APPF

SEC source: 0001433195-20-000046 · wf-form4_159485801970234.xml · nonDerivative · entry 14

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 adopted by Mr. Schauser on or around June 8, 2020.

F14 · price: This transaction was executed in multiple trades with sales prices ranging from $150.00 to $150.69. 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: 0001433195-20-000046 · wf-form4_159485801970234.xml · nonDerivative · entry 13

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 5,749

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.

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: 0001433195-20-000046 · wf-form4_159485801970234.xml · derivative · entry 18

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 4,626,832

Underlying: Class A Common Stock · 37,753 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.

F17 · 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.

F18 · 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.

F17 · 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.

F18 · 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: 0001433195-20-000046 · wf-form4_159485801970234.xml · nonDerivative · entry 12

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 adopted by Mr. Schauser on or around June 8, 2020.

F13 · price: This transaction was executed in multiple trades with sales prices ranging from $161.43 to $161.59. 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.

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: 0001433195-20-000046 · wf-form4_159485801970234.xml · nonDerivative · entry 11

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 200

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around June 8, 2020.

F12 · price: This transaction was executed in multiple trades with sales prices ranging from $159.39 to $160.38. 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: 0001433195-20-000046 · wf-form4_159485801970234.xml · nonDerivative · entry 10

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 1,085

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around June 8, 2020.

F11 · price: This transaction was executed in multiple trades with sales prices ranging from $158.20 to $159.19. 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.

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: 0001433195-20-000046 · wf-form4_159485801970234.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: 3,194

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around June 8, 2020.

F10 · price: This transaction was executed in multiple trades with sales prices ranging from $157.18 to $158.14. 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: 0001433195-20-000046 · wf-form4_159485801970234.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: 5,722

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around June 8, 2020.

F9 · price: This transaction was executed in multiple trades with sales prices ranging from $156.18 to $157.14. 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: 0001433195-20-000046 · wf-form4_159485801970234.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: 13,557

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around June 8, 2020.

F8 · price: This transaction was executed in multiple trades with sales prices ranging from $155.18 to $156.17. 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: 0001433195-20-000046 · wf-form4_159485801970234.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: 18,896

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around June 8, 2020.

F7 · price: This transaction was executed in multiple trades with sales prices ranging from $154.15 to $155.10. 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: 0001433195-20-000046 · wf-form4_159485801970234.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: 23,718

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around June 8, 2020.

F6 · price: This transaction was executed in multiple trades with sales prices ranging from $153.02 to $153.93. 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.

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: 0001433195-20-000046 · wf-form4_159485801970234.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: 27,404

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around June 8, 2020.

F5 · price: This transaction was executed in multiple trades with sales prices ranging from $152.00 to $152.87. 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: 0001433195-20-000046 · wf-form4_159485801970234.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: 28,799

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around June 8, 2020.

F4 · price: This transaction was executed in multiple trades with sales prices ranging from $151.00 to $151.93. 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.

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: 0001433195-20-000046 · wf-form4_159485801970234.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: 31,909

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around June 8, 2020.

F3 · price: This transaction was executed in multiple trades with sales prices ranging from $150.00 to $150.94. 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: 0001433195-20-000046 · wf-form4_159485801970234.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: 37,753

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: 0000950123-20-006725 · doc4.xml · derivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 706,007

Underlying: Class A Common Stock · 28,569 shares

Expires not disclosed

F5 · kind: The Reporting Person received 28,569 Class B Shares from the pro-rata distribution of 300,691 Class B Shares from an investment fund of IVP III to its investors (See footnote 1 above). No consideration was paid by the Reporting Person or any of the other investors for the respective Class B Shares distributed to them from that investment fund. The distribution of those 28,569 Class B Shares changed only the form of the Reporting Person's beneficial ownership of those Shares from indirect to direct.

F5 · shares: The Reporting Person received 28,569 Class B Shares from the pro-rata distribution of 300,691 Class B Shares from an investment fund of IVP III to its investors (See footnote 1 above). No consideration was paid by the Reporting Person or any of the other investors for the respective Class B Shares distributed to them from that investment fund. The distribution of those 28,569 Class B Shares changed only the form of the Reporting Person's beneficial ownership of those Shares from indirect to direct.

