secwatch.observer — SEC 8-K summary
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Issuer:     APPFOLIO INC (APPF)
CIK:        0001433195
Form:       8-K
Filed at:   2026-04-10T23:59:59+00:00
Accession:  0001433195-26-000016
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppFolio enters new CEO employment agreement with Shane Trigg through 2030
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- Base salary increased to $570,000; target annual bonus remains 100% of base.
- 2026 equity: $5M RSU and $4.479M PSU grants; annual $5M RSU plus formula-based PSU for 2027–2030.
- Severance: 18 months base salary/COBRA for non-cause termination; 24 months base plus 2x bonus upon Corporate Transaction.
- Agreement effective April 9, 2026; supersedes prior March 2023 employment agreement.
- Provides full vesting of equity awards upon death/disability; accelerated vesting for qualifying termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433195/000143319526000016/0001433195-26-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433195/000143319526000016/appf-20260409.htm
  HTML page:      https://secwatch.observer/filing/0001433195-26-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer