4//SEC Filing
IGSB Internal Venture Fund III, LLC 4
Accession 0000899243-21-046858
CIK 0001433195other
Filed
Dec 2, 7:00 PM ET
Accepted
Dec 3, 8:49 PM ET
Size
7.2 KB
Accession
0000899243-21-046858
Insider Transaction Report
Form 4
APPFOLIO INCAPPF
IGSB Internal Venture Fund III, LLC
10% Owner
Transactions
- Other
Class B Common Stock
2021-12-01−993,627→ 0 totalExercise: $0.00→ Class A Common Stock (993,627 underlying)
Footnotes (3)
- [F1]On December 1, 2021, four investment funds of IGSB Internal Venture Fund III, LLC ("IVF III") were dissolved, resulting in the termination of each of those investment funds and the distribution of an aggregate of 993,627 shares of AppFolio Class B Common Stock ("Class B Shares") held by those investment funds, pro-rata to the investors in those investment funds. No consideration was paid by any of those investors for the Class B Shares distributed to them.
- [F2]Each Class B Share is convertible, at any time at the option of the holder, into one share of Appfolio Class A Common Stock ("Class A Shares"). 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 AppFolio's Amended and Restated Certificate of Incorporation).
- [F3](Continued from Footnote 2) AppFolio'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 Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A and Class B Shares.
Documents
Issuer
APPFOLIO INC
CIK 0001433195
Entity typeother
IncorporatedCA
Related Parties
1- filerCIK 0001645378
Filing Metadata
- Form type
- 4
- Filed
- Dec 2, 7:00 PM ET
- Accepted
- Dec 3, 8:49 PM ET
- Size
- 7.2 KB