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: 0000950123-20-006725 · doc4.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By IGSB IVP III, LLC

Disclosed balance after: 3,554,584

Underlying: Class A Common Stock · 300,691 shares

Expires not disclosed

F1 · kind: On July 1, 2020, the investors in one of the investment funds of IGSB IVP III, LLC ("IVP III") approved its distribution of all 300,691 shares of AppFolio Class B Common Stock ("Class B Shares") then held in that investment fund, pro-rata to the investors. No consideration was paid by any of the investors for the respective Class B Shares distributed to them.

F1 · shares: On July 1, 2020, the investors in one of the investment funds of IGSB IVP III, LLC ("IVP III") approved its distribution of all 300,691 shares of AppFolio Class B Common Stock ("Class B Shares") then held in that investment fund, pro-rata to the investors. No consideration was paid by any of the investors for the respective Class B Shares distributed to them.

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.

F4 · balance_after: These Class B Shares are owned by IVP III, which is managed by Investment Group of Santa Barbara, LLC ("IGSB"). The Reporting Person is one of the members of IGSB and for that reason may be deemed to share voting and dispositive power with IGSB and its other members over these Class B Shares. However, the Reporting Person disclaims beneficial ownership of these Class B Shares, except to the extent of any pecuniary interest he may have therein.

F4 · ownership.nature: These Class B Shares are owned by IVP III, which is managed by Investment Group of Santa Barbara, LLC ("IGSB"). The Reporting Person is one of the members of IGSB and for that reason may be deemed to share voting and dispositive power with IGSB and its other members over these Class B Shares. However, the Reporting Person disclaims beneficial ownership of these Class B Shares, except to the extent of any pecuniary interest he may have therein.

SEC source: 0000899243-20-018577 · doc4.xml · derivative · entry 4

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Trust

Disclosed balance after: 91,591

Underlying: Class A Common Stock · 51,627 shares

Expires not disclosed

F9 · kind: The Reporting Person's revocable family trust, of which he is a trustee, received 51,627 Class B Shares from the pro-rata distribution of 300,691 Class B Shares from one of the investment funds of IVP III to the investors in that fund (see footnote 1 above). No consideration was paid by the family trust or any of the other investors in that fund for the respective Class B Shares distributed to them. The distribution of the 51,627 Class B Shares to the family trust did not result in any change to the Reporting Person's beneficial ownership of his Class B Shares.

F9 · shares: The Reporting Person's revocable family trust, of which he is a trustee, received 51,627 Class B Shares from the pro-rata distribution of 300,691 Class B Shares from one of the investment funds of IVP III to the investors in that fund (see footnote 1 above). No consideration was paid by the family trust or any of the other investors in that fund for the respective Class B Shares distributed to them. The distribution of the 51,627 Class B Shares to the family trust did not result in any change to the Reporting Person's beneficial ownership of his 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: 0000899243-20-018577 · doc4.xml · derivative · entry 3

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Pension Trust

Disclosed balance after: 1,161,177

Underlying: Class A Common Stock · 103,121 shares

Expires not disclosed

F7 · kind: These 103,121 Class B Shares were distributed by an investment fund of IVP III to its investors, including this pension trust (see footnote 1 above). The Reporting Person is the sole trustee of the pension trust and, in that capacity, possesses sole voting and sole dispositive power over these Class B Shares. However, the Reporting Person does not have any pecuniary interest in these Class B Shares. No consideration was paid by the pension trust or any of the other investors for the respective Class B Shares distributed to them from that investment fund.

F7 · shares: These 103,121 Class B Shares were distributed by an investment fund of IVP III to its investors, including this pension trust (see footnote 1 above). The Reporting Person is the sole trustee of the pension trust and, in that capacity, possesses sole voting and sole dispositive power over these Class B Shares. However, the Reporting Person does not have any pecuniary interest in these Class B Shares. No consideration was paid by the pension trust or any of the other investors for the respective Class B Shares distributed to them from that investment fund.

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.

F8 · ownership.direct: These Class B Shares are owned by a pension trust of which the Reporting Person is the sole trustee and, in that capacity, possesses sole voting and dispositive power over these Shares. However, the Reporting Person does not have and he disclaims any pecuniary interest in these Class B Shares.

