APPFOLIO INC

APPF · Services-Prepackaged Software · 36.4M shares · +1%/yr ↑ shares · EDGAR filings ↗

Reference price $153.38 · est. market cap ~$5.6B — last insider sale, 2026-06-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B80

Property-management vertical SaaS with elite returns, strong growth, and strong free cash flow.

Strengths

Elite returns — ROA 20.5% (96th), ROE 26.0% (79th)
Strong growth and FCF — revenue +19.7%, FCF $238.9M, FCF margin 25.1%
Strong liquidity — current ratio 3.31 (83rd)

Risks

Earnings dip — net income -30.9% (39th)
Real-estate-cycle and rate sensitivity — per 10-K
Premium valuation — per 10-K

Notable findings

Customer concentration~26% of revenue from one customer/distributor — 1 million, or 25
Exec changeRecent 8-K item 5.02 8-K ↗
Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
Strong balance sheetStrong balance sheet — $184M cash & investments
Insider sellingInsider selling — 25 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$3M, last 6mo) Form 4 ↗
Notable holderHeld by 6 notable fund(s): STATE STREET CORP, RENAISSANCE TECHNOLOGIES LLC, FMR LLC +3 more (as of 2026-03-31)

Quarterly revenue

2025-06-30 · $236M2025-09-30 · $249M2025-12-31 · $248M2026-03-31 · $262M

Last 4 quarters · from SEC filings.

Key metrics

Operating margin

16.1%

Net margin

14.8%

Return on equity

26.0%

Return on assets

20.5%

Revenue growth (QoQ)

