{"transactions":[{"id":2477245,"issuer":{"id":15332,"kind":"organization","name":"CVENT HOLDING CORP.","symbol":"CVT"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"See Remarks"}}],"security":"Class B ordinary shares","published_at":"2021-12-10T15:47:13.000Z","date":"2021-12-07","kind":"other","acquired":false,"shares":6600000,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Includes 6,600,000 Class B ordinary shares of Dragoneer, par value $0.0001 per share (the \"Founder Shares\"), held in the name of Dragoneer Growth Opportunities Holdings II (the \"Sponsor\"). Marc Stad is the sole member of the ultimate general partner of Dragoneer Interco Holdings LP, which is the ultimate manager of Sponsor. As a result of the foregoing, Mr. Stad may be deemed to beneficially own the Founder Shares. Mr. Stad disclaims beneficial ownership over any of the Founder Shares other than to the extent of any pecuniary interest he may have therein, and the inclusion of the Founder Shares in this report shall not be deemed an admission of beneficial ownership of the Founder Shares."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"The ultimate managing member of Dragoneer Funding II is controlled by Marc Stad. Mr. Stad disclaims beneficial ownership over the securities reported herein, except to the extent of his pecuniary interest therein."}],"balance_after":6600000,"source":{"system":"sec-edgar","filing":"0000899243-21-047742","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000089924321047742/doc4.xml","form_type":"4"}},{"id":2477244,"issuer":{"id":15332,"kind":"organization","name":"CVENT HOLDING CORP.","symbol":"CVT"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"See Remarks"}}],"security":"Class A ordinary shares","published_at":"2021-12-10T15:47:13.000Z","date":"2021-12-07","kind":"grant","acquired":true,"shares":5000000,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"In connection with the consummation of the transactions contemplated by the Issuer's Forward Purchase Agreement dated October 29, 2020, by and between Dragoneer Growth Opportunities Corp. II (\"Dragoneer\") and Dragoneer Funding II LLC (\"Dragoneer Funding II\") (the \"FPA\"), Dragoneer Funding II purchased 5,000,000 Class A ordinary shares of Dragoneer, par value $0.0001 per share, from Dragoneer at a price of $10.00 per share and assigned them to Dragoneer Funding II-A LLC (\"Dragoneer Funding II-A\"), an affiliate of Dragoneer Funding II."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"In connection with the consummation of the transactions contemplated by the Issuer's Forward Purchase Agreement dated October 29, 2020, by and between Dragoneer Growth Opportunities Corp. II (\"Dragoneer\") and Dragoneer Funding II LLC (\"Dragoneer Funding II\") (the \"FPA\"), Dragoneer Funding II purchased 5,000,000 Class A ordinary shares of Dragoneer, par value $0.0001 per share, from Dragoneer at a price of $10.00 per share and assigned them to Dragoneer Funding II-A LLC (\"Dragoneer Funding II-A\"), an affiliate of Dragoneer Funding II."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"The ultimate managing member of Dragoneer Funding II is controlled by Marc Stad. Mr. Stad disclaims beneficial ownership over the securities reported herein, except to the extent of his pecuniary interest therein."}],"balance_after":5000000,"source":{"system":"sec-edgar","filing":"0000899243-21-047742","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000089924321047742/doc4.xml","form_type":"4"}},{"id":2620167,"issuer":{"id":4014,"kind":"organization","name":"CCC Intelligent Solutions Holdings Inc."},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"See Remarks"}},{"id":136765,"kind":"organization","name":"Dragoneer Growth Opportunities Holdings","position":2,"cik":"0001818202","reported_name":"Dragoneer Growth Opportunities Holdings","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Warrants","published_at":"2021-08-02T22:03:28.000Z","date":"2021-07-28","kind":"grant","acquired":true,"shares":15800000,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F3","text":"The Class B Ordinary Shares were assigned, without additional consideration, to funds advised by Willett Investment Advisors LLC pursuant to the terms of an agreement entered into with Willett Advisors LLC in connection with Dragoneer's initial public offering."},{"field":"kind","element":"transactionCoding","label":"F4","text":"In connection with the consummation of the transactions contemplated by the Issuer's Private Placement Warrants Purchase Agreement, dated August 13, 2020, by and between Dragoneer and Dragoneer Growth Opportunities Holdings (the \"Sponsor\"), on such date the Sponsor purchased 15,800,000 warrants from Dragoneer at a price of $1.00 per warrant. Each warrant entitles the holder to purchase one Class A ordinary share of Dragoneer at an exercise price of $11.50 per share, subject to adjustment. Such warrants were subsequently transferred to Dragoneer Funding I. Marc Stad is the managing member and shares voting and dispositive power over and may be deemed to beneficially own such shares. Marc Stad disclaims beneficial ownership over any securities owned by Dragoneer Funding I other than to the extent of any pecuniary interest he may have therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities"},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"The Class B Ordinary Shares were assigned, without additional consideration, to funds advised by Willett Investment Advisors LLC pursuant to the terms of an agreement entered into with Willett Advisors LLC in connection with Dragoneer's initial public offering."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"In connection with the consummation of the transactions contemplated by the Issuer's Forward Purchase Agreement dated August 12, 2021, by and between Dragoneer Growth Opportunities Corp. (\"Dragoneer\") and Dragoneer Funding LLC (\"Dragoneer Funding\") (the \"FPA\"), Dragoneer Funding purchased 15,000,000 Units from Dragoneer at a price of $10.00 per Unit and assigned them to Dragoneer Funding I LLC (\"Dragoneer Funding I\"), an affiliate of Dragoneer Funding. Each Unit comprised of one Class A ordinary share of Dragoneer, par value $0.0001 per share, and one-fifth of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"In connection with the consummation of the transactions contemplated by the Issuer's Forward Purchase Agreement dated August 12, 2021, by and between Dragoneer Growth Opportunities Corp. (\"Dragoneer\") and Dragoneer Funding LLC (\"Dragoneer Funding\") (the \"FPA\"), Dragoneer Funding purchased 15,000,000 Units from Dragoneer at a price of $10.00 per Unit and assigned them to Dragoneer Funding I LLC (\"Dragoneer Funding I\"), an affiliate of Dragoneer Funding. Each Unit comprised of one Class A ordinary share of Dragoneer, par value $0.0001 per share, and one-fifth of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F4","text":"In connection with the consummation of the transactions contemplated by the Issuer's Private Placement Warrants Purchase Agreement, dated August 13, 2020, by and between Dragoneer and Dragoneer Growth Opportunities Holdings (the \"Sponsor\"), on such date the Sponsor purchased 15,800,000 warrants from Dragoneer at a price of $1.00 per warrant. Each warrant entitles the holder to purchase one Class A ordinary share of Dragoneer at an exercise price of $11.50 per share, subject to adjustment. Such warrants were subsequently transferred to Dragoneer Funding I. Marc Stad is the managing member and shares voting and dispositive power over and may be deemed to beneficially own such shares. Marc Stad disclaims beneficial ownership over any securities owned by Dragoneer Funding I other than to the extent of any pecuniary interest he may have therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities"}],"balance_after":18800000,"derivative":{"underlying":"Class A ordinary shares","underlying_shares":15800000},"source":{"system":"sec-edgar","filing":"0000899243-21-031034","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1818201/000089924321031034/doc4.xml","form_type":"4"}},{"id":2620166,"issuer":{"id":4014,"kind":"organization","name":"CCC Intelligent Solutions Holdings Inc."