Company: APPF
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001433195-25-000055
Chunk: 65

Company: APPFOLIO INC
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 4
Chunk 65
---
5 to January 31, 2025— $— — $— February 1, 2025 to February 28, 2025164$213.5 164 $60.8 March 1, 2025 to March 31, 2025281$215.9 281 $0.1 Total445215.05445 

(1) On February 20, 2019, our Board authorized the repurchase of up to  $100.0 million of shares of our Class A common stock pursuant to the 2019 Stock Repurchase Program. The 2019 Stock Repurchase Program had no expiration date. During the first quarter of 2025, we substantially exhausted the shares remaining available for repurchase under the 2019 Stock Repurchase Program. On April 23, 2025, our Board  authorized the repurchase of up to $300.0 million shares of our Class A common stock 

21

pursuant to the 2025 Stock Repurchase Program. For more information regarding the 2019 Stock Repurchase Program and the 2025 Stock Repurchase Program, refer to Note 7, Share Repurchase Program, of our Condensed Consolidated Financial Statements and Part I, Item 2, "Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources" of this Quarterly Report.

(2)  Average price paid per share includes costs associated with the repurchases.

Item 5. Other Information

(c)    On February 7, 2025, Matt Mazza, our Chief Trust Officer, terminated his previously reported Rule 10b5-1 trading arrangement, which was adopted on May 16, 2024. The trading plan was entered into and terminated during an open insider trading window.

On March 14, 2025, Janet Kerr, a member of our Board, adopted a Rule 10b5-1 trading arrangement providing for the sale of up to 2,500 shares of our Class A common stock between September 8, 2025 and December 31, 2025. Ms. Kerr's trading plan was entered into during an open insider trading window and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act.

Item 6. Exhibits

  ExhibitNumber  Description of Document10.1First Amendment to Non-Employee Director Deferred Compensation Plan