AppFolio appoints two new directors, Shane Trigg as Chairman; updates director compensation

APPFOLIO INC

Andreas von Blottnitz and Janet Kerr retired from Board effective June 29, 2026; von Blottnitz also stepped down as Chairman.
Diya Jolly (CPTO of Xero) and Michael Yang (Partner at Investment Group of Santa Barbara) elected as Class I directors.
Shane Trigg, President and CEO, appointed Chairman of the Board; Winifred Webb named Lead Independent Director.
Non-employee director annual equity award increased to $200,000 (from $150,000); committee chair retainer reduced to $40,000.
New Lead Independent Director role created with additional annual cash retainer of $40,000.

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