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EdgarHawk

Trigg William Shane

Chief Executive Officer

Director Officer

Latest: CEO selling · May 2026

10 filings analyzed · 1 company · Latest 2026-05-19

Companies

Company Buys Sells Direction
APPFOLIO INC APPF 0 36 Net selling

Activity

May 2026
2026-05-19 APPFOLIO INC APPF
low
Sell
3,584 shares
$546,573
Significance 3/10

APPF CEO sold 3,584 shares for $546.6K via 10b5-1 plan; retains 76.5K shares post-sale.

Trigg William Shane, APPF's CEO, executed three separate sales totaling 3,584 shares for $546,573.38 on 2026-05-15 at blended average price $152.50, reducing his holdings from 80,131 to 76,547 shares. This transaction is part of a pre-arranged 10b5-1 trading plan, meaning it is scheduled rather than discretionary. The sale represents -4.5% of pre-transaction holdings, and the CEO remains a substantial shareholder with 76.5K shares post-transaction. Importantly, his prior five sales at APPF (all on 2026-02-17) generated subsequent 30-day returns ranging from -0.1% to -6.4%, and 90-day returns from -5.5% to -11.4%, establishing a pattern of post-sale downside at this specific ticker; however, the 10b5-1 flag indicates this current sale timing is predetermined and not discretionary, so prior timing outcomes should not be interpreted as predictive of this transaction's market implications.

February 2026
2026-02-19 APPFOLIO INC APPF
high
Sell
6,963 shares
$1,181,858
Significance 8/10

APPF CEO sells 6,963 shares for $1.2M; prior 5 APPF trades 100% well-timed by 90d, current price -45.1% from high

CEO William Shane sold 6,963 shares (7.0K shares) across 11 separate transactions totaling $1,181,857.70 ($1.2M) on 2026-02-17 at a blended average of $169.73, reducing holdings by 11.6% to 52,920 shares (52.9K shares). This is the insider's sixth sale at APPF; his prior five trades at this ticker were all well-timed against 90-day declines, with outcomes ranging from -24.8% to -27.9%, establishing a perfect 5-of-5 record of selling before downturns. The current stock price of $176.38 is -45.1% below the 52-week high of $321.25 and has declined -16.5% over the past 30 days and -22.8% over 90 days, suggesting the recent selling pattern may continue to align with broader weakness. Investors should note the material block size ($1.2M), the consistency of his prior execution at this ticker, and the stock's sharp proximity to recent lows relative to its annual range.

November 2025
2025-11-19 APPFOLIO INC APPF
high
Sell
3,947 shares
$949,052
Significance 6/10

CEO William Shane Trigg sold 3,947 shares for $949,051.59 on 2025-11-17 as stock trades 31.0% below 52-week high

CEO Trigg William Shane executed 9 separate sales totaling 3,947 shares for $949,051.59 on 2025-11-17, reducing holdings to 51,530 shares (a 7.1% reduction from 55,477 shares). The sales occurred at blended average price of $240.45, while the stock now trades at $221.79, down 31.0% from its 52-week high of $321.25 and down 7.7% over the prior 30 days. At APPF specifically, Trigg's prior 5 trades show mixed timing outcomes: 3 recent September sells registered 30-day declines of -19.3%, -18.7%, and -18.5%, while earlier sales showed positive short-term performance. This sale occurs amid strong company fundamentals (28.0% annual revenue growth, $249.4M latest quarterly revenue, $33.6M net income, P/E of 39.39) but after the stock's significant pullback from its 52-week peak. The multi-transaction structure on a single trading day, at incrementally higher prices within a narrow range ($237.31–$247.35), reflects a planned execution rather than a reactive disposal.

September 2025
2025-09-15 APPFOLIO INC APPF
high
Sell
4,000 shares
$1,107,786
Significance 7/10

CEO Trigg William Shane sold 4,000 shares at $276.95 average on 2025-09-10 for $1.1M, reducing holdings 6.3%

William Shane, CEO of AppFolio Inc, executed 3 separate sales totaling 4,000 shares for $1,107,786.08 at an average blended price of $276.95 on 2025-09-10, retaining 59,556 shares post-transaction. The timing warrants attention: his prior 5 trades at APPF show 3 of 4 measurable sales were well-timed at the 90-day mark (negative post-sale returns), and his broader cross-ticker track record exhibits a 76.92% well-timed selling rate across 14 prior sells with -5.3% average 90-day return. Current price of $280.22 sits -12.8% from the 52-week high and represents a +5.6% move in the past 30 days, though the stock has advanced +27.0% over 90 days—a period that will become instructive for evaluating whether this sale preceded further gains or a reversal.

August 2025
2025-08-19 APPFOLIO INC APPF
medium
Sell
3,012 shares
$798,120
Significance 6/10

CEO William Shane sells 3,012 shares of APPF at $264.98 for $798.1K; stock up 7.6% in 30d, 30.9% in 90d.

William Shane, Chief Executive Officer of AppFolio Inc, sold 3,012 shares (3.0K shares) at $264.98 on 2025-08-15, reducing his stake to 63,556 shares (63.6K shares), a -4.5% decrease from pre-transaction holdings. The stock has rallied substantially since the sale: +7.6% over the past 30 days and +30.9% over the past 90 days, indicating this particular sale was poorly timed relative to subsequent price appreciation. Examining his same-ticker history at APPF, 4 of his 5 prior sells posted negative 90-day returns (well-timed), but this transaction sits in a period of strong upside momentum. The company's fundamentals remain robust, with annual revenue growth of +28.0%, net income of $35,980,000.00 ($36.0M), and a P/E of 47.94, providing no obvious signal of underlying deterioration that would justify opportunistic selling into strength.