5.6%

Net-income growth

-30.9%

Current ratio

3.3×

Free cash flow

$239M

EBITDA

$176M

Tangible book value

$407M

Cash & investments

$184M

Stock comp / revenue

7.4%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-12	Eaton Timothy Mathias	Sell	300	$161.83
2026-06-12	Pickering Evan	Sell	160	$153.38
2026-06-12	Eaton Timothy Mathias	Sell	200	$154.66
2026-06-12	Eaton Timothy Mathias	Sell	200	$156.35
2026-06-12	Eaton Timothy Mathias	Sell	200	$157.41
2026-06-12	Eaton Timothy Mathias	Sell	1.7K	$161.16
2026-06-12	Pickering Evan	Sell	199	$154.76
2026-06-12	Pickering Evan	Sell	101	$155.94
2026-06-12	Pickering Evan	Sell	200	$156.87
2026-06-12	Rigler Don	Sell	150	$159.56
2026-05-15	Trigg William Shane	Sell	1.4K	$151.68
2026-05-15	Trigg William Shane	Sell	1.5K	$152.70
2026-05-15	Trigg William Shane	Sell	662	$153.85
2026-05-12	Barat Elizabeth Erin	Sell	2.0K	$158.12
2026-05-10	Barat Elizabeth Erin	Tax withheld	88	$166.59
2026-05-10	Barat Elizabeth Erin	Tax withheld	85	$166.59
2026-05-10	Eaton Timothy Mathias	Tax withheld	315	$166.59
2026-05-10	Eaton Timothy Mathias	Tax withheld	171	$166.59
2026-05-10	Eaton Timothy Mathias	Tax withheld	160	$166.59
2026-05-10	Eaton Timothy Mathias	Tax withheld	125	$166.59
2026-05-10	Eaton Timothy Mathias	Tax withheld	27	$166.59
2026-05-10	Eaton Timothy Mathias	Tax withheld	41	$166.59
2026-05-10	Eaton Timothy Mathias	Tax withheld	35	$166.59
2026-05-10	Pickering Evan	Tax withheld	80	$166.59
2026-05-10	Pickering Evan	Tax withheld	55	$166.59
2026-05-10	Pickering Evan	Tax withheld	27	$166.59
2026-05-10	Pickering Evan	Tax withheld	39	$166.59
2026-05-10	Pickering Evan	Tax withheld	64	$166.59
2026-05-10	Rigler Don	Tax withheld	45	$166.59
2026-05-10	Rigler Don	Tax withheld	247	$166.59
2026-05-10	Barat Elizabeth Erin	Tax withheld	301	$166.59
2026-05-10	Barat Elizabeth Erin	Tax withheld	270	$166.59
2026-05-10	Barat Elizabeth Erin	Tax withheld	142	$166.59
2026-05-10	Barat Elizabeth Erin	Tax withheld	102	$166.59
2026-05-10	Barat Elizabeth Erin	Tax withheld	146	$166.59
2026-05-10	Barat Elizabeth Erin	Tax withheld	110	$166.59
2026-05-10	Trigg William Shane	Tax withheld	220	$166.59
2026-05-10	Trigg William Shane	Tax withheld	378	$166.59
2026-05-10	Trigg William Shane	Tax withheld	796	$166.59
2026-05-10	Eaton Timothy Mathias	Tax withheld	75	$166.59
2026-05-10	Trigg William Shane	Tax withheld	599	$166.59
2026-05-10	Trigg William Shane	Tax withheld	538	$166.59
2026-05-10	Trigg William Shane	Tax withheld	985	$166.59
2026-05-10	Trigg William Shane	Tax withheld	203	$166.59
2026-04-09	Trigg William Shane	Grant	31K	—
2026-03-10	KERR JANET	Gift	798	—
2026-02-20	Rigler Don	Grant	2.0K	—
2026-02-17	Trigg William Shane	Sell	2.0K	$168.21
2026-02-17	Trigg William Shane	Sell	320	$167.04
2026-02-17	Trigg William Shane	Sell	2.1K	$168.98
2026-02-17	Trigg William Shane	Sell	1.4K	$170.12
2026-02-17	Trigg William Shane	Sell	160	$170.86
2026-02-17	Trigg William Shane	Sell	240	$172.25
2026-02-17	Trigg William Shane	Sell	120	$173.22
2026-02-17	Trigg William Shane	Sell	399	$174.59
2026-02-17	Trigg William Shane	Sell	1	$175.10
2026-02-17	Trigg William Shane	Sell	120	$176.29
2026-02-17	Trigg William Shane	Sell	120	$178.30
2026-02-12	Casey Saori	Grant	1.2K	—
2026-02-10	Pickering Evan	Grant	2.6K	$188.30
2026-02-10	Pickering Evan	Tax withheld	358	$188.30
2026-02-10	Pickering Evan	Tax withheld	27	$188.30
2026-02-10	Pickering Evan	Tax withheld	39	$188.30
2026-02-10	Pickering Evan	Tax withheld	64	$188.30
2026-02-10	Pickering Evan	Tax withheld	59	$188.30
2026-02-10	Barat Elizabeth Erin	Grant	7.1K	$188.30
2026-02-10	Barat Elizabeth Erin	Tax withheld	883	$188.30
2026-02-10	Barat Elizabeth Erin	Tax withheld	191	$188.30
2026-02-10	Barat Elizabeth Erin	Tax withheld	130	$188.30
