AppFolio CFO Timothy Eaton's Tax Withholding Stock Dispositions

This Form 4 filing reports that Timothy Mathias Eaton, Chief Financial Officer of AppFolio Inc., disposed of 949 shares of Class A Common Stock on May 10, 2026, through tax withholding transactions. The shares were withheld by the company to satisfy minimum tax withholding obligations arising from the vesting of various equity awards. The dispositions included shares from performance-based restricted stock units (PSUs) granted on July 30, 2025, and time-based restricted stock units (RSUs) granted on multiple dates between March 2023 and January 2026 under the company's 2025 Omnibus Incentive Plan and 2015 Stock Incentive Plan. All transactions occurred at a price of $166.59 per share. Following these dispositions, Eaton's direct ownership decreased to 20,621 shares. These are routine tax withholding transactions rather than discretionary sales by the executive.