Trust dated 7/16/2014, of which Ms. Kerr is the Trustee.

SEC source: 0001433195-20-000091 · wf-form4_160445202225455.xml · nonDerivative · entry 1

Scanlan Agnes Bundy · CIK 0001701617 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,756

F1 · security: The shares are granted pursuant to Issuer's 2015 Stock Incentive Plan and are subject to repurchase by the Issuer. The shares shall vest 100% on the first anniversary of the date of grant.

SEC source: 0000899243-20-028654 · doc4.xml · nonDerivative · entry 4

RAUTH WILLIAM R III · CIK 0001213191 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F4 · kind: These sales were made pursuant to a Rule 10(b)5-1 plan previously adopted by the Reporting Person.

SEC source: 0000899243-20-028654 · doc4.xml · nonDerivative · entry 3

RAUTH WILLIAM R III · CIK 0001213191 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,413

F4 · kind: These sales were made pursuant to a Rule 10(b)5-1 plan previously adopted by the Reporting Person.

SEC source: 0000899243-20-028654 · doc4.xml · derivative · entry 6

RAUTH WILLIAM R III · CIK 0001213191 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 92,859

Underlying: Class A Common Stock · 50,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Reporting Person acquired these 50,000 shares of AppFolio Class A Common Stock ("Class A Shares") on his conversion of 50,000 shares of AppFolio Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.

F1 · price: The Reporting Person acquired these 50,000 shares of AppFolio Class A Common Stock ("Class A Shares") on his conversion of 50,000 shares of AppFolio Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.

F2 · price: Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F3 · price: (Continued from Footnote 2) AppFolio's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A and Class B Shares.

F2 · derivative.exercise_date: Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F3 · derivative.exercise_date: (Continued from Footnote 2) AppFolio's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A and Class B Shares.

F2 · derivative.expiration_date: Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F3 · derivative.expiration_date: (Continued from Footnote 2) AppFolio's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A and Class B Shares.

SEC source: 0000899243-20-028654 · doc4.xml · nonDerivative · entry 2

RAUTH WILLIAM R III · CIK 0001213191 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,089

F4 · kind: These sales were made pursuant to a Rule 10(b)5-1 plan previously adopted by the Reporting Person.

SEC source: 0000899243-20-028654 · doc4.xml · nonDerivative · entry 1

RAUTH WILLIAM R III · CIK 0001213191 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Reporting Person acquired these 50,000 shares of AppFolio Class A Common Stock ("Class A Shares") on his conversion of 50,000 shares of AppFolio Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.

F1 · shares: The Reporting Person acquired these 50,000 shares of AppFolio Class A Common Stock ("Class A Shares") on his conversion of 50,000 shares of AppFolio Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.

F1 · price: The Reporting Person acquired these 50,000 shares of AppFolio Class A Common Stock ("Class A Shares") on his conversion of 50,000 shares of AppFolio Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.

F2 · price: Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F3 · price: (Continued from Footnote 2) AppFolio's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A and Class B Shares.

SEC source: 0000899243-21-006610 · doc5.xml · derivative · entry 4

BLISS TIMOTHY K · CIK 0000938332 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 677,438

Underlying: Class A Common Stock · 1,800 shares

Expires not disclosed

F1 · derivative.exercise_price: The shares of issuer's Class B Common Stock ("Class B Shares") are convertible, on a one share-for-one share basis, into shares of issuer's Class A Common Stock ("Class A Shares"), at any time at the option of the holder. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F2 · derivative.exercise_price: (Continued from Footnote (1).) The issuer's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the issuer's outstanding Class B Shares represents less than 10% of the sum of its outstanding Class A and Class B Shares.

F6 · shares: Gives effect to (i) a donation of 1,800 Class B Shares by the Reporting Person to a charitable organization, and (ii) the contribution, referenced in footnote (5) above, by the Reporting Person of 26,769 Class B Shares to the Bliss Family Trust.

F1 · derivative.exercise_date: The shares of issuer's Class B Common Stock ("Class B Shares") are convertible, on a one share-for-one share basis, into shares of issuer's Class A Common Stock ("Class A Shares"), at any time at the option of the holder. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F2 · derivative.exercise_date: (Continued from Footnote (1).) The issuer's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the issuer's outstanding Class B Shares represents less than 10% of the sum of its outstanding Class A and Class B Shares.

F1 · derivative.expiration_date: The shares of issuer's Class B Common Stock ("Class B Shares") are convertible, on a one share-for-one share basis, into shares of issuer's Class A Common Stock ("Class A Shares"), at any time at the option of the holder. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F2 · derivative.expiration_date: (Continued from Footnote (1).) The issuer's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the issuer's outstanding Class B Shares represents less than 10% of the sum of its outstanding Class A and Class B Shares.