2026-02-10	Barat Elizabeth Erin	Tax withheld	72	$188.30
2026-02-10	Barat Elizabeth Erin	Tax withheld	103	$188.30
2026-02-10	Barat Elizabeth Erin	Tax withheld	78	$188.30
2026-02-10	Barat Elizabeth Erin	Tax withheld	62	$188.30
2026-02-10	Barat Elizabeth Erin	Tax withheld	61	$188.30
2026-02-10	Barat Elizabeth Erin	Tax withheld	32	$188.30
2026-02-10	Eaton Timothy Mathias	Grant	7.4K	$188.30
2026-02-10	Eaton Timothy Mathias	Tax withheld	926	$188.30
2026-02-10	Eaton Timothy Mathias	Tax withheld	113	$188.30
2026-02-10	Eaton Timothy Mathias	Tax withheld	88	$188.30
2026-02-10	Eaton Timothy Mathias	Tax withheld	20	$188.30
2026-02-10	Eaton Timothy Mathias	Tax withheld	29	$188.30
2026-02-10	Eaton Timothy Mathias	Tax withheld	25	$188.30
2026-02-10	Eaton Timothy Mathias	Tax withheld	53	$188.30
2026-02-10	Eaton Timothy Mathias	Tax withheld	49	$188.30
2026-02-10	Trigg William Shane	Grant	14K	$188.30
2026-02-10	Trigg William Shane	Tax withheld	1.7K	$188.30
2026-02-10	Trigg William Shane	Tax withheld	499	$188.30
2026-02-10	Trigg William Shane	Tax withheld	1.7K	$188.30
2026-02-10	Trigg William Shane	Tax withheld	202	$188.30
2026-02-10	Trigg William Shane	Tax withheld	219	$188.30
2026-02-10	Trigg William Shane	Tax withheld	378	$188.30
2026-02-10	Trigg William Shane	Tax withheld	796	$188.30
2026-02-10	Trigg William Shane	Tax withheld	238	$188.30
2026-02-02	DUCA MAURICE J	Conversion	7.0K	—
2026-01-27	Barat Elizabeth Erin	Grant	4.5K	—
2026-01-27	Eaton Timothy Mathias	Grant	5.4K	—
2026-01-27	Pickering Evan	Grant	2.4K	—
2025-12-10	Barat Elizabeth Erin	Tax withheld	1.0K	$231.45
2025-11-24	Eaton Timothy Mathias	Sell	517	$228.34
2025-11-17	Schauser Klaus	Conversion	505K	—
2025-11-17	Trigg William Shane	Sell	440	$237.31
2025-11-17	Trigg William Shane	Sell	711	$238.32
2025-11-17	Trigg William Shane	Sell	553	$239.42
2025-11-17	Trigg William Shane	Sell	894	$240.49
2025-11-17	Trigg William Shane	Sell	600	$241.65
2025-11-17	Trigg William Shane	Sell	280	$242.54
2025-11-17	Trigg William Shane	Sell	240	$243.63
2025-11-17	Trigg William Shane	Sell	80	$244.56
2025-11-17	Trigg William Shane	Sell	149	$247.35
2025-11-14	Pickering Evan	Sell	334	$243.67
2025-11-10	Pickering Evan	Tax withheld	38	$256.96
2025-11-10	Pickering Evan	Tax withheld	63	$256.96
2025-11-10	Pickering Evan	Tax withheld	59	$256.96
2025-11-10	Pickering Evan	Tax withheld	27	$256.96
2025-11-10	Barat Elizabeth Erin	Tax withheld	269	$254.96
2025-11-10	Barat Elizabeth Erin	Tax withheld	183	$254.96
2025-11-10	Barat Elizabeth Erin	Tax withheld	146	$254.96
2025-11-10	Barat Elizabeth Erin	Tax withheld	110	$254.96
2025-11-10	Barat Elizabeth Erin	Tax withheld	88	$254.96
2025-11-10	Barat Elizabeth Erin	Tax withheld	86	$254.96
2025-11-10	Barat Elizabeth Erin	Tax withheld	45	$254.96
2025-11-10	Barat Elizabeth Erin	Tax withheld	101	$254.96
2025-11-10	Eaton Timothy Mathias	Tax withheld	27	$254.96
2025-11-10	Eaton Timothy Mathias	Tax withheld	31	$254.96
2025-11-10	Eaton Timothy Mathias	Tax withheld	35	$254.96
2025-11-10	Eaton Timothy Mathias	Tax withheld	75	$254.96
2025-11-10	Eaton Timothy Mathias	Tax withheld	70	$254.96
2025-11-10	Eaton Timothy Mathias	Tax withheld	124	$254.96
2025-11-10	Eaton Timothy Mathias	Tax withheld	159	$254.96
2025-11-10	Trigg William Shane	Tax withheld	538	$254.96
2025-11-10	Trigg William Shane	Tax withheld	1.7K	$254.96
2025-11-10	Trigg William Shane	Tax withheld	219	$254.96
2025-11-10	Trigg William Shane	Tax withheld	795	$254.96
2025-11-10	Trigg William Shane	Tax withheld	377	$254.96
2025-11-10	Trigg William Shane	Tax withheld	238	$254.96
2025-11-10	Trigg William Shane	Tax withheld	203	$254.96
2025-11-07	KERR JANET	Gift	300	—
2025-11-04	DUCA MAURICE J	Conversion	5.0K	—
2025-11-04	DUCA MAURICE J	Conversion	40K	—
