AppFolio's CEO Had Shares Withheld for Taxes. Here's What to Know
This filing details a non-discretionary tax withholding sale, reducing the CEO of AppFolio's direct common stock holdings by 5%.
AppFolio's CEO, William Shane Trigg, sold 3,718 shares of the company's Class A Common Stock on August 10, as reported in an SEC Form 4 filing. The transaction value was calculated using a weighted average sale price of $199.54 per share, which is the same as the post-transaction market close value on August 10. AppFolio, a prominent cloud-based software provider in the real estate sector, has a market capitalization of $7.3 billion and reported a trailing twelve-month (TTM) revenue of $1.0 billion.
The company has successfully positioned itself as a leader in the industry by offering an integrated platform that combines various essential functions such as accounting, reporting, marketing, and workflow automation into a single, unified system for property management professionals. AppFolio's commitment to operational efficiency, profitability, and expanding its market share within the competitive real estate technology landscape has contributed to its strong position in the industry.
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