SEC source: 0000899243-20-018577 · doc4.xml · derivative · entry 2

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,922,463

Underlying: Class A Common Stock · 65,882 shares

Expires not disclosed

F5 · kind: The Reporting Person received 65,882 Class B Shares from the pro-rata distribution of 300,691 Class B Shares from an investment fund of IVP III to its investors (see footnote 1 above). No consideration was paid by the Reporting Person or any of the other investors for the respective Class B Shares distributed to them from that investment fund. The only change resulting from the distribution of the 65,882 Class B Shares was to the form of the Reporting Person's beneficial ownership from indirect to direct.

F5 · shares: The Reporting Person received 65,882 Class B Shares from the pro-rata distribution of 300,691 Class B Shares from an investment fund of IVP III to its investors (see footnote 1 above). No consideration was paid by the Reporting Person or any of the other investors for the respective Class B Shares distributed to them from that investment fund. The only change resulting from the distribution of the 65,882 Class B Shares was to the form of the Reporting Person's beneficial ownership from indirect to direct.

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.

F6 · ownership.direct: On December 31, 2018, 58,474 Class B Shares, which were held in a pension plan over which the Reporting Person possessed sole voting and dispositive power, were rolled over, without consideration, from the pension plan to the Reporting Person's IRA, leaving no remaining Class B Shares in this pension plan, resulting in a change in the form of the Reporting Person's beneficial ownership of these Class B Shares, from indirect to direct. There was no change to the total number of Class B Shares that are beneficially owned by the Reporting Person.

F11 · ownership.direct: In January 2020, the Reporting Person transferred these Class B Shares, which had been directly owned by him, to this limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person continues to possess sole voting and dispositive power over all of these Shares, but disclaims beneficial ownership over these Shares except to the extent of any pecuniary interest he may have therein.

F12 · ownership.direct: In January 2020, the Reporting Person transferred these Class B Shares, which had been directly owned by him, to this limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person continues to possess sole voting and dispositive power over all of these Shares, but disclaims beneficial ownership over these Shares except to the extent of any pecuniary interest he may have therein.

SEC source: 0000899243-20-018577 · doc4.xml · derivative · entry 1

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By IGSB IVP III, LLC

Disclosed balance after: 3,554,584

Underlying: Class A Common Stock · 300,691 shares

Expires not disclosed

F1 · kind: On July 1, 2020, the investors in one of the investment funds of IGSB IVP III, LLC ("IVP III") approved its distribution of all 300,691 shares of AppFolio Class B Common Stock ("Class B Shares") then held in that investment fund, pro-rata to the investors. No consideration was paid by any of the investors for the respective Class B Shares distributed to them.

F1 · shares: On July 1, 2020, the investors in one of the investment funds of IGSB IVP III, LLC ("IVP III") approved its distribution of all 300,691 shares of AppFolio Class B Common Stock ("Class B Shares") then held in that investment fund, pro-rata to the investors. No consideration was paid by any of the investors for the respective Class B Shares distributed to them.

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.

F4 · balance_after: These Class B Shares are owned by IGSB IVP III LLC, a private investment fund, which is managed by Investment Group of Santa Barbara LLC ("IGSB"). The Reporting Person is one of the members of IGSB and may be deemed to share voting and dispositive power with IGSB and its other members over these Class B Shares. However, the Reporting Person disclaims beneficial ownership of these Class B Shares, except to the extent of any pecuniary interest he may have therein.

F4 · ownership.nature: These Class B Shares are owned by IGSB IVP III LLC, a private investment fund, which is managed by Investment Group of Santa Barbara LLC ("IGSB"). The Reporting Person is one of the members of IGSB and may be deemed to share voting and dispositive power with IGSB and its other members over these Class B Shares. However, the Reporting Person disclaims beneficial ownership of these Class B Shares, except to the extent of any pecuniary interest he may have therein.

SEC source: 0000950123-20-006739 · doc4.xml · derivative · entry 1

IGSB IVP III, LLC · CIK 0001645481 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,554,584

Underlying: Class A Common Stock · 300,691 shares

Expires not disclosed

F1 · kind: On July 1, 2020, the investors in one of the investment funds of IGSB IVP III, LLC ("IVP III") approved the termination of that investment fund and the distribution of all 300,691 shares of AppFolio Class B Common Stock ("Class B Shares") held by that fund, pro-rata to the investors in that fund. No consideration was paid by any of those investors for the respective Class B Shares distributed to them.

