APPFOLIO INC

Ticker: APPF CUSIP: 03783C100 Class: Common Stock

Kerrisdale Advisers, LLC's Holding History (CIK: 0001569688)

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

Q4 2025

Shares 16,016 Value ($000) $3,726 Avg Close $237.64 Range $217.35 - $277.73

Q3 2025

Shares 14,778 Value ($000) $4,074 Avg Close $270.12 Range $226.91 - $326.04

Q2 2025

Shares 12,942 Value ($000) $2,980 Avg Close $217.97 Range $190.24 - $235.39

Q1 2025

Shares 9,748 Value ($000) $2,144 Avg Close $229.40 Range $203.52 - $266.51

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	16,016	$3,726	$237.64	$217.35 - $277.73
Q3 2025	14,778	$4,074	$270.12	$226.91 - $326.04
Q2 2025	12,942	$2,980	$217.97	$190.24 - $235.39
Q1 2025	9,748	$2,144	$229.40	$203.52 - $266.51