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Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1038857,"source":{"system":"sec-edgar","filing":"0001140361-17-012153","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036117012153/doc1.xml","form_type":"4"}},{"id":4384348,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2017-03-15T21:31:22.000Z","date":"2017-03-13","kind":"sale","acquired":false,"shares":3632,"price":24.61,"value":89383.52,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $24.50 to $24.93, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1238857,"source":{"system":"sec-edgar","filing":"0001140361-17-012153","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036117012153/doc1.xml","form_type":"4"}},{"id":4390654,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2017-03-10T23:25:49.000Z","date":"2017-03-08","kind":"sale","acquired":false,"shares":4443,"price":24.46,"value":108675.78,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $24.00 to $24.75, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1242489,"source":{"system":"sec-edgar","filing":"0001140361-17-011670","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036117011670/doc1.xml","form_type":"4"}},{"id":4409193,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2017-03-02T23:33:49.000Z","date":"2017-02-28","kind":"sale","acquired":false,"shares":3100,"price":25.42,"value":78802.0,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"(1)\tThe price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $25.13 to $25.83, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"(2)\tMr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"(3)\tThese shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares"}],"balance_after":1246932,"source":{"system":"sec-edgar","filing":"0001140361-17-010371","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036117010371/doc1.xml","form_type":"4"}},{"id":4439100,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2017-02-17T21:54:37.000Z","date":"2017-02-16","kind":"sale","acquired":false,"shares":2554,"price":23.76,"value":60683.04,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F2","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $23.75 to $23.80, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares. KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1250032,"source":{"system":"sec-edgar","filing":"0001140361-17-008144","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036117008144/doc1.xml","form_type":"4"}},{"id":4439099,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2017-02-17T21:54:37.000Z","date":"2017-02-15","kind":"sale","acquired":false,"shares":3600,"price":23.81,"value":85716.0,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $23.75 to $24.05, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares. KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1252586,"source":{"system":"sec-edgar","filing":"0001140361-17-008144","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036117008144/doc1.xml","form_type":"4"}},{"id":4448745,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2017-02-14T23:16:20.000Z","date":"2017-02-14","kind":"sale","acquired":false,"shares":4100,"price":24.08,"value":98728.0,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $23.75 to $24.28, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (3)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares. KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1256186,"source":{"system":"sec-edgar","filing":"0001140361-17-007505","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036117007505/doc1.xml","form_type":"4"}},{"id":4448744,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2017-02-14T23:16:20.000Z","date":"2017-02-13","kind":"sale","acquired":false,"shares":3500,"price":24.07,"value":84245.0,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F2","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $24.00 to $24.20, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares. KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1260286,"source":{"system":"sec-edgar","filing":"0001140361-17-007505","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036117007505/doc1.xml","form_type":"4"}},{"id":4448743,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2017-02-14T23:16:20.000Z","date":"2017-02-10","kind":"sale","acquired":false,"shares":11200,"price":24.18,"value":270816.0,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $24.05 to $24.55, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares. KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1263786,"source":{"system":"sec-edgar","filing":"0001140361-17-007505","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036117007505/doc1.xml","form_type":"4"}},{"id":4541038,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2016-11-28T14:42:05.000Z","date":"2016-11-23","kind":"sale","acquired":false,"shares":3594,"price":22.02,"value":79139.88,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F2","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $22.00 to $22.10, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1274986,"source":{"system":"sec-edgar","filing":"0001140361-16-087890","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036116087890/doc1.xml","form_type":"4"}},{"id":4541037,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2016-11-28T14:42:05.000Z","date":"2016-11-22","kind":"sale","acquired":false,"shares":5522,"price":22.04,"value":121704.88,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $21.75 to $22.30, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1278580,"source":{"system":"sec-edgar","filing":"0001140361-16-087890","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036116087890/doc1.xml","form_type":"4"}},{"id":4547023,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2016-11-21T23:32:21.000Z","date":"2016-11-21","kind":"sale","acquired":false,"shares":6217,"price":21.62,"value":134411.54,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $21.50 to $21.80, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (3)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1284102,"source":{"system":"sec-edgar","filing":"0001140361-16-087462","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036116087462/doc1.xml","form_type":"4"}},{"id":4547022,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2016-11-21T23:32:21.000Z","date":"2016-11-18","kind":"sale","acquired":false,"shares":9729,"price":21.7,"value":211119.3,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F2","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $21.60 