Bliss Timothy K's Form 4 filing
Appfolio Inc (APPF) · filed Jun 14, 2022
- Accession no.
- 0000899243-22-022442
- Filed
- Jun 14, 2022
- Trade date
- May 20-Jun 14, 2022
- Filing delay
- 25 daysLate
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market sales total $642.0K. It was filed 25 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Bliss Timothy KCIK 0000938332 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 20, 2022 | Class A Common Stock | GGiftDisposed | −10,000 | $0.00F1,F2,F3 | $0 | 0 | Direct | |
| Jun 10, 2022 | Class A Common Stock | CConversionAcquired | +25,000 | $0.00F2,F3,F4 | $0 | 25,000 | Direct | |
| Jun 14, 2022 | Class A Common Stock | SSaleDisposed | −7,320 | $87.70F5 | −$641,964 | 17,680 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 10, 2022 | Class A Common Stock | CConversionDisposed | −25,000 | $0.00 | $0 | 842,549 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
These 10,000 shares of the Issuer's Class A Common Stock ("Class A Shares") were donated by the Reporting Person to a charitable organization.
Referenced by the price of 1 transaction in Table I.
- F2
Each share of the Issuer's Class B Common Stock ("Class B Shares") 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 the Issuer's Amended and Restated Certificate of Incorporation).
Referenced by the price of 2 transactions in Table I.
- F3
(Continued from Footnote 2) The Issuer'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 Issuer's outstanding Class B Shares represents less than 10% of the sum of its outstanding Class A Shares and Class B Shares.
Referenced by the price of 2 transactions in Table I.
- F4
These 25,000 Class A Shares were acquired by the Reporting Person upon the conversion of 25,000 Class B Shares that had been owned by the Reporting Person.
Referenced by the price of 1 transaction in Table I.
- F5
This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $86.11 to $90.22, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.