F6 · balance_after: Gives effect to (i) a donation of 1,800 Class B Shares by the Reporting Person to a charitable organization, and (ii) the contribution, referenced in footnote (5) above, by the Reporting Person of 26,769 Class B Shares to the Bliss Family Trust.

SEC source: 0001433195-21-000011 · wf-form5_161317821047439.xml · nonDerivative · entry 4

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 0

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-21-000011 · wf-form5_161317821047439.xml · derivative · entry 10

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 4,374,585

Underlying: Class A Common Stock · 100,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock at the effective time of the Issuer's IPO to any partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F3 · derivative.exercise_date: All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F2 · derivative.expiration_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock at the effective time of the Issuer's IPO to any partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F3 · derivative.expiration_date: All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-21-000011 · wf-form5_161317821047439.xml · nonDerivative · entry 3

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 100,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0000899243-21-006714 · doc5.xml · nonDerivative · entry 3

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Pension Trust

Disclosed balance after: 194,037

F4 · shares: Gives effect to the distribution by Fund 12 to a pension trust, of which the Reporting Person is the sole trustee, of 166,528 Class A Shares pursuant to the dissolution of Fund 12 referenced in footnote (1) above. As sole trustee of the pension trust, the Reporting Person possesses sole voting and sole dispositive power over these Class A Shares; however, the Reporting Person does not have any pecuniary interest in these Class A Shares. Prior to this distribution, the Reporting Person was, and after the distribution he continues to be, as trustee of this pension trust, the indirect beneficial owner of these Class A Shares.

F4 · ownership.nature: Gives effect to the distribution by Fund 12 to a pension trust, of which the Reporting Person is the sole trustee, of 166,528 Class A Shares pursuant to the dissolution of Fund 12 referenced in footnote (1) above. As sole trustee of the pension trust, the Reporting Person possesses sole voting and sole dispositive power over these Class A Shares; however, the Reporting Person does not have any pecuniary interest in these Class A Shares. Prior to this distribution, the Reporting Person was, and after the distribution he continues to be, as trustee of this pension trust, the indirect beneficial owner of these Class A Shares.

SEC source: 0000899243-21-006714 · doc5.xml · nonDerivative · entry 2

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 95,597

F2 · shares: The Reporting Person received 95,597 Class A Shares as a result of and pursuant to the dissolution of Fund 12 and the pro-rata distribution by Fund 12 of all of its Class A Shares, as referenced in footnote (1) above. No consideration was paid by the Reporting Person for these 95,597 Class A Shares. The only effect of this distribution was to change the form of the Reporting Person's beneficial ownership of these Class A Shares from indirect to direct.

F3 · balance_after: Number of Class A Shares directly owned by the Reporting Person as of December 31, 2020, after giving effect to (i) the distribution to him, in his individual capacity, of 95,597 Class A Shares by Fund 12, as described in footnote (2) above, and (ii) a change in form of his beneficial ownership from direct to indirect as a result of his contribution of 9,805 Class A Shares, which the Reporting Person had owned directly prior to January 23, 2020, to a newly organized limited liability company, IGSB Cardinal Core BV, LLC, of which the Reporting Person is the organizing and managing member.

SEC source: 0000899243-21-006714 · doc5.xml · nonDerivative · entry 1

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Duca Fund 12, LLC

Disclosed balance after: 0

F1 · shares: On September 11, 2020, Duca Fund 12, LLC ("Fund 12"), of which the Reporting Person was the sole manager, was dissolved and all 373,116 shares of issuer's Class A common stock ("Class A Shares") then held by Fund 12 were distributed, pro-rata and without consideration, to its members. See footnotes (2) and (4) below for information regarding certain of those distributions reported in this Form 5.

F1 · balance_after: On September 11, 2020, Duca Fund 12, LLC ("Fund 12"), of which the Reporting Person was the sole manager, was dissolved and all 373,116 shares of issuer's Class A common stock ("Class A Shares") then held by Fund 12 were distributed, pro-rata and without consideration, to its members. See footnotes (2) and (4) below for information regarding certain of those distributions reported in this Form 5.