to $21.88, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1290319,"source":{"system":"sec-edgar","filing":"0001140361-16-087462","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036116087462/doc1.xml","form_type":"4"}},{"id":4547021,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2016-11-21T23:32:21.000Z","date":"2016-11-17","kind":"sale","acquired":false,"shares":6438,"price":21.71,"value":139768.98,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $21.50 to $21.95, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1300048,"source":{"system":"sec-edgar","filing":"0001140361-16-087462","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036116087462/doc1.xml","form_type":"4"}},{"id":4552799,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2016-11-16T23:12:14.000Z","date":"2016-11-16","kind":"sale","acquired":false,"shares":4315,"price":21.92,"value":94584.8,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $21.75 to $22.15, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (3)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1306486,"source":{"system":"sec-edgar","filing":"0001140361-16-086996","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036116086996/doc1.xml","form_type":"4"}},{"id":4552798,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2016-11-16T23:12:14.000Z","date":"2016-11-15","kind":"sale","acquired":false,"shares":4445,"price":21.68,"value":96367.6,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F2","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $21.50 to $21.85, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1310801,"source":{"system":"sec-edgar","filing":"0001140361-16-086996","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036116086996/doc1.xml","form_type":"4"}},{"id":4552797,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2016-11-16T23:12:14.000Z","date":"2016-11-14","kind":"sale","acquired":false,"shares":2936,"price":21.97,"value":64503.92,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $21.75 to $22.25, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F4","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1315246,"source":{"system":"sec-edgar","filing":"0001140361-16-086996","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036116086996/doc1.xml","form_type":"4"}},{"id":4598996,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2016-09-21T00:23:16.000Z","date":"2016-09-19","kind":"sale","acquired":false,"shares":5518,"price":19.02,"value":104952.36,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(2)\tThe price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $19.00 to $19.12, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"(4)\tThese shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1318182,"source":{"system":"sec-edgar","filing":"0001140361-16-080368","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036116080368/doc1.xml","form_type":"4"}},{"id":4598995,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2016-09-21T00:23:16.000Z","date":"2016-09-16","kind":"sale","acquired":false,"shares":3600,"price":19.52,"value":70272.0,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"(1)\tThe price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $19.25 to $19.86, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F3","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"(4)\tThese shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1323700,"source":{"system":"sec-edgar","filing":"0001140361-16-080368","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036116080368/doc1.xml","form_type":"4"}},{"id":4599930,"issuer":{"id":3638,"kind":"organization","name":"APPFOLIO INC"},"owners":[{"id":117942,"kind":"organization","name":"Keenan Capital, LLC","position":1,"cik":"0001647363","reported_name":"Keenan Capital, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177810,"kind":"organization","name":"Keenan Capital GP, LLC","position":2,"cik":"0001647658","reported_name":"Keenan Capital GP, LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":177811,"kind":"person","name":"Keenan Charles J IV","position":3,"cik":"0001647794","reported_name":"Keenan Charles J IV","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"CLASS A COMMON STOCK","published_at":"2016-09-20T01:20:35.000Z","date":"2016-09-15","kind":"sale","acquired":false,"shares":5700,"price":19.67,"value":112119.0,"ownership":{"direct":false,"nature":"By Partnership"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The price reported in Column 4 is a weighted average price.  These shares were sold in multiple transactions at prices ranging from $19.60 to $19.75, inclusive.  The reporting persons undertake to provide to AppFolio, Inc., any security holder of AppFolio, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1)."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Mr. Keenan is the beneficial owner of 77,944 shares of Class A common stock over which he has sole voting and dispositive power.  Mr. Keenan may also be deemed to beneficially own an additional 205,056 shares of Class A common stock held through family trust accounts for which he is either a co-trustee or a beneficiary.  Mr. Keenan shares voting and dispositive power over the shares of Class A common stock held through such accounts."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"These shares are owned directly by Keenan Capital Fund, LP (\"KCF\") and indirectly by Keenan Capital GP, LLC (\"KCGP\"), the general partner of KCF with voting and investment authority over these shares.  KCGP has delegated such authority to Keenan Capital, LLC (\"Keenan Capital\"), the manager of KCF.  Accordingly, KCGP disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest KCGP may have therein.  As sole owner and Manager of Keenan Capital, Charles J. Keenan, IV (\"Mr. Keenan\") may be deemed to be the indirect beneficial owner of these shares."}],"balance_after":1327300,"source":{"system":"sec-edgar","filing":"0001140361-16-080237","document":"doc1.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1433195/000114036116080237/doc1.xml","form_type":"4"}}]}