APPFOLIO INC

Ticker: APPF CUSIP: 03783C100 Class: Common Stock

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

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

Q4 2025

Shares 26,606 Value ($000) $6,190 Avg Close $237.64 Range $217.35 - $277.73

Q3 2025

Shares 886 Value ($000) $244 Avg Close $270.12 Range $226.91 - $326.04

Q1 2025

Shares 2,100 Value ($000) $462 Avg Close $229.40 Range $203.52 - $266.51

Q4 2024

Shares 2,200 Value ($000) $543 Avg Close $234.12 Range $189.01 - $273.00

Q3 2024

Shares 2,200 Value ($000) $518 Avg Close $233.97 Range $197.58 - $274.56

Q2 2024

Shares 3,300 Value ($000) $807 Avg Close $232.98 Range $207.94 - $256.73

Q1 2024

Shares 16,686 Value ($000) $4,117 Avg Close $215.65 Range $164.29 - $253.42

Q4 2023

Shares 45,186 Value ($000) $7,828 Avg Close $187.35 Range $171.40 - $211.41

Q3 2023

Shares 74,086 Value ($000) $13,530 Avg Close $181.36 Range $164.49 - $201.91

Q2 2023

Shares 14,686 Value ($000) $2,528 Avg Close $145.62 Range $121.09 - $178.10

Q1 2023

Shares 12,486 Value ($000) $1,554 Avg Close $120.64 Range $102.85 - $135.81

Q4 2022

Shares 11,186 Value ($000) $1,179 Avg Close $111.24 Range $94.73 - $127.74

Q3 2022

Shares 2,100 Value ($000) $220 Avg Close $101.98 Range $89.58 - $113.97

Q2 2022

Shares 3,300 Value ($000) $299 Avg Close $100.83 Range $79.92 - $119.29

Q1 2022

Shares 4,900 Value ($000) $555 Avg Close $115.18 Range $103.63 - $125.60

Q3 2019

Shares 6,494 Value ($000) $618 Avg Close $99.44 Range $88.44 - $108.70

Q2 2019

Shares 28,400 Value ($000) $2,904 Avg Close $94.51 Range $77.74 - $109.89

Q1 2019

Shares 60,386 Value ($000) $4,795 Avg Close $66.87 Range $55.00 - $81.70

Q4 2018

Shares 93,286 Value ($000) $5,524 Avg Close $60.70 Range $51.15 - $79.45

Q3 2018

Shares 163,886 Value ($000) $12,849 Avg Close $75.62 Range $60.20 - $91.49

Q2 2018

Shares 183,986 Value ($000) $11,251 Avg Close $54.48 Range $38.90 - $68.50

Q1 2018

Shares 178,986 Value ($000) $7,312 Avg Close $41.61 Range $37.55 - $45.75

Q4 2017

Shares 190,786 Value ($000) $7,918 Avg Close $44.83 Range $39.60 - $52.25

Q3 2017

Shares 187,786 Value ($000) $9,004 Avg Close $39.31 Range $31.15 - $48.40

Q2 2017

Shares 50,086 Value ($000) $1,633 Avg Close $28.72 Range $25.05 - $35.20

Q1 2017

Shares 9,586 Value ($000) $261 Avg Close $23.88 Range $21.63 - $27.90

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	26,606	$6,190	$237.64	$217.35 - $277.73
Q3 2025	886	$244	$270.12	$226.91 - $326.04
Q1 2025	2,100	$462	$229.40	$203.52 - $266.51
Q4 2024	2,200	$543	$234.12	$189.01 - $273.00
Q3 2024	2,200	$518	$233.97	$197.58 - $274.56
Q2 2024	3,300	$807	$232.98	$207.94 - $256.73
Q1 2024	16,686	$4,117	$215.65	$164.29 - $253.42
Q4 2023	45,186	$7,828	$187.35	$171.40 - $211.41
Q3 2023	74,086	$13,530	$181.36	$164.49 - $201.91
Q2 2023	14,686	$2,528	$145.62	$121.09 - $178.10
Q1 2023	12,486	$1,554	$120.64	$102.85 - $135.81
Q4 2022	11,186	$1,179	$111.24	$94.73 - $127.74
Q3 2022	2,100	$220	$101.98	$89.58 - $113.97
Q2 2022	3,300	$299	$100.83	$79.92 - $119.29
Q1 2022	4,900	$555	$115.18	$103.63 - $125.60
Q3 2019	6,494	$618	$99.44	$88.44 - $108.70
Q2 2019	28,400	$2,904	$94.51	$77.74 - $109.89
Q1 2019	60,386	$4,795	$66.87	$55.00 - $81.70
Q4 2018	93,286	$5,524	$60.70	$51.15 - $79.45
Q3 2018	163,886	$12,849	$75.62	$60.20 - $91.49
Q2 2018	183,986	$11,251	$54.48	$38.90 - $68.50
Q1 2018	178,986	$7,312	$41.61	$37.55 - $45.75
Q4 2017	190,786	$7,918	$44.83	$39.60 - $52.25
Q3 2017	187,786	$9,004	$39.31	$31.15 - $48.40
Q2 2017	50,086	$1,633	$28.72	$25.05 - $35.20
Q1 2017	9,586	$261	$23.88	$21.63 - $27.90