},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"See Remarks"}},{"id":136765,"kind":"organization","name":"Dragoneer Growth Opportunities Holdings","position":2,"cik":"0001818202","reported_name":"Dragoneer Growth Opportunities Holdings","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Warrants","published_at":"2021-08-02T22:03:28.000Z","date":"2021-07-28","kind":"grant","acquired":true,"shares":3000000,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"In connection with the consummation of the transactions contemplated by the Issuer's Forward Purchase Agreement dated August 12, 2021, by and between Dragoneer Growth Opportunities Corp. (\"Dragoneer\") and Dragoneer Funding LLC (\"Dragoneer Funding\") (the \"FPA\"), Dragoneer Funding purchased 15,000,000 Units from Dragoneer at a price of $10.00 per Unit and assigned them to Dragoneer Funding I LLC (\"Dragoneer Funding I\"), an affiliate of Dragoneer Funding. Each Unit comprised of one Class A ordinary share of Dragoneer, par value $0.0001 per share, and one-fifth of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment."},{"field":"kind","element":"transactionCoding","label":"F1","text":"In connection with the consummation of the transactions contemplated by the Issuer's Forward Purchase Agreement dated August 12, 2021, by and between Dragoneer Growth Opportunities Corp. (\"Dragoneer\") and Dragoneer Funding LLC (\"Dragoneer Funding\") (the \"FPA\"), Dragoneer Funding purchased 15,000,000 Units from Dragoneer at a price of $10.00 per Unit and assigned them to Dragoneer Funding I LLC (\"Dragoneer Funding I\"), an affiliate of Dragoneer Funding. Each Unit comprised of one Class A ordinary share of Dragoneer, par value $0.0001 per share, and one-fifth of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"In connection with the consummation of the transactions contemplated by the Issuer's Forward Purchase Agreement dated August 12, 2021, by and between Dragoneer Growth Opportunities Corp. (\"Dragoneer\") and Dragoneer Funding LLC (\"Dragoneer Funding\") (the \"FPA\"), Dragoneer Funding purchased 15,000,000 Units from Dragoneer at a price of $10.00 per Unit and assigned them to Dragoneer Funding I LLC (\"Dragoneer Funding I\"), an affiliate of Dragoneer Funding. Each Unit comprised of one Class A ordinary share of Dragoneer, par value $0.0001 per share, and one-fifth of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"In connection with the consummation of the transactions contemplated by the Issuer's Forward Purchase Agreement dated August 12, 2021, by and between Dragoneer Growth Opportunities Corp. (\"Dragoneer\") and Dragoneer Funding LLC (\"Dragoneer Funding\") (the \"FPA\"), Dragoneer Funding purchased 15,000,000 Units from Dragoneer at a price of $10.00 per Unit and assigned them to Dragoneer Funding I LLC (\"Dragoneer Funding I\"), an affiliate of Dragoneer Funding. Each Unit comprised of one Class A ordinary share of Dragoneer, par value $0.0001 per share, and one-fifth of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"In connection with the consummation of the transactions contemplated by the Issuer's Forward Purchase Agreement dated August 12, 2021, by and between Dragoneer Growth Opportunities Corp. (\"Dragoneer\") and Dragoneer Funding LLC (\"Dragoneer Funding\") (the \"FPA\"), Dragoneer Funding purchased 15,000,000 Units from Dragoneer at a price of $10.00 per Unit and assigned them to Dragoneer Funding I LLC (\"Dragoneer Funding I\"), an affiliate of Dragoneer Funding. Each Unit comprised of one Class A ordinary share of Dragoneer, par value $0.0001 per share, and one-fifth of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"The ultimate managing member of Dragoneer Funding I is controlled by Marc Stad. Mr. Stad disclaims beneficial ownership over the securities reported herein, except to the extent of his pecuniary interest therein."}],"balance_after":3000000,"derivative":{"underlying":"Class A ordinary shares","underlying_shares":3000000},"source":{"system":"sec-edgar","filing":"0000899243-21-031034","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1818201/000089924321031034/doc4.xml","form_type":"4"}},{"id":2620165,"issuer":{"id":4014,"kind":"organization","name":"CCC Intelligent Solutions Holdings Inc."},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"See Remarks"}},{"id":136765,"kind":"organization","name":"Dragoneer Growth Opportunities Holdings","position":2,"cik":"0001818202","reported_name":"Dragoneer Growth Opportunities Holdings","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class B ordinary shares","published_at":"2021-08-02T22:03:28.000Z","date":"2021-07-29","kind":"other","acquired":false,"shares":214284,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"The Class B Ordinary Shares were assigned, without additional consideration, to funds advised by Willett Investment Advisors LLC pursuant to the terms of an agreement entered into with Willett Advisors LLC in connection with Dragoneer's initial public offering."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"The ultimate managing member of Dragoneer Funding I is controlled by Marc Stad. Mr. Stad disclaims beneficial ownership over the securities reported herein, except to the extent of his pecuniary interest therein."}],"balance_after":16660716,"source":{"system":"sec-edgar","filing":"0000899243-21-031034","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1818201/000089924321031034/doc4.xml","form_type":"4"}},{"id":2620164,"issuer":{"id":4014,"kind":"organization","name":"CCC Intelligent Solutions Holdings Inc."},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"See Remarks"}},{"id":136765,"kind":"organization","name":"Dragoneer Growth Opportunities Holdings","position":2,"cik":"0001818202","reported_name":"Dragoneer Growth Opportunities Holdings","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A ordinary shares","published_at":"2021-08-02T22:03:28.000Z","date":"2021-07-29","kind":"grant","acquired":true,"shares":15000000,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"In connection with the consummation of the transactions contemplated by the Issuer's Forward Purchase Agreement dated August 12, 2021, by and between Dragoneer Growth Opportunities Corp. (\"Dragoneer\") and Dragoneer Funding LLC (\"Dragoneer Funding\") (the \"FPA\"), Dragoneer Funding purchased 15,000,000 Units from Dragoneer at a price of $10.00 per Unit and assigned them to Dragoneer Funding I LLC (\"Dragoneer Funding I\"), an affiliate of Dragoneer Funding. Each Unit comprised of one Class A ordinary share of Dragoneer, par value $0.0001 per share, and one-fifth of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"In connection with the consummation of the transactions contemplated by the Issuer's Forward Purchase Agreement dated August 12, 2021, by and between Dragoneer Growth Opportunities Corp. (\"Dragoneer\") and Dragoneer Funding LLC (\"Dragoneer Funding\") (the \"FPA\"), Dragoneer Funding purchased 15,000,000 Units from Dragoneer at a price of $10.00 per Unit and assigned them to Dragoneer Funding I LLC (\"Dragoneer Funding I\"), an affiliate of Dragoneer Funding. Each Unit comprised of one Class A ordinary share of Dragoneer, par value $0.0001 per share, and one-fifth of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"The ultimate managing member of Dragoneer Funding I is controlled by Marc Stad. Mr. Stad disclaims beneficial ownership over the securities reported herein, except to the extent of his pecuniary interest therein."