2025-11-04	DUCA MAURICE J	Conversion	118K	—
2025-09-15	Mazza Matthew S	Sell	1.6K	$276.98
2025-09-11	Mazza Matthew S	Sell	1.4K	$280.77
2025-09-10	Trigg William Shane	Sell	444	$276.72
2025-09-10	Trigg William Shane	Sell	2.2K	$275.90
2025-09-10	Trigg William Shane	Sell	1.4K	$278.63
2025-09-09	KERR JANET	Gift	545	—
2025-09-08	KERR JANET	Sell	1.0K	$284.76
2025-09-08	KERR JANET	Sell	1.5K	$285.24
2025-08-27	DUCA MAURICE J	Sell	200	$276.23
2025-08-27	DUCA MAURICE J	Sell	2.0K	$275.38
2025-08-27	DUCA MAURICE J	Sell	352	$276.13
2025-08-27	DUCA MAURICE J	Sell	100	$277.50
2025-08-27	DUCA MAURICE J	Sell	900	$275.40
2025-08-27	DUCA MAURICE J	Sell	100	$277.50
2025-08-26	DUCA MAURICE J	Sell	1.7K	$275.88
2025-08-26	DUCA MAURICE J	Sell	2.3K	$275.74
2025-08-26	DUCA MAURICE J	Sell	204	$276.62
2025-08-26	DUCA MAURICE J	Sell	100	$276.80
2025-08-25	Eaton Timothy Mathias	Sell	667	$276.58
2025-08-25	DUCA MAURICE J	Sell	200	$276.21
2025-08-25	DUCA MAURICE J	Sell	2.0K	$275.40
2025-08-25	DUCA MAURICE J	Sell	500	$276.27
2025-08-25	DUCA MAURICE J	Sell	1.6K	$275.43
2025-08-22	DUCA MAURICE J	Sell	1.8K	$275.63
2025-08-22	DUCA MAURICE J	Sell	2.4K	$275.62
2025-08-22	DUCA MAURICE J	Sell	100	$276.11
2025-08-15	Trigg William Shane	Sell	3.0K	$264.98
2025-08-12	DUCA MAURICE J	Sell	524	$281.05
2025-08-12	DUCA MAURICE J	Sell	2.0K	$275.05
2025-08-12	DUCA MAURICE J	Sell	300	$276.57
2025-08-12	DUCA MAURICE J	Sell	100	$277.72
2025-08-12	DUCA MAURICE J	Sell	100	$281.05
2025-08-12	DUCA MAURICE J	Sell	1.3K	$275.06
2025-08-12	DUCA MAURICE J	Sell	367	$276.51
2025-08-12	DUCA MAURICE J	Sell	100	$277.72
2025-08-12	DUCA MAURICE J	Sell	19	$281.05
2025-08-11	DUCA MAURICE J	Sell	792	$280.84
2025-08-11	DUCA MAURICE J	Sell	681	$282.31
2025-08-11	DUCA MAURICE J	Sell	271	$283.54
2025-08-11	DUCA MAURICE J	Sell	148	$284.80
2025-08-11	DUCA MAURICE J	Sell	700	$280.19
2025-08-11	DUCA MAURICE J	Sell	500	$281.03
2025-08-11	DUCA MAURICE J	Sell	500	$282.42
2025-08-11	DUCA MAURICE J	Sell	300	$283.32
2025-08-11	DUCA MAURICE J	Sell	200	$284.20
2025-08-11	DUCA MAURICE J	Sell	200	$286.30
2025-08-11	DUCA MAURICE J	Sell	100	$289.30
2025-08-11	DUCA MAURICE J	Sell	312	$282.01
2025-08-11	DUCA MAURICE J	Sell	496	$283.24
2025-08-11	DUCA MAURICE J	Sell	200	$286.74
2025-08-11	DUCA MAURICE J	Sell	200	$280.15
2025-08-10	Eaton Timothy Mathias	Tax withheld	25	$283.36
2025-08-10	Eaton Timothy Mathias	Tax withheld	53	$283.36
2025-08-10	Eaton Timothy Mathias	Tax withheld	50	$283.36
2025-08-10	Eaton Timothy Mathias	Tax withheld	88	$283.36
2025-08-10	Eaton Timothy Mathias	Tax withheld	113	$283.36
2025-08-10	Barat Elizabeth Erin	Tax withheld	270	$283.36
2025-08-10	Barat Elizabeth Erin	Tax withheld	183	$283.36
2025-08-10	Barat Elizabeth Erin	Tax withheld	110	$283.36
2025-08-10	Barat Elizabeth Erin	Tax withheld	146	$283.36
2025-08-10	Barat Elizabeth Erin	Tax withheld	88	$283.36
2025-08-10	Barat Elizabeth Erin	Tax withheld	85	$283.36
2025-08-10	Barat Elizabeth Erin	Tax withheld	45	$283.36
2025-08-10	Barat Elizabeth Erin	Tax withheld	102	$283.36
2025-08-10	Mazza Matthew S	Tax withheld	248	$283.36
2025-08-10	Mazza Matthew S	Tax withheld	101	$283.36
2025-08-10	Mazza Matthew S	Tax withheld	318	$283.36
2025-08-10	Mazza Matthew S	Tax withheld	147	$283.36
2025-08-10	Mazza Matthew S	Tax withheld	178	$283.36
2025-08-10	Mazza Matthew S	Tax withheld	79	$283.36
2025-08-10	Trigg William Shane	Tax withheld	538	$283.36
2025-08-10	Trigg William Shane	Tax withheld	1.7K	$283.36
2025-08-10	Trigg William Shane	Tax withheld	219	$283.36
2025-08-10	Trigg William Shane	Tax withheld	795	$283.36
2025-08-10	Trigg William Shane	Tax withheld	377	$283.36
2025-08-10	Trigg William Shane	Tax withheld	238	$283.36
2025-08-10	Trigg William Shane	Tax withheld	202	$283.36
