---
schema_version: "secwatch.filing_event.v1"
accession: "0001433195-24-000145"
form_type: "8-K"
ticker: "APPF"
cik: "0001433195"
company_name: "APPFOLIO INC"
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T20:32:18.221101+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Former CFO Fay Sien Goon separation finalized; $450K severance plus prorated bonus

## Summary
- Fay Sien Goon's employment terminated Oct 25, 2024; separation agreement dated Nov 8, 2024, effective Nov 16, 2024.
- Goon receives $450,000 lump sum (12 months base salary) and $367,397 prorated 2024 bonus.
- Company pays COBRA premiums for Goon and dependents up to 12 months; executive medical reimbursement extended to Mar 31, 2025.
- Outstanding unvested RSUs/PRSUs treated per Equity Award Treatment in Goon's employment agreement.
- Separation benefits conditioned on release of claims and continued compliance with restrictive covenants.

## SEC filing metadata
- accession: 0001433195-24-000145
- form_type: 8-K
- ticker: APPF
- cik: 0001433195
- company_name: APPFOLIO INC
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1433195/000143319524000145/0001433195-24-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1433195/000143319524000145/appf-20241116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001433195-24-000145
- JSON: https://secwatch.observer/filing/0001433195-24-000145.json
- Plain text: https://secwatch.observer/filing/0001433195-24-000145.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.