}],"balance_after":15000000,"source":{"system":"sec-edgar","filing":"0000899243-21-031034","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1818201/000089924321031034/doc4.xml","form_type":"4"}},{"id":4236626,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class B Common Stock","published_at":"2017-08-11T17:47:53.000Z","date":"2017-08-09","kind":"exercise","acquired":false,"shares":447794,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective August 9, 2017, the Dragoneer Entities (as defined below) voluntarily converted 447,794 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 260,305 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective August 9, 2017, the Dragoneer Entities (as defined below) voluntarily converted 447,794 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 260,305 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F6","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective August 9, 2017, the Dragoneer Entities (as defined below) voluntarily converted 447,794 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 260,305 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F6","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F4","text":"The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad."}],"balance_after":0,"derivative":{"underlying":"Class B Common Stock","underlying_shares":447794},"source":{"system":"sec-edgar","filing":"0001209191-17-048651","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":10,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048651/doc4.xml","form_type":"4"}},{"id":4236625,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class B Common Stock","published_at":"2017-08-11T17:47:53.000Z","date":"2017-08-09","kind":"exercise","acquired":false,"shares":31210,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective August 9, 2017, 31,210 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective August 9, 2017, 31,210 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F6","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective August 9, 2017, 31,210 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F6","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."}],"balance_after":0,"derivative":{"underlying":"Class B Common Stock","underlying_shares":31210},"source":{"system":"sec-edgar","filing":"0001209191-17-048651","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048651/doc4.xml","form_type":"4"}},{"id":4236624,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-11T17:47:53.000Z","date":"2017-08-10","kind":"sale","acquired":false,"shares":143067,"price":36,"value":5150412.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F5","text":"Certain Dragoneer Entities and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad sold shares of Class A Common Stock reported in the table above. On August 9, 2017 and August 10, 2017, respectively, Dragoneer Global Fund II sold 27,404 and 85,285 shares of Class A Common Stock, Dragoneer Apartment Fund sold 10,794 and 33,590 shares of Class A Common Stock, and certain other funds and managed accounts associted with the Dragoneer Entities and Mr. Stad sold 7,775 and 24,192 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Certain Dragoneer Entities and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad sold shares of Class A Common Stock reported in the table above. On August 9, 2017 and August 10, 2017, respectively, Dragoneer Global Fund II sold 27,404 and 85,285 shares of Class A Common Stock, Dragoneer Apartment Fund sold 10,794 and 33,590 shares of Class A Common Stock, and certain other funds and managed accounts associted with the Dragoneer Entities and Mr. Stad sold 7,775 and 24,192 shares of Class A Common Stock."}],"balance_after":1320692,"source":{"system":"sec-edgar","filing":"0001209191-17-048651","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":8,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048651/doc4.xml","form_type":"4"}},{"id":4236623,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-11T17:47:53.000Z","date":"2017-08-10","kind":"sale","acquired":false,"shares":6933,"price":36,"value":249588.0,"ownership":{"direct":true},"balance_after":63993,"source":{"system":"sec-edgar","filing":"0001209191-17-048651","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":7,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048651/doc4.xml","form_type":"4"}},{"id":4236622,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-11T17:47:53.000Z","date":"2017-08-09","kind":"sale","acquired":false,"shares":22128,"price":36.8,"value":814310.4,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F5","text":"Certain Dragoneer Entities and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad sold shares of Class A Common Stock reported in the table above. On August 9, 2017 and August 10, 2017, respectively, Dragoneer Global Fund II sold 27,404 and 85,285 shares of Class A Common Stock, Dragoneer Apartment Fund sold 10,794 and 33,590 shares of Class A Common Stock, and certain other funds and managed accounts associted with the Dragoneer Entities and Mr. Stad sold 7,775 and 24,192 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Certain Dragoneer Entities and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad sold shares of Class A Common Stock reported in the table above. On August 9, 2017 and August 10, 2017, respectively, Dragoneer Global Fund II sold 27,404 and 85,285 shares of Class A Common Stock, Dragoneer Apartment Fund sold 10,794 and 33,590 shares of Class A Common Stock, and certain other funds and managed accounts associted with the Dragoneer Entities and Mr. Stad sold 7,775 and 24,192 shares of Class A Common Stock."}],"balance_after":1463759,"source":{"system":"sec-edgar","filing":"0001209191-17-048651","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048651/doc4.xml","form_type":"4"}},{"id":4236621,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-11T17:47:53.000Z","date":"2017-08-09","kind":"sale","acquired":false,"shares":1072,"price":36.8,"value":39449.6,"ownership":{"direct":true},"balance_after":70926,"source":{"system":"sec-edgar","filing":"0001209191-17-048651","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048651/doc4.xml","form_type":"4"}},{"id":4236620,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-11T17:47:53.000Z","date":"2017-08-09","kind":"sale","acquired":false,"shares":23845,"price":36.7,"value":875111.5,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F5","text":"Certain Dragoneer Entities and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad sold shares of Class A Common Stock reported in the table above. On August 9, 2017 and August 10, 2017, respectively, Dragoneer Global Fund II sold 27,404 and 85,285 shares of Class A Common Stock, Dragoneer Apartment Fund sold 10,794 and 33,590 shares of Class A Common Stock, and certain other funds and managed accounts associted with the Dragoneer Entities and Mr. Stad sold 7,775 and 24,192 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Certain Dragoneer Entities and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad sold shares of Class A Common Stock reported in the table above. On August 9, 2017 and August 10, 2017, respectively, Dragoneer Global Fund II sold 27,404 and 85,285 shares of Class A Common Stock, Dragoneer Apartment Fund sold 10,794 and 33,590 shares of Class A Common Stock, and certain other funds and managed accounts associted with the Dragoneer Entities and Mr. Stad sold 7,775 and 24,192 shares of Class A Common Stock."