F1 · shares: On July 1, 2020, the investors in one of the investment funds of IGSB IVP III, LLC ("IVP III") approved the termination of that investment fund and the distribution of all 300,691 shares of AppFolio Class B Common Stock ("Class B Shares") held by that fund, pro-rata to the investors in that fund. No consideration was paid by any of those investors for the respective Class B Shares distributed to them.

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: 0000899243-20-018566 · doc4.xml · derivative · entry 1

Investment Group of Santa Barbara, LLC · CIK 0001645662 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By IGSB IVP III, LLC

Disclosed balance after: 3,554,584

Underlying: Class A Common Stock · 300,691 shares

Expires not disclosed

F1 · kind: Investment Group of Santa Barbara, LLC ("IGSB") is the manager of IGSB IVP III, LLC ("IVP III"). On July 1, 2020, the investors in one of the investment funds of IVP III approved the termination of that investment fund and the distribution of all 300,691 shares of AppFolio Class B Common Stock ("Class B Shares") held by that investment fund, pro-rata to the investors. No consideration was paid by the investors for the respective Class B Shares distributed to them.

F1 · shares: Investment Group of Santa Barbara, LLC ("IGSB") is the manager of IGSB IVP III, LLC ("IVP III"). On July 1, 2020, the investors in one of the investment funds of IVP III approved the termination of that investment fund and the distribution of all 300,691 shares of AppFolio Class B Common Stock ("Class B Shares") held by that investment fund, pro-rata to the investors. No consideration was paid by the investors for the respective Class B Shares distributed to them.

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.

F1 · ownership.direct: Investment Group of Santa Barbara, LLC ("IGSB") is the manager of IGSB IVP III, LLC ("IVP III"). On July 1, 2020, the investors in one of the investment funds of IVP III approved the termination of that investment fund and the distribution of all 300,691 shares of AppFolio Class B Common Stock ("Class B Shares") held by that investment fund, pro-rata to the investors. No consideration was paid by the investors for the respective Class B Shares distributed to them.

SEC source: 0000950123-20-006731 · doc4.xml · derivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By IGSB IVP III, LLC

Disclosed balance after: 3,554,584

Underlying: Class A Common Stock · 300,691 shares

Expires not disclosed

F1 · kind: On July 1, 2020, the investors in one of the investment funds of IGSB IVP III, LLC ("IVP III") approved its distribution of all 300,691 shares of AppFolio Class B Common Stock ("Class B Shares") then held in that investment fund, pro-rata to the investors. No consideration was paid by any of those investors for the respective Class B Shares distributed to them. The Reporting Person was not an investor in, and did not receive any of the Class B Shares distributed by, the investment fund.

F1 · shares: On July 1, 2020, the investors in one of the investment funds of IGSB IVP III, LLC ("IVP III") approved its distribution of all 300,691 shares of AppFolio Class B Common Stock ("Class B Shares") then held in that investment fund, pro-rata to the investors. No consideration was paid by any of those investors for the respective Class B Shares distributed to them. The Reporting Person was not an investor in, and did not receive any of the Class B Shares distributed by, the investment fund.

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.

F4 · ownership.nature: These Class B Shares are owned by IVP III, which is managed by Investment Group of Santa Barbara, LLC ("IGSB"). The Reporting Person is one of the members of IGSB and, for that reason, may be deemed to share voting and dispositive power with IGSB and its other members over these Class B Shares. However, the Reporting Person disclaims beneficial ownership of these Class B Shares, except to the extent of any pecuniary interest he may have therein.

SEC source: 0001433195-20-000044 · wf-form4_159364830075828.xml · nonDerivative · entry 1

Webb Winifred Markus · CIK 0001439919 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,138

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: 0001433195-20-000043 · wf-form4_159364823616757.xml · nonDerivative · entry 1

von Blottnitz Andreas · CIK 0001643507 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,932

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: 0001433195-20-000042 · wf-form4_159364818800768.xml · nonDerivative · entry 2

KERR JANET · CIK 0001286334 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 18,259

F3 · 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: 0001433195-20-000042 · wf-form4_159364818800768.xml · nonDerivative · entry 1

KERR JANET · CIK 0001286334 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Trust

Disclosed balance after: 18,759

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.

