AppFolio appoints Sonos CFO Saori Casey to Board; Board size cut to 7

APPFOLIO INC

Board reduced from 9 to 7 directors effective January 12, 2026.
Saori Casey elected Class II director, effective February 12, 2026, filling an existing vacancy.
Casey is currently CFO of Sonos; previously VP at Apple (11+ years) and finance executive at Cisco (15 years).
Board determined Casey qualifies as independent under Nasdaq and SEC rules.
She will receive standard non-employee director compensation per the company's Director Compensation Policy.

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