}],"balance_after":1485887,"source":{"system":"sec-edgar","filing":"0001209191-17-048651","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048651/doc4.xml","form_type":"4"}},{"id":4236619,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-11T17:47:53.000Z","date":"2017-08-09","kind":"sale","acquired":false,"shares":1155,"price":36.7,"value":42388.5,"ownership":{"direct":true},"balance_after":71998,"source":{"system":"sec-edgar","filing":"0001209191-17-048651","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048651/doc4.xml","form_type":"4"}},{"id":4236618,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-11T17:47:53.000Z","date":"2017-08-09","kind":"exercise","acquired":true,"shares":447794,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective August 9, 2017, the Dragoneer Entities (as defined below) voluntarily converted 447,794 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 260,305 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F4","text":"The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad."}],"balance_after":1509732,"source":{"system":"sec-edgar","filing":"0001209191-17-048651","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048651/doc4.xml","form_type":"4"}},{"id":4236617,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-11T17:47:53.000Z","date":"2017-08-09","kind":"exercise","acquired":true,"shares":31210,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective August 9, 2017, 31,210 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."}],"balance_after":73153,"source":{"system":"sec-edgar","filing":"0001209191-17-048651","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048651/doc4.xml","form_type":"4"}},{"id":4240173,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-08T17:51:05.000Z","date":"2017-08-08","kind":"sale","acquired":false,"shares":69912,"price":38.06,"value":2660850.72,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 4, 2017 and August 8, 2017, respectively, Dragoneer Global Fund II sold 159,199 and 126,960 shares of Class A Common Stock, Dragoneer Apartment Fund sold 62,700 and 50,004 shares of Class A Common Stock, and certain other funds and managed accounts sold 45,161 and 36,016 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 4, 2017 and August 8, 2017, respectively, Dragoneer Global Fund II sold 159,199 and 126,960 shares of Class A Common Stock, Dragoneer Apartment Fund sold 62,700 and 50,004 shares of Class A Common Stock, and certain other funds and managed accounts sold 45,161 and 36,016 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1061938,"source":{"system":"sec-edgar","filing":"0001209191-17-048148","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":8,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048148/doc4.xml","form_type":"4"}},{"id":4240172,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-08T17:51:05.000Z","date":"2017-08-08","kind":"sale","acquired":false,"shares":3388,"price":38.06,"value":128947.28,"ownership":{"direct":true},"balance_after":41943,"source":{"system":"sec-edgar","filing":"0001209191-17-048148","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":7,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048148/doc4.xml","form_type":"4"}},{"id":4240171,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-08T17:51:05.000Z","date":"2017-08-08","kind":"sale","acquired":false,"shares":95379,"price":38.03,"value":3627263.37,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 4, 2017 and August 8, 2017, respectively, Dragoneer Global Fund II sold 159,199 and 126,960 shares of Class A Common Stock, Dragoneer Apartment Fund sold 62,700 and 50,004 shares of Class A Common Stock, and certain other funds and managed accounts sold 45,161 and 36,016 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 4, 2017 and August 8, 2017, respectively, Dragoneer Global Fund II sold 159,199 and 126,960 shares of Class A Common Stock, Dragoneer Apartment Fund sold 62,700 and 50,004 shares of Class A Common Stock, and certain other funds and managed accounts sold 45,161 and 36,016 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1131850,"source":{"system":"sec-edgar","filing":"0001209191-17-048148","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048148/doc4.xml","form_type":"4"}},{"id":4240170,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-08T17:51:05.000Z","date":"2017-08-08","kind":"sale","acquired":false,"shares":4621,"price":38.03,"value":175736.63,"ownership":{"direct":true},"balance_after":45331,"source":{"system":"sec-edgar","filing":"0001209191-17-048148","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048148/doc4.xml","form_type":"4"}},{"id":4240169,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-08T17:51:05.000Z","date":"2017-08-08","kind":"sale","acquired":false,"shares":47689,"price":38.02,"value":1813135.78,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 4, 2017 and August 8, 2017, respectively, Dragoneer Global Fund II sold 159,199 and 126,960 shares of Class A Common Stock, Dragoneer Apartment Fund sold 62,700 and 50,004 shares of Class A Common Stock, and certain other funds and managed accounts sold 45,161 and 36,016 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 4, 2017 and August 8, 2017, respectively, Dragoneer Global Fund II sold 159,199 and 126,960 shares of Class A Common Stock, Dragoneer Apartment Fund sold 62,700 and 50,004 shares of Class A Common Stock, and certain other funds and managed accounts sold 45,161 and 36,016 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1227229,"source":{"system":"sec-edgar","filing":"0001209191-17-048148","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048148/doc4.xml","form_type":"4"}},{"id":4240168,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-08T17:51:05.000Z","date":"2017-08-08","kind":"sale","acquired":false,"shares":2311,"price":38.02,"value":87864.22,"ownership":{"direct":true},"balance_after":49952,"source":{"system":"sec-edgar","filing":"0001209191-17-048148","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048148/doc4.xml","form_type":"4"}},{"id":4240167,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-08T17:51:05.000Z","date":"2017-08-04","kind":"sale","acquired":false,"shares":267060,"price":34,"value":9080040.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 4, 2017 and August 8, 2017, respectively, Dragoneer Global Fund II sold 159,199 and 126,960 shares of Class A Common Stock, Dragoneer Apartment Fund sold 62,700 and 50,004 shares of Class A Common Stock, and certain other funds and managed accounts sold 45,161 and 36,016 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 4, 2017 and August 8, 2017, respectively, Dragoneer Global Fund II sold 159,199 and 126,960 shares of Class A Common Stock, Dragoneer Apartment Fund sold 62,700 and 50,004 shares of Class A Common Stock, and certain other funds and managed accounts sold 45,161 and 36,016 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1274918,"source":{"system":"sec-edgar","filing":"0001209191-17-048148","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048148/doc4.xml","form_type":"4"}},{"id":4240166,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-08T17:51:05.000Z","date":"2017-08-04","kind":"sale","acquired":false,"shares":12940,"price":34,"value":439960.0,"ownership":{"direct":true},"balance_after":52263,"source":{"system":"sec-edgar","filing":"0001209191-17-048148","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117048148/doc4.xml","form_type":"4"}},{"id":4243710,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-03T17:28:05.000Z","date":"2017-08-03","kind":"sale","acquired":false,"shares":21746,"price":34.24,"value":744583.04,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 1, 2017 and August 3, 2017, respectively, Dragoneer Global Fund II sold 14,214 and 41,392 shares of Class A Common Stock, Dragoneer Apartment Fund sold 5,598 and 16,302 shares of Class A Common