SEC source: 0001433195-20-000073 · wf-form4_159857270990612.xml · derivative · entry 11

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 4,574,585

Underlying: Class A Common Stock · 5,125 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F10 · derivative.exercise_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer that occurs after the consummation of the IPO, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock at the effective time of the IPO to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F11 · derivative.exercise_date: All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F10 · derivative.expiration_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer that occurs after the consummation of the IPO, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock at the effective time of the IPO to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F11 · derivative.expiration_date: All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000073 · wf-form4_159857270990612.xml · nonDerivative · entry 9

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 0

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan previously adopted by Mr. Schauser.

F9 · price: This transaction was executed in multiple trades with sales prices ranging from $176.61 to $176.71. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000073 · wf-form4_159857270990612.xml · nonDerivative · entry 8

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 7

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan previously adopted by Mr. Schauser.

F8 · price: This transaction was executed in multiple trades with sales prices ranging from $175.51 to $176.45. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000073 · wf-form4_159857270990612.xml · nonDerivative · entry 7

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 1,442

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan previously adopted by Mr. Schauser.

F7 · price: This transaction was executed in multiple trades with sales prices ranging from $174.46 to $175.40. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000073 · wf-form4_159857270990612.xml · nonDerivative · entry 6

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 4,027

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan previously adopted by Mr. Schauser.

F6 · price: This transaction was executed in multiple trades with sales prices ranging from $173.35 to $174.33. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000073 · wf-form4_159857270990612.xml · nonDerivative · entry 5

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 4,659

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan previously adopted by Mr. Schauser.

F5 · price: This transaction was executed in multiple trades with sales prices ranging from $172.33 to $173.29. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000073 · wf-form4_159857270990612.xml · nonDerivative · entry 4

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 5,125

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000073 · wf-form4_159857270990612.xml · derivative · entry 10

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 4,579,710

Underlying: Class A Common Stock · 9,385 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F10 · derivative.exercise_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer that occurs after the consummation of the IPO, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock at the effective time of the IPO to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F11 · derivative.exercise_date: All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F10 · derivative.expiration_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer that occurs after the consummation of the IPO, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock at the effective time of the IPO to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F11 · derivative.expiration_date: All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000073 · wf-form4_159857270990612.xml · nonDerivative · entry 3

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 0

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan previously adopted by Mr. Schauser.

F4 · price: This transaction was executed in multiple trades with sales prices ranging from $171.02 to $171.81. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000073 · wf-form4_159857270990612.xml · nonDerivative · entry 2

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 2,996

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan previously adopted by Mr. Schauser.

F3 · price: This transaction was executed in multiple trades with sales prices ranging from $170.00 to $170.97. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000073 · wf-form4_159857270990612.xml · nonDerivative · entry 1

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 9,385

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000071 · wf-form4_159831363171720.xml · derivative · entry 6

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 4,589,095

Underlying: Class A Common Stock · 1,104 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer that occurs after the consummation of the IPO, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock at the effective time of the IPO to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F6 · derivative.exercise_date: All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F5 · derivative.expiration_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer that occurs after the consummation of the IPO, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock at the effective time of the IPO to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F6 · derivative.expiration_date: All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000071 · wf-form4_159831363171720.xml · nonDerivative · entry 4

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 0

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan previously adopted by Mr. Schauser.

F4 · price: This transaction was executed in multiple trades with sales prices ranging from $170.05 to $170.54. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000071 · wf-form4_159831363171720.xml · nonDerivative · entry 3

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 1,104

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000071 · wf-form4_159831363171720.xml · derivative · entry 5

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 4,590,199

Underlying: Class A Common Stock · 4,761 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer that occurs after the consummation of the IPO, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock at the effective time of the IPO to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F6 · derivative.exercise_date: All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F5 · derivative.expiration_date: Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer that occurs after the consummation of the IPO, except for any transfers by (i) a partnership or limited liability company that was a registered holder of shares of Class B Common Stock at the effective time of the IPO to anyone who was a partner or member of any such partnership or limited liability company at the effective time, and (ii) a transfer to a "qualified recipient," as defined in the Issuer's amended and restated certificate of incorporation. The shares of Class B Common Stock have no expiration date.

F6 · derivative.expiration_date: All outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000071 · wf-form4_159831363171720.xml · nonDerivative · entry 2

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 0

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan previously adopted by Mr. Schauser.

F3 · price: This transaction was executed in multiple trades with sales prices ranging from $170.00 to $170.71. The price reported above reflects the weighted average sales price for the cumulative trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer information regarding the individual trades.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.

SEC source: 0001433195-20-000071 · wf-form4_159831363171720.xml · nonDerivative · entry 1

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 4,761

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · ownership.nature: Shares are held by 1206 Family Trust dated December 13, 2002, of which Mr. Schauser and his spouse serve as co-trustees.