SC 13G/A

Names of Reporting Persons

William E. Oberndorf

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ☐ (b) ☒

SEC Use Only

Citizenship or Place of Organization

USA

SC 13G/A 1 d163782dsc13ga.htm SC 13G/A SC 13G/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

AppFolio, Inc.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

03783C100

(CUSIP Number)

June 23, 2021

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 03783C100

(1)

Of these shares, 50,000 shares may be deemed to be beneficially owned by William E. Oberndorf solely in his capacity as the sole controlling person of Oberndorf Investments LLC, 10,700 shares may be deemed to be beneficially owned by William E. Oberndorf solely in his capacity as an authorized signatory for the account of Peter C. Oberndorf, 30 shares may be deemed to be beneficially owned by William E. Oberndorf solely in his capacity as an authorized signatory for the account of Caroline G. Oberndorf and 6,160 shares may be deemed to be beneficially owned by William E. Oberndorf solely in his capacity as an authorized signatory for the account of William Oberndorf.

(2)	Based on 18,951,445 shares of Class A common stock outstanding as of May 31, 2021.

CUSIP No. 03783C100

(1)	Power is exercised through William E. Oberndorf as the sole member of the manager of Oberndorf Investments LLC.

(2)	Based on 18,951,445 shares of Class A common stock outstanding as of May 31, 2021.

CUSIP No. 03783C100

(1)	These shares are held in Peter C. Oberndorf’s Individual Retirement Account, which is self-directed.

(2)	William E. Oberndorf is an authorized signatory for the account of Peter C. Oberndorf.

(3)	Based on 18,951,445 shares of Class A common stock outstanding as of May 31, 2021.

CUSIP No. 03783C100

(1)	William E. Oberndorf is an authorized signatory for the account of Caroline G. Oberndorf.

(2)	Based on 18,951,445 shares of Class A common stock outstanding as of May 31, 2021.

**	Denotes less than.

CUSIP No. 03783C100

(1)	William E. Oberndorf is an authorized signatory for the account of William Oberndorf.

(2)	Based on 18,951,445 shares of Class A common stock outstanding as of May 31, 2021.

**	Denotes less than.


Preliminary Statement:

		This Amendment No. 5 amends the Schedule 13G filed with the Securities and Exchange Commission on February 22, 2017 and amended on June 22, 2017, February 14, 2019, February 13, 2020 and February 12, 2021.

Item 1.	(a)	Name of Issuer

		AppFolio, Inc.

	(b)	Address of Issuer’s Principal Executive Offices

		50 Castilian Drive Santa Barbara, CA 93117

Item 2.	(a)	Name of Person Filing

		William E. Oberndorf (“WEO”), Oberndorf Investments LLC, a Delaware limited liability company (“OBI”), Peter C. Oberndorf (“PCO”), Caroline G. Oberndorf (“CGO”) and William Oberndorf (“WO”). WEO, OBI, PCO, CGO and WO are sometimes hereinafter referred to as the “Reporting Persons.” The Reporting Persons are making this single, joint filing because they may be deemed to constitute a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Act”), although neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that a group exists.

	(b), (c)	Address of Principal Business Office or, if None, Residence; Citizenship of Reporting Persons

		The principal business address of WEO is 615 Front Street, San Francisco, CA 94111. WEO is a citizen of the United States of America. The principal business address of OBI is 615 Front Street, San Francisco, CA 94111. OBI is a Delaware limited liability company. PCO’s address is 615 Front Street, San Francisco, CA 94111. PCO is a citizen of the United States of America. CGO’s address is 615 Front Street, San Francisco, CA 94111. CGO is a citizen of the United States of America. WO’s address is 615 Front Street, San Francisco, CA 94111. WO is a citizen of the United States of America.

	(d)	Title of Class of Securities

		Class A common stock

	(e)	CUSIP Number:

		03783C100

Item 3.	Statement filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c):

	Not Applicable.

Item 4.	Ownership.

	Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.


	(b)			(a)		(c)(i)		(c)(ii)		(c)(iii)		(c)(iv)
						Class A Common Stock
						Voting Power				Disposition Power
Reporting Persons	Percent of Class			Amount Beneficially Owned		Sole		Shared		Sole		Shared
William E. Oberndorf		0.4	%		66,890		0		66,890		0		66,890
Oberndorf Investments LLC		0.3	%		50,000		50,000		0		50,000		0
Peter C. Oberndorf		0.1	%		11,550		850		10,700		850		10,700
Caroline G. Oberndorf		**0.1	%		30		0		30		0		30
William Oberndorf		**0.1	%		6,160		0		6,160		0		6,160

**	Denotes less than


		The foregoing percentages are based on 18,951,445 shares of Class A common stock outstanding as of May 3, 2021 as set forth in AppFolio, Inc.’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021 filed with the Securities and Exchange Commission on May 10, 2021.

		Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

Item 5.		Ownership of Five Percent or Less of a Class.

		If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☑.

		Instruction. Dissolution of a group requires a response to this item.

Item 6.		Ownership of More than Five Percent on Behalf of Another Person.

		No other persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from, or other proceeds from the sale of, the Class A common stock held by the Reporting Persons.

Item 7.		Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

		Not Applicable.

Item 8.		Identification and Classification of Members of the Group.

		Not Applicable.

Item 9.		Notice of Dissolution of Group.

		Not Applicable.

Item 10.		Certification.

		By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

June 23, 2021

/s/ Gary Scheier

Signature

Gary Scheier

Attorney-in-fact for:

William E. Oberndorf (1)

Oberndorf Investments LLC (1)

Peter C. Oberndorf (1)

Caroline G. Oberndorf (1)

William Oberndorf (1)

(1)	A Power of Attorney authorizing Gary Scheier to act on behalf of this person or entity was previously filed.

EXHIBIT INDEX


Exhibit		Document Description

A		Agreement Pursuant to Rule 13d-1(k)

SEC Form SC 13G/A filed by AppFolio, Inc. (Amendment)