AppFolio's CEO Had Shares Withheld for Taxes. Here's What to Know
This filing details a non-discretionary tax withholding sale, reducing the CEO of AppFolio's direct common stock holdings by 5%.
Overview
William Shane Trigg, the chief executive officer of AppFolio, Inc. (NASDAQ:APPF), disposed of 3,718 shares of Class A Common Stock on August 10, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($199.54); post-transaction value based on the August 10 market close ($199.54).
Details
AppFolio is a leading cloud-based software provider serving the real estate industry with a market capitalization of $7.3 billion and TTM revenue of $1.0 billion. The company has established a strong competitive position through its integrated platform approach, which consolidates multiple critical functions--from accounting and reporting to marketing and workflow automation--into a unified system of record for property management professionals. AppFolio demonstrates operational efficiency and profitability while maintaining a strategic focus on expanding its addressable market within the fragmented real estate technology sector.
Source
Originally published at www.fool.com.
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