APPFOLIO INC

Ticker: APPF CUSIP: 03783C100 Class: Common Stock

Keenan Capital, LLC's Holding History (CIK: 0001647363)

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

Q2 2018

Shares 125,848 Value ($000) $7,696 Avg Close $54.48 Range $38.90 - $68.50

Q1 2018

Shares 250,000 Value ($000) $10,213 Avg Close $41.61 Range $37.55 - $45.75

Q4 2017

Shares 250,000 Value ($000) $10,375 Avg Close $44.83 Range $39.60 - $52.25

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	125,848	$7,696	$54.48	$38.90 - $68.50
Q1 2018	250,000	$10,213	$41.61	$37.55 - $45.75
Q4 2017	250,000	$10,375	$44.83	$39.60 - $52.25