Company: APPF
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001433195-25-000061
Chunk: 40

Company: APPFOLIO INC
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 40
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 2024 Performance Metrics.

The actual number of shares of our Class A Common Stock to be issued in settlement of any given 2024 PSU Award ranges from 0% to 170% of the target 2024 PSU Award Class A Common Stock amount, as determined by a payout curve. The threshold, target, and maximum levels for each 2024 PSU Award performance metric are outlined in the table below. In alignment with the 2024 Performance Metrics and payout curves described above, and following a review of applicable financial results, our Compensation Committee approved the following achievements:

|                                |     | Threshold  |     |        |     | Target     |     |        |     | Maximum    |     |        |     |               |
| Name                           |     | Attainment |     | Payout |     | Attainment |     | Payout |     | Attainment |     | Payout |     | Actual Payout |
| Booked Residential Units       |     | 85%        |     | 50%    |     | 100%       |     | 100%   |     | 120%       |     | 200%   |     | 102%          |
| Revenue                        |     | 97%        |     | 75%    |     | 100%       |     | 100%   |     | 106%       |     | 150%   |     | 123%          |
| Adjusted GAAP Operating Margin |     | 85%        |     | 50%    |     | 100%       |     | 100%   |     | 115%       |     | 150%   |     | 150%          |
| Blended Payout                 |     |            |     |        |     |            |     |        |     |            |     |        |     | 123%          |

#### 2024 PSU Award Payouts
One-third of the 2024 PSU Awards vested in connection with the achievement of the performance metrics on February 10, 2025. The remaining two-thirds will fully vest in equal quarterly installments over the following two years, subject to the NEO’s continued employment through the applicable vesting dates.

The table below sets forth the actual aggregate number of shares of our Class A Common Stock issued, or to be issued, in settlement of the 2024 PSU Awards. These amounts are based on a blended achievement of 123% and are