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: 0001433195-21-000011 · wf-form5_161317821047439.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

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 9

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 4,474,585

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 1

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: 0001433195-20-000038 · wf-form4_159183372407863.xml · derivative · entry 15

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 4,664,585

Underlying: Class A Common Stock · 30,000 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.

F15 · 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.

F16 · 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.

F15 · 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.

F16 · 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: 0001433195-20-000038 · wf-form4_159183372407863.xml · nonDerivative · entry 14

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 adopted by Mr. Schauser on or around May 6, 2020.

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: 0001433195-20-000038 · wf-form4_159183372407863.xml · nonDerivative · entry 13

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 200

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around May 6, 2020.

F14 · price: This transaction was executed in multiple trades with sales prices ranging from $171.48 to $171.92. 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: 0001433195-20-000038 · wf-form4_159183372407863.xml · nonDerivative · entry 12

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 400

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around May 6, 2020.

F13 · price: This transaction was executed in multiple trades with sales prices ranging from $169.65 to $170.29. 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: 0001433195-20-000038 · wf-form4_159183372407863.xml · nonDerivative · entry 11

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 637

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around May 6, 2020.

F12 · price: This transaction was executed in multiple trades with sales prices ranging from $168.60 to $169.59. 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.

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: 0001433195-20-000038 · wf-form4_159183372407863.xml · nonDerivative · entry 10

Schauser Klaus · CIK 0001643445 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By 1206 Family Trust

Disclosed balance after: 1,100

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around May 6, 2020.

F11 · price: This transaction was executed in multiple trades with sales prices ranging from $167.06 to $167.76. 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: 0001433195-20-000038 · wf-form4_159183372407863.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: 2,128

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around May 6, 2020.

F10 · price: This transaction was executed in multiple trades with sales prices ranging from $166.05 to $167.01. 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: 0001433195-20-000038 · wf-form4_159183372407863.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: 3,423

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around May 6, 2020.

F9 · price: This transaction was executed in multiple trades with sales prices ranging from $164.81 to $165.64. 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: 0001433195-20-000038 · wf-form4_159183372407863.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: 5,692

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around May 6, 2020.

F8 · price: This transaction was executed in multiple trades with sales prices ranging from $163.79 to $164.75. 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: 0001433195-20-000038 · wf-form4_159183372407863.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: 6,808

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around May 6, 2020.

F7 · price: This transaction was executed in multiple trades with sales prices ranging from $162.77 to $163.73. 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: 0001433195-20-000038 · wf-form4_159183372407863.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: 8,998

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around May 6, 2020.

F6 · price: This transaction was executed in multiple trades with sales prices ranging from $161.75 to $162.64. 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: 0001433195-20-000038 · wf-form4_159183372407863.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: 14,699

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around May 6, 2020.

F5 · price: This transaction was executed in multiple trades with sales prices ranging from $160.72 to $161.70. 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: 0001433195-20-000038 · wf-form4_159183372407863.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: 23,998

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around May 6, 2020.

F4 · price: This transaction was executed in multiple trades with sales prices ranging from $159.72 to $160.69. 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: 0001433195-20-000038 · wf-form4_159183372407863.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: 26,057

F2 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Mr. Schauser on or around May 6, 2020.

F3 · price: This transaction was executed in multiple trades with sales prices ranging from $158.72 to $159.68. 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: 0001433195-20-000038 · wf-form4_159183372407863.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: 30,000

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: 0000899243-20-013737 · doc4.xml · derivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 172,859

Underlying: Class A Common Stock · 20,000 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 20,000 shares of AppFolio Class A Common Stock ("Class A Shares") on his conversion of 20,000 shares of AppFolio Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.

F1 · price: The Reporting Person acquired these 20,000 shares of AppFolio Class A Common Stock ("Class A Shares") on his conversion of 20,000 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: 0000899243-20-013737 · doc4.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

SEC source: 0000899243-20-013737 · doc4.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,000

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 20,000 shares of AppFolio Class A Common Stock ("Class A Shares") on his conversion of 20,000 shares of AppFolio Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.

F1 · shares: The Reporting Person acquired these 20,000 shares of AppFolio Class A Common Stock ("Class A Shares") on his conversion of 20,000 shares of AppFolio Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.

F1 · price: The Reporting Person acquired these 20,000 shares of AppFolio Class A Common Stock ("Class A Shares") on his conversion of 20,000 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: 0000899243-20-012295 · doc4.xml · nonDerivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

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