Duca Amends AppFolio Stake Filing

Ticker: APPF · Form: SC 13D/A · Filed: Jul 19, 2024 · CIK: 1433195

Appfolio INC SC 13D/A Filing Summary
FieldDetail
CompanyAppfolio INC (APPF)
Form TypeSC 13D/A
Filed DateJul 19, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Key Dollar Amounts$0.0001, $229.02, $229, $230.24, $231
Sentimentneutral

Sentiment: neutral

Topics: schedule-13d, amendment, ownership-filing

Related Tickers: APPF

TL;DR

Maurice Duca filed an update on his AppFolio (APPF) stock. Check the details.

AI Summary

Maurice J. Duca, through IGSB, Inc., has filed an amendment (No. 2) to their Schedule 13D for AppFolio, Inc. on July 19, 2024. The filing pertains to the Class A Common Stock of AppFolio, Inc. The specific details of the change in beneficial ownership or the reason for the amendment are not fully detailed in the provided text, but it indicates a modification to a previous filing.

Why It Matters

This filing indicates a change in the holdings of a significant shareholder in AppFolio, Inc., which could signal shifts in the company's ownership structure or investor sentiment.

Risk Assessment

Risk Level: medium — Schedule 13D filings, especially amendments, can indicate significant changes in a major shareholder's position, potentially impacting stock price.

Key Numbers

Key Players & Entities

FAQ

What specific changes are detailed in Amendment No. 2 to the Schedule 13D filing for AppFolio, Inc.?

The provided text is the header information for the filing and does not contain the specific details of the changes made in Amendment No. 2.

Who is the primary individual filing this Schedule 13D amendment?

Maurice J. Duca is the primary individual filing this Schedule 13D amendment.

What is the CUSIP number for AppFolio, Inc. Class A Common Stock?

The CUSIP number for AppFolio, Inc. Class A Common Stock is 03783C100.

Which law firm is representing Maurice J. Duca in this filing?

Wilson Sonsini Goodrich & Rosati Professional Corporation, with attorneys Larry W. Sonsini, Jose F. Macias, and Douglas K. Schnell, is representing Maurice J. Duca.

What is the business address of AppFolio, Inc. as listed in the filing?

The business address of AppFolio, Inc. is 70 Castilian Drive, Santa Barbara, CA 93117.

Filing Stats: 4,475 words · 18 min read · ~15 pages · Grade level 4.6 · Accepted 2024-07-19 17:00:55

Key Financial Figures

Filing Documents

is amended to add the following

Item 4 is amended to add the following: Ms. Nottebohms service as a consultant to IGSB has concluded, but she remains entitled to receive net gain as previously disclosed. Item5. Interest in Securities of the Issuer

(a) and (b) is amended and restated as follows

Item 5(a) and (b) is amended and restated as follows: (a) and (b) The responses of the Reporting Person to rows 7, 8, 9, 10, 11 and 13 on the cover pages of this Statement are incorporated by reference. As of 4:00 p.m., Eastern time, on July 19, 2024, the Reporting Person beneficially owned 6,726,250 Shares, representing approximately 23.4% of the outstanding Class A Shares. Such percentage was calculated by dividing (a) the sum of (i) the outstanding Class A Shares beneficially owned by the Reporting Person and (ii) the number of Class A Shares that the Reporting Person is entitled to acquire upon conversion of the outstanding Class B Shares beneficially owned by the Reporting Person at any time within the next 60 days (all of which are immediately convertible); by (b) the sum of (i) the 22,326,649 Class A Shares reported by the Issuer as being outstanding as of April 18, 2024, and (ii) the 6,463,068 Class A Shares that the Reporting Person is entitled to acquire upon conversion of his Class B Shares at any time within the next 60 days. Based on the 13,886,648 Class B Shares reported by the Issuer as being outstanding as of April 18, 2024, the Reporting Persons beneficial ownership of Shares represents 40.3% of the Issuers total voting power. All outstanding Share numbers are taken from the Issuers Quarterly Report in Form 10-Q for the quarterly period ended March 31, 2024. The Reporting Person is sole trustee of a pension trust and, in that capacity, possesses sole voting and dispositive power over 44,037 Class A Shares and 2,536,153 Class B Shares. The Reporting Person does not have and disclaims any pecuniary interest in such Shares. An IRA for the benefit of the Reporting Person is the managing member of IGSB Cardinal Core BV, LLC, a California limited liability company, and, in that capacity, possesses sole voting and dispositive power over 9,805 Class A Shares and 4,995 Class B Shares. An IRA for the benefit of the Reporting Person is the managing mem

View Full Filing

View this SC 13D/A filing on SEC EDGAR

View on Read The Filing