2025-08-10	Eaton Timothy Mathias	Tax withheld	19	$283.36
2025-08-10	Eaton Timothy Mathias	Tax withheld	29	$283.36
2025-08-08	DUCA MAURICE J	Sell	300	$290.31
2025-08-08	DUCA MAURICE J	Sell	500	$283.74
2025-08-08	DUCA MAURICE J	Sell	100	$284.49
2025-08-08	DUCA MAURICE J	Sell	1.2K	$286.05
2025-08-08	DUCA MAURICE J	Sell	400	$288.96
2025-08-08	DUCA MAURICE J	Sell	300	$290.24
2025-08-08	DUCA MAURICE J	Sell	200	$283.30
2025-08-08	DUCA MAURICE J	Sell	300	$284.31
2025-08-08	DUCA MAURICE J	Sell	702	$286.07
2025-08-08	DUCA MAURICE J	Sell	98	$286.63
2025-08-08	DUCA MAURICE J	Sell	200	$288.46
2025-08-08	DUCA MAURICE J	Sell	200	$283.70
2025-08-08	DUCA MAURICE J	Sell	100	$284.35
2025-08-08	DUCA MAURICE J	Sell	700	$286.07
2025-08-08	DUCA MAURICE J	Sell	100	$288.14
2025-08-08	DUCA MAURICE J	Sell	200	$290.54
2025-08-07	DUCA MAURICE J	Sell	500	$300.48
2025-08-07	DUCA MAURICE J	Sell	900	$300.57
2025-08-07	DUCA MAURICE J	Sell	300	$301.69
2025-08-07	DUCA MAURICE J	Sell	100	$303.73
2025-08-07	DUCA MAURICE J	Sell	100	$305.90
2025-08-07	DUCA MAURICE J	Sell	200	$307.12
2025-08-07	DUCA MAURICE J	Sell	400	$309.98
2025-08-07	DUCA MAURICE J	Sell	300	$301.90
2025-08-07	DUCA MAURICE J	Sell	200	$313.04
2025-08-07	DUCA MAURICE J	Sell	400	$300.57
2025-08-07	DUCA MAURICE J	Sell	200	$301.52
2025-08-07	DUCA MAURICE J	Sell	100	$305.93
2025-08-07	DUCA MAURICE J	Sell	100	$307.12
2025-08-07	DUCA MAURICE J	Sell	300	$309.92
2025-08-07	DUCA MAURICE J	Sell	200	$313.51
2025-08-07	DUCA MAURICE J	Sell	300	$304.32
2025-08-07	DUCA MAURICE J	Sell	200	$306.39
2025-08-07	DUCA MAURICE J	Sell	500	$310.03
2025-08-07	DUCA MAURICE J	Sell	300	$312.82
2025-08-06	DUCA MAURICE J	Sell	400	$307.45
2025-08-06	DUCA MAURICE J	Sell	200	$310.22
2025-08-06	DUCA MAURICE J	Sell	200	$311.52
2025-08-06	DUCA MAURICE J	Sell	100	$313.29
2025-08-06	DUCA MAURICE J	Sell	300	$307.42
2025-08-06	DUCA MAURICE J	Sell	300	$303.51
2025-08-06	DUCA MAURICE J	Sell	400	$305.08
2025-08-06	DUCA MAURICE J	Sell	227	$306.22
2025-08-06	DUCA MAURICE J	Sell	400	$307.44
2025-08-06	DUCA MAURICE J	Sell	200	$309.47
2025-08-06	DUCA MAURICE J	Sell	600	$310.63
2025-08-06	DUCA MAURICE J	Sell	216	$311.64
2025-08-06	DUCA MAURICE J	Sell	157	$313.21
2025-08-06	DUCA MAURICE J	Sell	200	$303.28
2025-08-06	DUCA MAURICE J	Sell	200	$304.85
2025-08-06	DUCA MAURICE J	Sell	300	$306.26
2025-08-06	DUCA MAURICE J	Sell	100	$308.61
2025-08-06	DUCA MAURICE J	Sell	500	$310.67
2025-08-06	DUCA MAURICE J	Sell	100	$311.82
2025-08-06	DUCA MAURICE J	Sell	100	$313.29
2025-08-06	DUCA MAURICE J	Sell	100	$303.22
2025-08-06	DUCA MAURICE J	Sell	200	$304.93
2025-08-06	DUCA MAURICE J	Sell	100	$306.26
2025-08-05	DUCA MAURICE J	Sell	400	$311.91
2025-08-05	DUCA MAURICE J	Sell	1.3K	$312.92
2025-08-05	DUCA MAURICE J	Sell	300	$313.72
2025-08-05	DUCA MAURICE J	Sell	200	$316.19
2025-08-05	DUCA MAURICE J	Sell	100	$317.66
2025-08-05	DUCA MAURICE J	Sell	200	$322.05
2025-08-05	DUCA MAURICE J	Sell	955	$312.50
2025-08-05	DUCA MAURICE J	Sell	345	$313.40
2025-08-05	DUCA MAURICE J	Sell	100	$314.94
2025-08-05	DUCA MAURICE J	Sell	200	$316.18
2025-08-05	DUCA MAURICE J	Sell	100	$317.63
2025-08-05	DUCA MAURICE J	Sell	100	$322.05
2025-08-05	DUCA MAURICE J	Sell	700	$312.57
2025-08-05	DUCA MAURICE J	Sell	300	$313.72
2025-08-05	DUCA MAURICE J	Sell	100	$316.39
2025-08-05	DUCA MAURICE J	Sell	100	$318.93
2025-08-05	DUCA MAURICE J	Sell	100	$322.05
2025-08-04	DUCA MAURICE J	Sell	100	$325.22
2025-08-04	DUCA MAURICE J	Sell	500	$318.41
2025-08-04	DUCA MAURICE J	Sell	351	$319.80
2025-08-04	DUCA MAURICE J	Sell	449	$320.76
2025-08-04	DUCA MAURICE J	Sell	400	$321.87
2025-08-04	DUCA MAURICE J	Sell	400	$322.78
2025-08-04	DUCA MAURICE J	Sell	400	$324.20
2025-08-04	DUCA MAURICE J	Sell	400	$318.50
