APPFOLIO INC — Director's Dealing 2026

Feb 20, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPFOLIO INC (APPF)
CIK: 0001433195
Period of Report: 2026-02-17

Reporting Person: Trigg William Shane (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-17	Class A Common Stock	S	320	$167.04	Disposed	59563	Direct
2026-02-17	Class A Common Stock	S	1999	$168.21	Disposed	57564	Direct
2026-02-17	Class A Common Stock	S	2102	$168.98	Disposed	55462	Direct
2026-02-17	Class A Common Stock	S	1382	$170.12	Disposed	54080	Direct
2026-02-17	Class A Common Stock	S	160	$170.86	Disposed	53920	Direct
2026-02-17	Class A Common Stock	S	240	$172.25	Disposed	53680	Direct
2026-02-17	Class A Common Stock	S	120	$173.22	Disposed	53560	Direct
2026-02-17	Class A Common Stock	S	399	$174.59	Disposed	53161	Direct
2026-02-17	Class A Common Stock	S	1	$175.10	Disposed	53160	Direct
2026-02-17	Class A Common Stock	S	120	$176.29	Disposed	53040	Direct
2026-02-17	Class A Common Stock	S	120	$178.30	Disposed	52920	Direct

Footnotes

F1: This transaction was executed in multiple trades with sales prices ranging from $166.60 to $167.59. 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.

F2: This transaction was executed in multiple trades with sales prices ranging from $167.63 to $168.62. 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.

F3: This transaction was executed in multiple trades with sales prices ranging from $168.63 to $169.62. 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.

F4: This transaction was executed in multiple trades with sales prices ranging from $169.65 to $170.64. 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.

F5: This transaction was executed in multiple trades with sales prices ranging from $170.66 to $171.65. 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.

F6: This transaction was executed in multiple trades with sales prices ranging from $171.93 to $172.92. 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.

F7: This transaction was executed in multiple trades with sales prices ranging from $173.03 to $174.02. 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.

F8: This transaction was executed in multiple trades with sales prices ranging from $174.09 to $175.08. 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.

F9: This transaction was executed in multiple trades with sales prices ranging from $175.10 to $176.09. 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.

F10: This transaction was executed in multiple trades with sales prices ranging from $176.20 to $177.19. 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.

F11: This transaction was executed in multiple trades with sales prices ranging from $178.30 to $179.29. 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.