Trigg William Shane, CEO of AppFolio (APPF), has filed 74 Form 4 transactions, all in that single company. The pattern is one-sided on the open market: zero purchases and $5.72 million in sales. The remaining activity consists of automatic or mechanical events, including $2.66 million in shares acquired, mostly through option exercises and grants, and tax withholding sales coded as F.
The most recent cluster of open-market sales came on August 14, 2026, when Shane sold $421,685 worth of APPF stock. That followed a series of F-code transactions on August 10, totaling roughly $741,889, which are shares withheld to cover tax obligations and do not represent discretionary selling. In May 2026, Shane made three open-market sales on May 15, valued at $101,848.70, $226,912.20, and $217,812.48, for a combined $546,573.38. Earlier that month, on May 10, he had seven F-code transactions worth about $619,548.21.
The selling bias is consistent across the filing history. In February 2026, Shane executed six S-code sales on February 17, ranging from $175.10 to $235,105.84, with a combined value of roughly $394,406.35. The only A-code event in the recent window, an April 9 grant valued at $0, is compensation and not a purchase. Across all 74 filings, Shane has never bought APPF shares on the open market. His sales are regular and recurring, and the F-code tax withholdings follow each vesting or exercise event.
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