2025-08-04	DUCA MAURICE J	Sell	200	$319.72
2025-08-04	DUCA MAURICE J	Sell	200	$320.52
2025-08-04	DUCA MAURICE J	Sell	400	$321.96
2025-08-04	DUCA MAURICE J	Sell	300	$323.03
2025-08-04	DUCA MAURICE J	Sell	100	$323.92
2025-08-04	DUCA MAURICE J	Sell	200	$325.06
2025-08-04	DUCA MAURICE J	Sell	300	$318.63
2025-08-04	DUCA MAURICE J	Sell	200	$320.34
2025-08-04	DUCA MAURICE J	Sell	500	$321.79
2025-08-04	DUCA MAURICE J	Sell	100	$322.65
2025-08-04	DUCA MAURICE J	Sell	100	$323.93
2025-08-01	DUCA MAURICE J	Sell	300	$300.42
2025-08-01	Casey Robert Donald III	Grant	39	—
2025-08-01	DUCA MAURICE J	Sell	100	$283.00
2025-08-01	DUCA MAURICE J	Sell	200	$285.41
2025-08-01	DUCA MAURICE J	Sell	100	$291.22
2025-08-01	DUCA MAURICE J	Sell	100	$297.05
2025-08-01	DUCA MAURICE J	Sell	300	$298.83
2025-08-01	DUCA MAURICE J	Sell	300	$302.23
2025-08-01	DUCA MAURICE J	Sell	100	$303.68
2025-08-01	DUCA MAURICE J	Sell	300	$305.26
2025-08-01	DUCA MAURICE J	Sell	400	$306.49
2025-08-01	DUCA MAURICE J	Sell	200	$307.33
2025-08-01	DUCA MAURICE J	Sell	100	$310.78
2025-08-01	DUCA MAURICE J	Sell	100	$283.00
2025-08-01	DUCA MAURICE J	Sell	200	$285.41
2025-08-01	DUCA MAURICE J	Sell	100	$297.05
2025-08-01	DUCA MAURICE J	Sell	200	$299.11
2025-08-01	DUCA MAURICE J	Sell	100	$300.68
2025-08-01	DUCA MAURICE J	Sell	200	$302.27
2025-08-01	DUCA MAURICE J	Sell	100	$303.70
2025-08-01	DUCA MAURICE J	Sell	400	$305.48
2025-08-01	DUCA MAURICE J	Sell	300	$306.91
2025-08-01	DUCA MAURICE J	Sell	100	$308.18
2025-08-01	DUCA MAURICE J	Sell	1.3K	$291.04
2025-08-01	Schauser Klaus	Sell	100	$285.41
2025-08-01	Schauser Klaus	Sell	200	$290.30
2025-08-01	Schauser Klaus	Sell	800	$291.31
2025-08-01	Schauser Klaus	Sell	700	$293.27
2025-08-01	Schauser Klaus	Sell	100	$295.17
2025-08-01	Schauser Klaus	Sell	100	$298.00
2025-08-01	Schauser Klaus	Sell	748	$300.00
2025-08-01	Schauser Klaus	Sell	52	$302.99
2025-08-01	Schauser Klaus	Sell	200	$305.00
2025-08-01	Schauser Klaus	Gift	300K	—
2025-07-30	Eaton Timothy Mathias	Grant	5.0K	—
2025-06-27	von Blottnitz Andreas	Grant	672	—
2025-06-27	Webb Winifred Markus	Grant	672	—
2025-06-27	Bundy Scanlan Agnes	Grant	672	—
2025-06-27	Casey Robert Donald III	Grant	504	—
2025-06-27	Nottebohm Olivia	Grant	672	—
2025-06-27	KERR JANET	Grant	672	—
2025-06-11	Barat Elizabeth Erin	Sell	4.7K	$227.79
2025-06-09	BLISS TIMOTHY K	Buy	599	$218.73
2025-06-09	BLISS TIMOTHY K	Buy	4.4K	$218.12
2025-06-09	BLISS TIMOTHY K	Buy	2.0K	$217.34
2025-06-06	BLISS TIMOTHY K	Buy	1.8K	$215.28
2025-06-06	BLISS TIMOTHY K	Buy	1.1K	$216.41
2025-06-06	BLISS TIMOTHY K	Buy	4.4K	$217.20
2025-06-06	BLISS TIMOTHY K	Buy	175	$217.87
2025-06-06	Casey Robert Donald III	Buy	4.0K	$217.73
2025-06-05	BLISS TIMOTHY K	Buy	3.1K	$216.02
2025-06-05	BLISS TIMOTHY K	Buy	4.4K	$217.72
2025-05-16	Eaton Timothy Mathias	Sell	1.1K	$221.13
2025-05-16	Trigg William Shane	Sell	5.9K	$211.45
2025-05-10	Mazza Matthew S	Tax withheld	171	$214.29
2025-05-10	Mazza Matthew S	Tax withheld	91	$214.29
2025-05-10	Eaton Timothy Mathias	Tax withheld	20	$214.29
2025-05-10	Eaton Timothy Mathias	Tax withheld	29	$214.29
2025-05-10	Eaton Timothy Mathias	Tax withheld	24	$214.29
2025-05-10	Eaton Timothy Mathias	Tax withheld	53	$214.29
2025-05-10	Eaton Timothy Mathias	Tax withheld	49	$214.29
2025-05-10	Eaton Timothy Mathias	Tax withheld	88	$214.29
2025-05-10	Mazza Matthew S	Tax withheld	207	$214.29
2025-05-10	Barat Elizabeth Erin	Tax withheld	269	$223.08
2025-05-10	Barat Elizabeth Erin	Tax withheld	183	$223.08
2025-05-10	Barat Elizabeth Erin	Tax withheld	110	$214.29
2025-05-10	Barat Elizabeth Erin	Tax withheld	146	$214.29
2025-05-10	Barat Elizabeth Erin	Tax withheld	88	$214.29
2025-05-10	Barat Elizabeth Erin	Tax withheld	86	$214.29
2025-05-10	Barat Elizabeth Erin	Tax withheld	45	$214.29
