APPFOLIO INC

Ticker: APPF CUSIP: 03783C100 Class: Common Stock

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 3,555 Value ($000) $827 Avg Close $237.64 Range $217.35 - $277.73

Q3 2025

Shares 2,264 Value ($000) $624 Avg Close $270.12 Range $226.91 - $326.04

Q2 2025

Shares 5,477 Value ($000) $1,261 Avg Close $217.97 Range $190.24 - $235.39

Q1 2025

Shares 11,869 Value ($000) $2,610 Avg Close $229.40 Range $203.52 - $266.51

Q4 2024

Shares 11,452 Value ($000) $2,825 Avg Close $234.12 Range $189.01 - $273.00

Q3 2024

Shares 14,095 Value ($000) $3,318 Avg Close $233.97 Range $197.58 - $274.56

Q2 2024

Shares 7,505 Value ($000) $1,835 Avg Close $232.98 Range $207.94 - $256.73

Q1 2024

Shares 14,270 Value ($000) $3,521 Avg Close $215.65 Range $164.29 - $253.42

Q4 2023

Shares 18,353 Value ($000) $3,179 Avg Close $187.35 Range $171.40 - $211.41

Q3 2023

Shares 11,101 Value ($000) $2,027 Avg Close $181.36 Range $164.49 - $201.91

Q1 2023

Shares 2,493 Value ($000) $310 Avg Close $120.64 Range $102.85 - $135.81

Q4 2022

Shares 6,840 Value ($000) $721 Avg Close $111.24 Range $94.73 - $127.74

Q1 2022

Shares 4,330 Value ($000) $490 Avg Close $115.18 Range $103.63 - $125.60

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	3,555	$827	$237.64	$217.35 - $277.73
Q3 2025	2,264	$624	$270.12	$226.91 - $326.04
Q2 2025	5,477	$1,261	$217.97	$190.24 - $235.39
Q1 2025	11,869	$2,610	$229.40	$203.52 - $266.51
Q4 2024	11,452	$2,825	$234.12	$189.01 - $273.00
Q3 2024	14,095	$3,318	$233.97	$197.58 - $274.56
Q2 2024	7,505	$1,835	$232.98	$207.94 - $256.73
Q1 2024	14,270	$3,521	$215.65	$164.29 - $253.42
Q4 2023	18,353	$3,179	$187.35	$171.40 - $211.41
Q3 2023	11,101	$2,027	$181.36	$164.49 - $201.91
Q1 2023	2,493	$310	$120.64	$102.85 - $135.81
Q4 2022	6,840	$721	$111.24	$94.73 - $127.74
Q1 2022	4,330	$490	$115.18	$103.63 - $125.60