<SEC-DOCUMENT>0001968582-25-000790.txt : 20250825
<SEC-HEADER>0001968582-25-000790.hdr.sgml : 20250825
<ACCEPTANCE-DATETIME>20250825174401
ACCESSION NUMBER:		0001968582-25-000790
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250825
DATE AS OF CHANGE:		20250825

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			APPFOLIO INC
		CENTRAL INDEX KEY:			0001433195
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		EIN:				260359894
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-37468
		FILM NUMBER:		251252093

	BUSINESS ADDRESS:	
		STREET 1:		70 CASTILIAN DRIVE
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93117
		BUSINESS PHONE:		8053646047

	MAIL ADDRESS:	
		STREET 1:		70 CASTILIAN DRIVE
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93117

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Wolf Alexander
		CENTRAL INDEX KEY:			0001907431
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		C/O IGSB, INC.
		STREET 2:		1483 EAST VALLEY ROAD, SUITE L
		CITY:			SANTA BARBARA
		STATE:			CA
		ZIP:			93150
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <!-- Generated by Workiva -->
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001907431</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001433195</issuerCik>
      <issuerName>AppFolio Inc.</issuerName>
      <secFileNumber>001-37468</secFileNumber>
      <issuerAddress>
        <com:street1>70 Castilian Drive</com:street1>
        <com:city>Santa Barbara</com:city>
        <com:stateOrCountry>CA</com:stateOrCountry>
        <com:zipCode>93117</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>805-364-6093</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Alexander Wolf</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Class A</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>J.P. Morgan Securities LLC</name>
        <address>
          <com:street1>390 Madison Avenue - 6th Floor</com:street1>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10017</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>30000</noOfUnitsSold>
      <aggregateMarketValue>8259600</aggregateMarketValue>
      <noOfUnitsOutstanding>22871704</noOfUnitsOutstanding>
      <approxSaleDate>08/25/2025</approxSaleDate>
      <securitiesExchangeName>Nasdaq</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A</securitiesClassTitle>
      <acquiredDate>06/26/2015</acquiredDate>
      <natureOfAcquisitionTransaction>Carried Interest</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Duca Fund 12, LLC</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>30000</amountOfSecuritiesAcquired>
      <paymentDate>06/26/2015</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <remarks>The shares filed today will be sold by the LWAW Revocable Trust , Alexander Wolf  as Trustee</remarks>
    <noticeSignature>
      <noticeDate>08/25/2025</noticeDate>
      <signature>/s/ J.P. Morgan Securities LLC as agent and attorney-in-fact for Alexander Wolf</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