2025-05-10	Barat Elizabeth Erin	Tax withheld	102	$214.29
2025-05-10	Trigg William Shane	Tax withheld	539	$214.29
2025-05-10	Trigg William Shane	Tax withheld	1.7K	$214.29
2025-05-10	Trigg William Shane	Tax withheld	219	$214.29
2025-05-10	Trigg William Shane	Tax withheld	795	$214.29
2025-05-10	Trigg William Shane	Tax withheld	377	$214.29
2025-05-10	Trigg William Shane	Tax withheld	238	$214.29
2025-05-10	Trigg William Shane	Tax withheld	3.2K	$214.29
2025-05-10	Trigg William Shane	Tax withheld	203	$214.29
2025-05-10	Mazza Matthew S	Tax withheld	287	$214.29
2025-05-10	Mazza Matthew S	Tax withheld	367	$214.29
2025-05-10	Mazza Matthew S	Tax withheld	117	$214.29
2025-05-01	Casey Robert Donald III	Grant	45	—
2025-05-01	APPFOLIO INC	Grant	45	—
2025-04-03	Casey Robert Donald III	Grant	1.1K	—
2025-04-03	APPFOLIO INC	Grant	1.1K	—
2025-03-05	Eaton Timothy Mathias	Grant	3.9K	—
2025-02-27	DUCA MAURICE J	Conversion	36K	—
2025-02-27	DUCA MAURICE J	Conversion	86K	—
2025-02-27	DUCA MAURICE J	Conversion	60K	—
2025-02-18	Trigg William Shane	Sell	3.5K	$217.27
2025-02-14	Wolf Alexander	Buy	239	$215.30
2025-02-14	Wolf Alexander	Buy	327	$216.05
2025-02-14	Wolf Alexander	Buy	239	$215.30
2025-02-14	Wolf Alexander	Buy	327	$216.05
2025-02-14	Wolf Alexander	Buy	299	$215.30
2025-02-14	Wolf Alexander	Buy	409	$216.05
2025-02-14	Wolf Alexander	Buy	537	$215.30
2025-02-14	Wolf Alexander	Buy	737	$216.05
2025-02-14	Wolf Alexander	Buy	409	$216.05
2025-02-14	Wolf Alexander	Buy	299	$215.30
2025-02-13	Wolf Alexander	Buy	1.1K	$214.29
2025-02-13	Wolf Alexander	Buy	649	$215.73
2025-02-13	Wolf Alexander	Buy	914	$214.29
2025-02-13	Wolf Alexander	Buy	520	$215.73
2025-02-13	Wolf Alexander	Buy	520	$215.73
2025-02-13	Wolf Alexander	Buy	914	$214.29
2025-02-13	Wolf Alexander	Buy	1.1K	$214.29
2025-02-13	Wolf Alexander	Buy	649	$215.73
2025-02-13	Wolf Alexander	Buy	2.1K	$214.29
2025-02-13	Wolf Alexander	Buy	1.2K	$215.73
2025-02-11	Eaton Timothy Mathias	Tax withheld	61	$223.08
2025-02-11	Eaton Timothy Mathias	Tax withheld	28	$223.08
2025-02-11	Eaton Timothy Mathias	Tax withheld	33	$223.08
2025-02-11	Eaton Timothy Mathias	Tax withheld	22	$223.08
2025-02-10	Barat Elizabeth Erin	Tax withheld	77	$223.08
2025-02-10	Eaton Timothy Mathias	Tax withheld	56	$223.08
2025-02-10	Barat Elizabeth Erin	Tax withheld	32	$223.08
2025-02-10	Mazza Matthew S	Grant	6.8K	—
2025-02-10	Mazza Matthew S	Tax withheld	809	$223.08
2025-02-10	Mazza Matthew S	Tax withheld	331	$223.08
2025-02-10	Mazza Matthew S	Tax withheld	288	$223.08
2025-02-10	Mazza Matthew S	Tax withheld	143	$223.08
2025-02-10	Mazza Matthew S	Tax withheld	207	$223.08
2025-02-10	Mazza Matthew S	Tax withheld	121	$223.08
2025-02-10	Mazza Matthew S	Tax withheld	117	$223.08
2025-02-10	Trigg William Shane	Grant	13K	—
2025-02-10	Trigg William Shane	Tax withheld	1.7K	$223.08
2025-02-10	Trigg William Shane	Tax withheld	407	$223.08
2025-02-10	Trigg William Shane	Tax withheld	1.7K	$223.08
2025-02-10	Trigg William Shane	Tax withheld	238	$223.08
2025-02-10	Trigg William Shane	Tax withheld	795	$223.08
2025-02-10	Trigg William Shane	Tax withheld	377	$223.08
2025-02-10	Trigg William Shane	Tax withheld	219	$223.08
2025-02-10	Barat Elizabeth Erin	Grant	6.4K	—
2025-02-10	Barat Elizabeth Erin	Tax withheld	760	$223.08
2025-02-10	Barat Elizabeth Erin	Tax withheld	82	$223.08
2025-02-10	Barat Elizabeth Erin	Tax withheld	149	$223.08
2025-02-10	Barat Elizabeth Erin	Tax withheld	55	$223.08
2025-02-10	Barat Elizabeth Erin	Tax withheld	61	$223.08
2025-02-10	Barat Elizabeth Erin	Tax withheld	62	$223.08
2025-02-10	Barat Elizabeth Erin	Tax withheld	103	$223.08
2025-01-29	Trigg William Shane	Grant	6.4K	—
2025-01-28	Mazza Matthew S	Grant	2.9K	—
2025-01-23	Mazza Matthew S	Sell	838	$255.30