Stock, and certain other funds and managed accounts sold 4,033 and 11,741 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 1, 2017 and August 3, 2017, respectively, Dragoneer Global Fund II sold 14,214 and 41,392 shares of Class A Common Stock, Dragoneer Apartment Fund sold 5,598 and 16,302 shares of Class A Common Stock, and certain other funds and managed accounts sold 4,033 and 11,741 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1541978,"source":{"system":"sec-edgar","filing":"0001209191-17-047456","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117047456/doc4.xml","form_type":"4"}},{"id":4243709,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-03T17:28:05.000Z","date":"2017-08-03","kind":"sale","acquired":false,"shares":1054,"price":34.24,"value":36088.96,"ownership":{"direct":true},"balance_after":65203,"source":{"system":"sec-edgar","filing":"0001209191-17-047456","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117047456/doc4.xml","form_type":"4"}},{"id":4243708,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-03T17:28:05.000Z","date":"2017-08-03","kind":"sale","acquired":false,"shares":47689,"price":34.2,"value":1630963.8,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 1, 2017 and August 3, 2017, respectively, Dragoneer Global Fund II sold 14,214 and 41,392 shares of Class A Common Stock, Dragoneer Apartment Fund sold 5,598 and 16,302 shares of Class A Common Stock, and certain other funds and managed accounts sold 4,033 and 11,741 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 1, 2017 and August 3, 2017, respectively, Dragoneer Global Fund II sold 14,214 and 41,392 shares of Class A Common Stock, Dragoneer Apartment Fund sold 5,598 and 16,302 shares of Class A Common Stock, and certain other funds and managed accounts sold 4,033 and 11,741 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1563724,"source":{"system":"sec-edgar","filing":"0001209191-17-047456","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117047456/doc4.xml","form_type":"4"}},{"id":4243707,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-03T17:28:05.000Z","date":"2017-08-03","kind":"sale","acquired":false,"shares":2311,"price":34.2,"value":79036.2,"ownership":{"direct":true},"balance_after":66257,"source":{"system":"sec-edgar","filing":"0001209191-17-047456","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117047456/doc4.xml","form_type":"4"}},{"id":4243706,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-03T17:28:05.000Z","date":"2017-08-01","kind":"sale","acquired":false,"shares":23845,"price":34.9,"value":832190.5,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 1, 2017 and August 3, 2017, respectively, Dragoneer Global Fund II sold 14,214 and 41,392 shares of Class A Common Stock, Dragoneer Apartment Fund sold 5,598 and 16,302 shares of Class A Common Stock, and certain other funds and managed accounts sold 4,033 and 11,741 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On August 1, 2017 and August 3, 2017, respectively, Dragoneer Global Fund II sold 14,214 and 41,392 shares of Class A Common Stock, Dragoneer Apartment Fund sold 5,598 and 16,302 shares of Class A Common Stock, and certain other funds and managed accounts sold 4,033 and 11,741 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1611413,"source":{"system":"sec-edgar","filing":"0001209191-17-047456","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117047456/doc4.xml","form_type":"4"}},{"id":4243705,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-08-03T17:28:05.000Z","date":"2017-08-01","kind":"sale","acquired":false,"shares":1155,"price":34.9,"value":40309.5,"ownership":{"direct":true},"balance_after":68568,"source":{"system":"sec-edgar","filing":"0001209191-17-047456","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117047456/doc4.xml","form_type":"4"}},{"id":4248462,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-31T16:32:33.000Z","date":"2017-07-27","kind":"sale","acquired":false,"shares":71534,"price":35.01,"value":2504405.34,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 42,643 shares of Class A Common Stock, Dragoneer Apartment Fund sold 16,794 shares of Class A Common Stock, and certain other funds and managed accounts sold 12,097 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 42,643 shares of Class A Common Stock, Dragoneer Apartment Fund sold 16,794 shares of Class A Common Stock, and certain other funds and managed accounts sold 12,097 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1635258,"source":{"system":"sec-edgar","filing":"0001209191-17-046686","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117046686/doc4.xml","form_type":"4"}},{"id":4248461,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-31T16:32:33.000Z","date":"2017-07-27","kind":"sale","acquired":false,"shares":3466,"price":35.01,"value":121344.66,"ownership":{"direct":true},"balance_after":69723,"source":{"system":"sec-edgar","filing":"0001209191-17-046686","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117046686/doc4.xml","form_type":"4"}},{"id":4251889,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-25T16:57:25.000Z","date":"2017-07-25","kind":"sale","acquired":false,"shares":23845,"price":35,"value":834575.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On July 21, 2017 and July 25, 2017, respectively, Dragoneer Global Fund II sold 28,429 and 14,214 shares of Class A Common Stock, Dragoneer Apartment Fund sold 11,196 and 5,598 shares of Class A Common Stock, and certain other funds and managed accounts sold 8,064 and 4,033 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On July 21, 2017 and July 25, 2017, respectively, Dragoneer Global Fund II sold 28,429 and 14,214 shares of Class A Common Stock, Dragoneer Apartment Fund sold 11,196 and 5,598 shares of Class A Common Stock, and certain other funds and managed accounts sold 8,064 and 4,033 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1706792,"source":{"system":"sec-edgar","filing":"0001209191-17-046204","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117046204/doc4.xml","form_type":"4"}},{"id":4251888,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-25T16:57:25.000Z","date":"2017-07-25","kind":"sale","acquired":false,"shares":1155,"price":35,"value":40425.0,"ownership":{"direct":true},"balance_after":73189,"source":{"system":"sec-edgar","filing":"0001209191-17-046204","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117046204/doc4.xml","form_type":"4"}},{"id":4251887,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-25T16:57:25.000Z","date":"2017-07-21","kind":"sale","acquired":false,"shares":47689,"price":35.24,"value":1680560.36,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On July 21, 2017 and July 25, 2017, respectively, Dragoneer Global Fund II sold 28,429 and 14,214 shares of Class A Common Stock, Dragoneer Apartment Fund sold 11,196 and 5,598 shares of Class A Common Stock, and certain other funds and managed accounts sold 8,064 and 4,033 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. On July 21, 2017 and July 25, 2017, respectively, Dragoneer Global Fund II sold 28,429 and 14,214 shares of Class A Common Stock, Dragoneer Apartment Fund sold 11,196 and 5,598 shares of Class A Common Stock, and certain other funds and managed accounts sold 8,064 and 4,033 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1730637,"source":{"system":"sec-edgar","filing":"0001209191-17-046204","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117046204/doc4.xml","form_type":"4"}},{"id":4251886,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-25T16:57:25.000Z","date":"2017-07-21","kind":"sale","acquired":false,"shares":2311,"price":35.24,"value":81439.64,"ownership":{"direct":true},"balance_after":74344,"source":{"system":"sec-edgar","filing":"0001209191-17-046204","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117046204/doc4.xml","form_type":"4"}},{"id":4256424,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-17T16:26:10.000Z","date":"2017-07-13","kind":"sale","acquired":false,"shares":19945,"price":32.5,"value":648212.5,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 