May 2025
2025-05-20 APPFOLIO INC APPF
high
Sell
5,900 shares
$1,247,555
Significance 7/10

CEO William Shane sold 5,900 APPF shares at $211.45; 5 of 5 prior APPF sales showed negative 90d returns.

CEO Trigg William Shane sold 5,900 shares for $1,247,555.00, reducing his stake by 7.7% to 70,647 shares. The transaction occurred at $211.45, while the stock now trades at $213.47 and sits 20.9% below its 52-week high. Notably, Shane's track record at APPF is consistent: all 5 of his prior open-market sales at this ticker were followed by negative 90-day returns, with declines ranging from 1.2% to 16.4%. His cross-ticker timing record also shows strength—a 90-day well-timed rate of 83.33% across 12 prior sells—suggesting a pattern of selling before downturns. The company's fundamentals remain solid (revenue $217.7M, net income $31.4M, +28.0% annual growth), but the valuation at P/E 37.92 is elevated, and the stock is down 2.4% over 30 days. This sale continues a consistent pattern of CEO selling activity at this ticker, all of which historically preceded downward price movement.

February 2025
2025-02-20 APPFOLIO INC APPF
medium
Sell
3,501 shares
$760,662
Significance 5/10

CEO William Shane sold 3,501 shares of APPF at $217.27 on 2025-02-18; stock down 20.0% from 52-week high.

CEO Trigg William Shane sold 3,501 shares for $760,662.27, reducing his holdings from 87,325 to 83,824 shares. The stock has declined 20.0% from its 52-week high of $270.02 and is down 17.0% over the past 30 days, now trading at $216.09 versus the sale price of $217.27. Across his prior open-market history (11 prior sells), Shane's cross-ticker timing has been favorable with a 90-day well-timed rate of 66.67%, though his same-ticker record at APPF shows 5 prior sells (all on 2024-12-06) with 30-day returns ranging from -2.8% to -4.5%, and no measurable 90-day outcomes yet. Despite APPF's strong fundamentals—$205.7M quarterly revenue, $33.0M net income, and 28.0% annual growth—the stock's recent pressure and the CEO's continued disposition activity warrant monitoring.

December 2024
2024-12-10 APPFOLIO INC APPF
medium
Sell
4,145 shares
$1,091,459
Significance 6/10

CEO Trigg William Shane sold 4,145 shares for $1.1M (blended avg $263.32) on 2024-12-06; holds 73.7K shares post-sale.

CEO Trigg William Shane executed 5 separate sales on 2024-12-06 totaling 4,145 shares for $1,091,458.90, reducing his holdings by 5.3%. The sales occurred at prices ranging from $260.06 to $264.69, near the stock's 52-week high of $270.02. At the prior APPF sale on 2024-11-15, the outcome is not yet measurable. Looking back at his same-ticker history, 3 of 4 prior measurable APPF sales showed well-timed outcomes at the 90-day mark (two back-to-back sales on 2024-05-15 each declined 13%+ over 90 days), though a sale on 2024-08-16 saw the stock rise 6.6% afterward. Current stock price is $256.61, down 5.0% from the 52-week high but up 12.4% over the past 30 days, reflecting strong recent momentum that partially retraced from the transaction price. The filing itself contains no flags indicating a prearranged 10b5-1 plan.

November 2024
2024-11-19 APPFOLIO INC APPF
low
Sell
3,500 shares
$804,475
Significance 4/10

CEO William Shane sold 3.5K APPF shares at $229.85 (11/15/2024); retains 74.3K shares; stock +13.6% in 30 days.

CEO Trigg William Shane sold 3,500 shares of APPFOLIO (APPF) at $229.85 on 2024-11-15, reducing his holdings by 3,500 shares to 74,327 shares post-transaction. The sale represents a modest -4.5% reduction in holdings. At APPF specifically, Shane's prior 5 sales show mixed timing outcomes: 3 of 5 were well-timed at the 90-day mark (stock fell after the sale), while 2 generated 90-day gains. Following this November sale, APPF has risen 13.6% over the subsequent 30 days, suggesting this particular trade was poorly timed. The company's fundamentals remain strong, with FY revenue growth of +31.5%, though the P/E of 2856.88 signals elevated valuation. The sale occurs during a period of stock strength (up 13.6% in 30 days, up 0.3% over 90 days), not a period of distress or rebalancing pressure.

August 2024
2024-08-20 APPFOLIO INC APPF
high
Sell
3,501 shares
$766,649
Significance 6/10

CEO William Shane sold 3,501 shares of APPF at $218.98 on 2024-08-16; stock down 16.2% in 30 days, near 52-week lows.

CEO Trigg William Shane sold 3,501 shares worth $766,648.98 at $218.98 on 2024-08-16, reducing holdings by 4.1% to 81,699 shares. The stock has declined 16.2% over the 30 days following the sale and currently trades at $220.28, representing an 18.4% pullback from the 52-week high of $270.02. His prior four same-ticker trades at APPF show a 75% rate of well-timed 90-day outcomes, with three of four sales preceding subsequent declines; this current sale occurred near inflection points in the stock's recent downtrend. Fundamental context shows strong annual revenue growth of +31.5% and net income of $29.7M on $197.4M quarterly revenue, though the elevated P/E of 2753.50 reflects near-zero recent net income on a quarterly basis, creating a technical disconnect between operational performance and valuation metrics.

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