APPFOLIO INC

Ticker: APPF CUSIP: 03783C100 Class: Common Stock

Arizona State Retirement System's Holding History (CIK: 0001558481)

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

Q4 2025

Shares 6,039 Value ($000) $1,405 Avg Close $237.64 Range $217.35 - $277.73

Q3 2025

Shares 6,457 Value ($000) $1,780 Avg Close $270.12 Range $226.91 - $326.04

Q2 2025

Shares 6,489 Value ($000) $1,494 Avg Close $217.97 Range $190.24 - $235.39

Q1 2025

Shares 6,274 Value ($000) $1,380 Avg Close $229.40 Range $203.52 - $266.51

Q4 2024

Shares 6,334 Value ($000) $1,563 Avg Close $234.12 Range $189.01 - $273.00

Q3 2024

Shares 6,107 Value ($000) $1,438 Avg Close $233.97 Range $197.58 - $274.56

Q2 2024

Shares 5,784 Value ($000) $1,415 Avg Close $232.98 Range $207.94 - $256.73

Q1 2024

Shares 5,354 Value ($000) $1,321 Avg Close $215.65 Range $164.29 - $253.42

Q4 2023

Shares 5,265 Value ($000) $912 Avg Close $187.35 Range $171.40 - $211.41

Q3 2023

Shares 5,321 Value ($000) $972 Avg Close $181.36 Range $164.49 - $201.91

Q2 2023

Shares 5,220 Value ($000) $899 Avg Close $145.62 Range $121.09 - $178.10

Q1 2023

Shares 5,619 Value ($000) $699 Avg Close $120.64 Range $102.85 - $135.81

Q4 2022

Shares 5,408 Value ($000) $570 Avg Close $111.24 Range $94.73 - $127.74

Q3 2022

Shares 5,180 Value ($000) $542 Avg Close $101.98 Range $89.58 - $113.97

Q2 2022

Shares 4,947 Value ($000) $448 Avg Close $100.83 Range $79.92 - $119.29

Q1 2022

Shares 4,675 Value ($000) $529 Avg Close $115.18 Range $103.63 - $125.60

Q4 2021

Shares 4,600 Value ($000) $557 Avg Close $126.72 Range $114.44 - $139.99

Q3 2021

Shares 4,646 Value ($000) $559 Avg Close $129.92 Range $117.33 - $145.24

Q2 2021

Shares 4,428 Value ($000) $625 Avg Close $138.85 Range $110.22 - $150.78

Q1 2021

Shares 4,742 Value ($000) $671 Avg Close $155.25 Range $125.00 - $185.44

Q4 2020

Shares 4,362 Value ($000) $785 Avg Close $160.02 Range $137.79 - $186.59

Q3 2020

Shares 4,538 Value ($000) $644 Avg Close $153.99 Range $134.45 - $178.79

Q2 2020

Shares 3,332 Value ($000) $542 Avg Close $130.93 Range $86.00 - $180.56

Q1 2020

Shares 3,465 Value ($000) $384 Avg Close $119.28 Range $81.01 - $148.07

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,039	$1,405	$237.64	$217.35 - $277.73
Q3 2025	6,457	$1,780	$270.12	$226.91 - $326.04
Q2 2025	6,489	$1,494	$217.97	$190.24 - $235.39
Q1 2025	6,274	$1,380	$229.40	$203.52 - $266.51
Q4 2024	6,334	$1,563	$234.12	$189.01 - $273.00
Q3 2024	6,107	$1,438	$233.97	$197.58 - $274.56
Q2 2024	5,784	$1,415	$232.98	$207.94 - $256.73
Q1 2024	5,354	$1,321	$215.65	$164.29 - $253.42
Q4 2023	5,265	$912	$187.35	$171.40 - $211.41
Q3 2023	5,321	$972	$181.36	$164.49 - $201.91
Q2 2023	5,220	$899	$145.62	$121.09 - $178.10
Q1 2023	5,619	$699	$120.64	$102.85 - $135.81
Q4 2022	5,408	$570	$111.24	$94.73 - $127.74
Q3 2022	5,180	$542	$101.98	$89.58 - $113.97
Q2 2022	4,947	$448	$100.83	$79.92 - $119.29
Q1 2022	4,675	$529	$115.18	$103.63 - $125.60
Q4 2021	4,600	$557	$126.72	$114.44 - $139.99
Q3 2021	4,646	$559	$129.92	$117.33 - $145.24
Q2 2021	4,428	$625	$138.85	$110.22 - $150.78
Q1 2021	4,742	$671	$155.25	$125.00 - $185.44
Q4 2020	4,362	$785	$160.02	$137.79 - $186.59
Q3 2020	4,538	$644	$153.99	$134.45 - $178.79
Q2 2020	3,332	$542	$130.93	$86.00 - $180.56
Q1 2020	3,465	$384	$119.28	$81.01 - $148.07