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-15	Shareholder vote	filing ↗
2026-04-23	Results	filing ↗
2026-04-10	Exec/director changeExhibits	filing ↗
2026-01-29	ResultsExhibits	filing ↗
2026-01-15	Exec/director change	filing ↗
2025-12-03	Exec/director changeExhibits	filing ↗
2025-11-18	Reg FDExhibits	filing ↗
2025-10-30	ResultsExec/director changeExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-15	2026-06-12	0001433195-26-000034 ↗
8-K	2026-04-23	2026-04-23	0001433195-26-000021 ↗
10-Q	2026-04-23	2026-03-31	0001433195-26-000023 ↗
8-K	2026-04-10	2026-04-09	0001433195-26-000016 ↗
10-K	2026-02-05	2025-12-31	0001433195-26-000011 ↗
8-K	2026-01-29	2026-01-29	0001433195-26-000006 ↗
8-K	2026-01-15	2026-01-12	0001433195-26-000003 ↗
8-K	2025-12-03	2025-11-27	0001433195-25-000147 ↗
8-K	2025-11-18	2025-11-18	0001433195-25-000145 ↗
8-K	2025-10-30	2025-10-30	0001433195-25-000140 ↗
10-Q	2025-10-30	2025-09-30	0001433195-25-000142 ↗
8-K	2025-10-03	2025-09-30	0001433195-25-000134 ↗