11,890 shares of Class A Common Stock, Dragoneer Apartment Fund sold 4,682 shares of Class A Common Stock, and certain other funds and managed accounts sold 3,373 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 11,890 shares of Class A Common Stock, Dragoneer Apartment Fund sold 4,682 shares of Class A Common Stock, and certain other funds and managed accounts sold 3,373 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1778326,"source":{"system":"sec-edgar","filing":"0001209191-17-045347","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117045347/doc4.xml","form_type":"4"}},{"id":4256423,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-17T16:26:10.000Z","date":"2017-07-13","kind":"sale","acquired":false,"shares":966,"price":32.5,"value":31395.0,"ownership":{"direct":true},"balance_after":76655,"source":{"system":"sec-edgar","filing":"0001209191-17-045347","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117045347/doc4.xml","form_type":"4"}},{"id":4259992,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-10T16:31:44.000Z","date":"2017-07-06","kind":"sale","acquired":false,"shares":95379,"price":31.5,"value":3004438.5,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 56,856 shares of Class A Common Stock, Dragoneer Apartment Fund sold 22,394 shares of Class A Common Stock, and certain other funds and managed accounts sold 16,129 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 56,856 shares of Class A Common Stock, Dragoneer Apartment Fund sold 22,394 shares of Class A Common Stock, and certain other funds and managed accounts sold 16,129 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1798271,"source":{"system":"sec-edgar","filing":"0001209191-17-044573","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117044573/doc4.xml","form_type":"4"}},{"id":4259991,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-10T16:31:44.000Z","date":"2017-07-06","kind":"sale","acquired":false,"shares":4621,"price":31.5,"value":145561.5,"ownership":{"direct":true},"balance_after":77621,"source":{"system":"sec-edgar","filing":"0001209191-17-044573","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117044573/doc4.xml","form_type":"4"}},{"id":4267655,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class B Common Stock","published_at":"2017-07-03T13:23:40.000Z","date":"2017-06-29","kind":"exercise","acquired":false,"shares":447795,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 29, 2017, the Dragoneer Entities (as defined below) voluntarily converted 447,795 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 260,305 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 29, 2017, the Dragoneer Entities (as defined below) voluntarily converted 447,795 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 260,305 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F6","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 29, 2017, the Dragoneer Entities (as defined below) voluntarily converted 447,795 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 260,305 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F6","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F4","text":"The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad."}],"balance_after":447794,"derivative":{"underlying":"Class B Common Stock","underlying_shares":447795},"source":{"system":"sec-edgar","filing":"0001209191-17-042741","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117042741/doc4.xml","form_type":"4"}},{"id":4267654,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class B Common Stock","published_at":"2017-07-03T13:23:40.000Z","date":"2017-06-29","kind":"exercise","acquired":false,"shares":61084,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 29, 2017, 61,084 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 29, 2017, 61,084 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F6","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 29, 2017, 61,084 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F6","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."}],"balance_after":31210,"derivative":{"underlying":"Class B Common Stock","underlying_shares":61084},"source":{"system":"sec-edgar","filing":"0001209191-17-042741","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117042741/doc4.xml","form_type":"4"}},{"id":4267653,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-03T13:23:40.000Z","date":"2017-06-30","kind":"sale","acquired":false,"shares":47689,"price":32.26,"value":1538447.14,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F5","text":"Certain Dragoneer Entities and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 28,429 shares of Class A Common Stock, Dragoneer Apartment Fund sold 11,196 shares of Class A Common Stock, and certain other funds and managed accounts associted with the Dragoneer Entities and Mr. Stad sold 8,064 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Certain Dragoneer Entities and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 28,429 shares of Class A Common Stock, Dragoneer Apartment Fund sold 11,196 shares of Class A Common Stock, and certain other funds and managed accounts associted with the Dragoneer Entities and Mr. Stad sold 8,064 shares of Class A Common Stock."}],"balance_after":1893650,"source":{"system":"sec-edgar","filing":"0001209191-17-042741","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117042741/doc4.xml","form_type":"4"}},{"id":4267652,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-03T13:23:40.000Z","date":"2017-06-30","kind":"sale","acquired":false,"shares":2311,"price":32.26,"value":74552.86,"ownership":{"direct":true},"balance_after":82242,"source":{"system":"sec-edgar","filing":"0001209191-17-042741","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117042741/doc4.xml","form_type":"4"}},{"id":4267651,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-03T13:23:40.000Z","date":"2017-06-29","kind":"exercise","acquired":true,"shares":447795,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 29, 2017, the Dragoneer Entities (as defined below) voluntarily converted 447,795 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 260,305 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F4","text":"The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, Dragoneer Apartment Fund, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad."}],"balance_after":1941339,"source":{"system":"sec-edgar","filing":"0001209191-17-042741","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117042741/doc4.xml","form_type":"4"}},{"id":4267650,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-07-03T13:23:40.000Z","date":"2017-06-29","kind":"exercise","acquired":true,"shares":61084,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 29, 2017, 61,084 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."}],"balance_after":84553,"source":{"system":"sec-edgar","filing":"0001209191-17-042741","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117042741/doc4.xml","form_type":"4"}},{"id":4277502,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-06-19T16:09:57.000Z","date":"2017-06-15","kind":"sale","acquired":false,"shares":47689,"price":31,"value":1478359.