Initial Statement of Beneficial Ownership - Form 3

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Eaton Timothy Mathias 2. Date of Event Requiring Statement (Month/Day/Year) 2024-10-25 3. Issuer Name and Ticker or Trading Symbol APPFOLIO INC [APPF] (Last) (First) (Middle) 70 CASTILIAN DRIVE 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) Int. Chief Financial Officer / 5. If Amendment, Date Original Filed (Month/Day/Year) (Street) SANTA BARBARA CA 93117 6. Individual or Join/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security 2. Amount of Securities Beneficially Owned 3. Ownership Form: Direct (D) or Indirect (I) 4. Nature of Indirect Beneficial Ownership

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivate Security	2. Date Exercisable and Expiration Date	3. Title and Amount of Securities Underlying Derivative Security	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)	6. Nature of Indirect Beneficial Ownership
Date Exercisable	Expriation Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Director	10% Owner	Officer	Other
Eaton Timothy Mathias 70 CASTILIAN DRIVE SANTA BARBARA, CA93117			Int. Chief Financial Officer

Signatures

/s/ Matthew Mazza, as Attorney-in-Fact, for Timothy Mathias Eaton	2024-11-04
**Signature of Reporting Person	Date

Explanation of Responses:

(*)	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
(**)	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Includes (i) 817 time-based restricted stock units (RSUs), which vest as to 17% on November 10, 2024, with the remainder vesting quarterly through February 10, 2026, (ii) 1,467 time-based RSUs, which vest as to 10% on November 10, 2024, with the remainder vesting quarterly through February 10, 2027, (iii) 810 time-based RSUs, which vest as to 8% on November 10, 2024, with the remainder vesting quarterly through August 10, 2027, (iv) 1,116 time-based RSUs, which vest as to 7% on November 10, 2024, with the remainder vesting quarterly through February 10, 2028, and (v) 748 time-based RSUs, which vest as to 7% on November 10, 2024, with the remainder vesting quarterly through February 10, 2028. All RSUs are settled in Class A Common Stock.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

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