Sec Form 4 Filing - Wolf Alexander @ APPFOLIO INC - 2025-02-13

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Wolf Alexander 2. Issuer Name and Ticker or Trading Symbol APPFOLIO INC [ APPF] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) P.O. BOX 50440 3. Date of Earliest Transaction (MM/DD/YY) 02/13/2025 (Street) SANTA BARBARA, CA93150 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 02/13/2025 P 520 A $ 215.73 ( 1 ) 520 ( 2 ) I 2021 Hume Sibling Trust Class A Common Stock 02/13/2025 P 914 A $ 214.29 ( 3 ) 1,434 ( 2 ) I 2021 Hume Sibling Trust Class A Common Stock 02/13/2025 P 1,143 A $ 214.29 ( 3 ) 1,143 ( 4 ) I 2021 Wolf Ancestor Trust Class A Common Stock 02/13/2025 P 649 A $ 215.73 ( 1 ) 1,792 ( 4 ) I 2021 Wolf Ancestor Trust Class A Common Stock 02/13/2025 P 2,057 A $ 214.29 ( 3 ) 2,057 ( 5 ) I 2021 Wolf Descendants Trust Class A Common Stock 02/13/2025 P 1,169 A $ 215.73 ( 1 ) 3,226 ( 5 ) I 2021 Wolf Descendants Trust Class A Common Stock 02/13/2025 P 1,143 A $ 214.29 ( 3 ) 1,143 ( 6 ) I 2021 Hume Ancestor Trust Class A Common Stock 02/13/2025 P 649 A $ 215.73 ( 1 ) 1,792 ( 6 ) I 2021 Hume Ancestor Trust Class A Common Stock 02/13/2025 P 914 A $ 214.29 ( 3 ) 914 ( 7 ) I 2021 Wolf Sibling Trust Class A Common Stock 02/13/2025 P 520 A $ 215.73 ( 1 ) 1,434 ( 7 ) I 2021 Wolf Sibling Trust Class A Common Stock 02/14/2025 P 239 A $ 215.3 ( 8 ) 1,673 ( 2 ) I 2021 Hume Sibling Trust Class A Common Stock 02/14/2025 P 327 A $ 216.05 ( 9 ) 2,000 ( 2 ) I 2021 Hume Sibling Trust Class A Common Stock 02/14/2025 P 299 A $ 215.3 ( 8 ) 2,091 ( 4 ) I 2021 Wolf Ancestor Trust Class A Common Stock 02/14/2025 P 409 A $ 216.05 ( 9 ) 2,500 ( 4 ) I 2021 Wolf Ancestor Trust Class A Common Stock 02/14/2025 P 537 A $ 215.3 ( 8 ) 3,763 ( 5 ) I 2021 Wolf Descendants Trust Class A Common Stock 02/14/2025 P 737 A $ 216.05 ( 9 ) 4,500 ( 5 ) I 2021 Wolf Descendants Trust Class A Common Stock 02/14/2025 P 299 A $ 215.3 ( 8 ) 2,091 ( 6 ) I 2021 Hume Ancestor Trust Class A Common Stock 02/14/2025 P 409 A $ 216.05 ( 9 ) 2,500 ( 6 ) I 2021 Hume Ancestor Trust Class A Common Stock 02/14/2025 P 239 A $ 215.3 ( 8 ) 1,673 ( 7 ) I 2021 Wolf Sibling Trust Class A Common Stock 02/14/2025 P 327 A $ 216.05 ( 9 ) 2,000 ( 7 ) I 2021 Wolf Sibling Trust Class A Common Stock 182,584 I LWAW Revocable Trust ( 10 ) Class A Common Stock 2,000 I 2005 Hume Children's Trust ( 11 ) Class A Common Stock 23,000 I 2012 Children's Trust ( 12 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Wolf Alexander P.O. BOX 50440 SANTA BARBARA, CA93150 X Signatures /s/ Evan Pickering as Attorney-in-Fact for Alexander R. Wolf 02/18/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This transaction was executed in multiple trades with sales prices ranging from $215.03 to $215.98. 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. ( 2 )These shares are directly owned by the Hume Sibling's Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust. ( 3 )This transaction was executed in multiple trades with sales prices ranging from $213.78 to $214.53. 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. ( 4 )These shares are directly owned by the Wolf Ancestor's Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust. ( 5 )These shares are directly owned by the Wolf Descendants' Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust. ( 6 )These shares are directly owned by the Hume Ancestor's Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust. ( 7 )These shares are directly owned by the Wolf Sibling's Trust dated 4/24/2021. The reporting person is (i) an investment advisor to such trust and in that capacity may be deemed to have voting and dispositive power over such shares, and (ii) the settlor of such trust with the right to revoke the trust. ( 8 )This transaction was executed in multiple trades with sales prices ranging from $214.81 to $215.80. 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. ( 9 )This transaction was executed in multiple trades with sales prices ranging from $215.86 to $216.29. 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. ( 10 )The shares of Class A Common Stock reported on the table above are held by the LWAW Revocable Trust, dated 7/14/17, of which the reporting person and his spouse are the trustees. ( 11 )These shares are directly owned by the George H Hume Children's Trust dated 1/1/2005 FBO L Hume. The reporting person is an investment advisor to that trust and in that capacity may be deemed to have voting and dispositive power over such shares. ( 12 )These shares are directly owned by the Hume 2012 Irrevocable Children's Trust, dated 11/19/12. The reporting person is an investment advisor to that trust and in that capacity may be deemed to have voting and dispositive power over such shares.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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