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 28,428 shares of Class A Common Stock, Dragoneer Apartment Fund sold 11,196 shares of Class A Common Stock, and certain other funds and managed accounts sold 8,065 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 28,428 shares of Class A Common Stock, Dragoneer Apartment Fund sold 11,196 shares of Class A Common Stock, and certain other funds and managed accounts sold 8,065 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1493544,"source":{"system":"sec-edgar","filing":"0001209191-17-040797","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117040797/doc4.xml","form_type":"4"}},{"id":4277501,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-06-19T16:09:57.000Z","date":"2017-06-15","kind":"sale","acquired":false,"shares":2311,"price":31,"value":71641.0,"ownership":{"direct":true},"balance_after":23469,"source":{"system":"sec-edgar","filing":"0001209191-17-040797","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117040797/doc4.xml","form_type":"4"}},{"id":4282317,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class B Common Stock","published_at":"2017-06-14T17:16:11.000Z","date":"2017-06-12","kind":"exercise","acquired":false,"shares":191657,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 12, 2017, the Dragoneer Entities (as defined below) voluntarily converted 191,657 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 111,411 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 12, 2017, the Dragoneer Entities (as defined below) voluntarily converted 191,657 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 111,411 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F6","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 12, 2017, the Dragoneer Entities (as defined below) voluntarily converted 191,657 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 111,411 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F6","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F4","text":"The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad."}],"balance_after":895589,"derivative":{"underlying":"Class B Common Stock","underlying_shares":191657},"source":{"system":"sec-edgar","filing":"0001209191-17-039865","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117039865/doc4.xml","form_type":"4"}},{"id":4282316,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class B Common Stock","published_at":"2017-06-14T17:16:11.000Z","date":"2017-06-12","kind":"exercise","acquired":false,"shares":19751,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 12, 2017, 19,751 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 12, 2017, 19,751 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F6","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 12, 2017, 19,751 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F6","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."}],"balance_after":92294,"derivative":{"underlying":"Class B Common Stock","underlying_shares":19751},"source":{"system":"sec-edgar","filing":"0001209191-17-039865","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117039865/doc4.xml","form_type":"4"}},{"id":4282315,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-06-14T17:16:11.000Z","date":"2017-06-12","kind":"sale","acquired":false,"shares":400000,"price":30,"value":12000000.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F5","text":"Certain Dragoneer Entities and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 238,446 shares of Class A Common Stock, Dragoneer Apartment Fund sold 93,912 shares of Class A Common Stock, and certain other funds and managed accounts associted with the Dragoneer Entities and Mr. Stad sold 67,642 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Certain Dragoneer Entities and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 238,446 shares of Class A Common Stock, Dragoneer Apartment Fund sold 93,912 shares of Class A Common Stock, and certain other funds and managed accounts associted with the Dragoneer Entities and Mr. Stad sold 67,642 shares of Class A Common Stock."}],"balance_after":1541233,"source":{"system":"sec-edgar","filing":"0001209191-17-039865","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117039865/doc4.xml","form_type":"4"}},{"id":4282314,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-06-14T17:16:11.000Z","date":"2017-06-12","kind":"exercise","acquired":true,"shares":191657,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 12, 2017, the Dragoneer Entities (as defined below) voluntarily converted 191,657 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 111,411 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F4","text":"The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, and Global GP II, the \"Dragoneer Entities\"). By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad."}],"balance_after":1941233,"source":{"system":"sec-edgar","filing":"0001209191-17-039865","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117039865/doc4.xml","form_type":"4"}},{"id":4282313,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":3,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-06-14T17:16:11.000Z","date":"2017-06-12","kind":"exercise","acquired":true,"shares":19751,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective June 12, 2017, 19,751 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."}],"balance_after":25780,"source":{"system":"sec-edgar","filing":"0001209191-17-039865","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117039865/doc4.xml","form_type":"4"}},{"id":4356890,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-04-06T17:14:54.000Z","date":"2017-04-04","kind":"sale","acquired":false,"shares":25573,"price":24.8,"value":634210.4,"ownership":{"direct":true},"balance_after":6029,"source":{"system":"sec-edgar","filing":"0001209191-17-026116","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117026116/doc4.xml","form_type":"4"}},{"id":4356889,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":3,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-04-06T17:14:54.000Z","date":"2017-04-04","kind":"sale","acquired":false,"shares":374427,"price":24.8,"value":9285789.6,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 126,270 shares of Class A Common Stock, Dragoneer Apartment Fund sold 144,255 shares of Class A Common Stock, and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad sold 103,902 shares of Class A Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\"), Dragoneer Global GP II, LLC (\"Global GP II\"), and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"). Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\") and Global GP II is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and, together with Dragoneer GP, Dragoneer Adviser, and Global GP II, the \"Dragoneer Entities\") which, along with certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad, sold shares of Class A Common Stock reported in the table above. Dragoneer Global Fund II sold 126,270 shares of Class A Common Stock, Dragoneer Apartment Fund sold 144,255 shares of Class A Common Stock, and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad sold 103,902 shares of Class A Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of some or all of the securities reported above. Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1749576,"source":{"system":"sec-edgar","filing":"0001209191-17-026116","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117026116/doc4.xml","form_type":"4"}},{"id":4371594,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class B Common Stock","published_at":"2017-03-27T21:42:42.000Z","date":"2017-03-24","kind":"exercise","acquired":false,"shares":306659,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective March 24, 2017, the Dragoneer Entities (as defined below) voluntarily converted 306,659 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 178,262 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective March 24, 2017, the Dragoneer Entities (as defined below) voluntarily converted 306,659 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 178,262 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective March 24, 2017, the Dragoneer Entities (as defined below) voluntarily converted 306,659 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 178,262 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F5","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\") and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"), a registered investment adviser. Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\" and, together with Dragoneer GP and Dragoneer Adviser, the \"Dragoneer Entities\"). The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad. By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of the securities reported in the table above."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F4","text":"(Continued from Footnote 3) Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\") and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"), a registered investment adviser. Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\" and, together with Dragoneer GP and Dragoneer Adviser, the \"Dragoneer Entities\"). The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad. By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of the securities reported in the table above."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"(Continued from Footnote 3) Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1087246,"derivative":{"underlying":"Class B Common Stock","underlying_shares":306659},"source":{"system":"sec-edgar","filing":"0001209191-17-023035","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117023035/doc4.xml","form_type":"4"}},{"id":4371593,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class B Common Stock","published_at":"2017-03-27T21:42:42.000Z","date":"2017-03-24","kind":"exercise","acquired":false,"shares":31602,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective March 24, 2017, 31,602 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective March 24, 2017, 31,602 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F5","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective March 24, 2017, 31,602 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F5","text":"The shares of Class B Common Stock have no expiration date. However, all outstanding shares of Class B Common Stock convert automatically into shares of Class A Common Stock, on a one share for one share basis, on the date when the number of the Issuer's outstanding shares of Class B Common Stock represents less than 10% of the sum of its outstanding shares of Class A Common Stock and Class B Common Stock."}],"balance_after":112045,"derivative":{"underlying":"Class B Common Stock","underlying_shares":31602},"source":{"system":"sec-edgar","filing":"0001209191-17-023035","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117023035/doc4.xml","form_type":"4"}},{"id":4371592,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-03-27T21:42:42.000Z","date":"2017-03-24","kind":"exercise","acquired":true,"shares":306659,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F2","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective March 24, 2017, the Dragoneer Entities (as defined below) voluntarily converted 306,659 shares of Class B Common Stock (of which Dragoneer Apartment Fund (as defined below) held 178,262 shares) into an equal number of shares of Class A Common Stock of the issuer."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\") and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"), a registered investment adviser. Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\" and, together with Dragoneer GP and Dragoneer Adviser, the \"Dragoneer Entities\"). The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad. By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of the securities reported in the table above."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F4","text":"(Continued from Footnote 3) Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Mr. Stad is the managing member of Dragoneer Global GP, LLC (\"Dragoneer GP\") and Dragoneer Investment Group, LLC (\"Dragoneer Adviser\"), a registered investment adviser. Dragoneer GP is the manager of Dragoneer Apartment, LLC (\"Dragoneer Apartment Fund\" and, together with Dragoneer GP and Dragoneer Adviser, the \"Dragoneer Entities\"). The securities reported in the table above as having converted from Class B Common Stock to Class A Common Stock are held by Dragoneer Apartment Fund and certain other funds and managed accounts associated with the Dragoneer Entities and Mr. Stad. By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of the securities reported in the table above."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"(Continued from Footnote 3) Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":306659,"source":{"system":"sec-edgar","filing":"0001209191-17-023035","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117023035/doc4.xml","form_type":"4"}},{"id":4371591,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173850,"kind":"organization","name":"Dragoneer Apartment, LLC","position":2,"cik":"0001646430","reported_name":"Dragoneer Apartment, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-03-27T21:42:42.000Z","date":"2017-03-24","kind":"exercise","acquired":true,"shares":31602,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Each share of Class B Common Stock is convertible, at any time at the option of the holder, into one share of Class A Common Stock. Effective March 24, 2017, 31,602 shares of Class B Common Stock were voluntarily converted by Mr. Stad into an equal number of shares of Class A Common Stock of the issuer."}],"balance_after":31602,"source":{"system":"sec-edgar","filing":"0001209191-17-023035","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117023035/doc4.xml","form_type":"4"}},{"id":4372615,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":132549,"kind":"person","name":"STAD MARC","position":1,"cik":"0001646303","reported_name":"STAD MARC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":173851,"kind":"organization","name":"DRAGONEER GLOBAL FUND II, L.P.","position":2,"cik":"0001621298","reported_name":"DRAGONEER GLOBAL FUND II, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2017-03-24T18:44:51.000Z","date":"2017-03-22","kind":"sale","acquired":false,"shares":240000,"price":23.5,"value":5640000.0,"ownership":{"direct":false,"nature":"Refer to Footnote"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP II, LLC (\"Global GP II\"), which is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and together with Global GP II, the \"Dragoneer Entities\"), which sold the shares of Class A Common Stock reported in the table above.  By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of the securities reported in the table above.  Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Mr. Stad is the managing member of Dragoneer Global GP II, LLC (\"Global GP II\"), which is the general partner of Dragoneer Global Fund II, L.P. (\"Dragoneer Global Fund II\" and together with Global GP II, the \"Dragoneer Entities\"), which sold the shares of Class A Common Stock reported in the table above.  By virtue of the foregoing relationships, Mr. Stad and each of the Dragoneer Entities may be deemed to share beneficial ownership of the securities reported in the table above.  Mr. Stad and each of the Dragoneer Entities disclaims beneficial ownership of the reported securities, except to the extent of their respective pecuniary interest therein."}],"balance_after":1817344,"source":{"system":"sec-edgar","filing":"0001209191-17-022849","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1646303/000120919117022849/doc4.xml","form_type":"4"}}]}