SEC Form 4 · accession 0000899243-18-010308
APPFOLIO INC · APPF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R Rauth III
Director · 10% Owner
Period of report
Apr 16, 2018
Accepted (ET)
Apr 18, 2018 · 4:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001433195
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Apr 16, 2018 | S | 19,543 | $44.406 | D | 457 | D | |
| Class A Common StockF1 | Apr 17, 2018 | S | 457 | $44.90 | D | 0 | D | |
| Class A Common StockF2 | holding | — | — | — | 13,072 | I | By IGSB IVP III, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Sale made pursuant to a 10(b)5-1 Plan previously adopted by the Reporting Person.
- F2These Class A 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 three members of IGSB and all decisions regarding the voting and disposition of these Shares require the unanimous approval of all three of IGSB's members. As a result, the Reporting Person may be deemed to share voting and dispositive power, with IGSB and its other two members, over these Class A Shares. However, the Reporting Person disclaims beneficial ownership of these Class A Shares, except to the extent of any pecuniary interest he may have therein.