APPFOLIO INC — Call Transcript 2026

Good day. Welcome to the AppFolio 2026 Annual Meeting of Stockholders. I would now like to turn the conference over to Shane Trigg, President and CEO. Please go ahead. Good morning. I'm Shane Trigg, President and CEO of AppFolio. On behalf of the company, I'd like to thank you for participating in our 2026 Annual Meeting of Stockholders. I will be presiding as chairperson over the meeting and am joined today by Evan Pickering, our General Counsel and Corporate Secretary, who has been appointed to act as Inspector of Elections and who will also serve as secretary of the meeting. We are hosting this annual meeting via a live webcast, allowing our stockholders to virtually attend and participate in the meeting, submit questions via live chat, and vote their shares electronically. Please note that no one attending the meeting, whether via the webcast, telephonically, or in any other way, is permitted to use any audio or other recording device. A link to the meeting agenda and to the meeting's procedures and rules of conduct should appear in the bottom right corner of your screen. I specifically would like to thank the members of our board of directors, our Chief Financial Officer, Tim Eaton, and PricewaterhouseCoopers for attending today. At this point, I will turn the meeting over to Evan. Thank you, Shane. I hereby declare AppFolio's 2026 Annual Meeting of Stockholders open for formal business, given that notice of this meeting was properly served to all stockholders of record as of April 16th, 2026. A quorum is present in light of the fact that holders of a majority of the voting power of the company's stock, issued and outstanding as of the record date and entitled to vote, are present virtually or by proxy at this meeting, and all items of business are properly before the meeting. As noted in the agenda, we will first conduct the formal portion of the meeting, which is to vote on the three proposals set forth in the notice of 2026 Annual Meeting of Stockholders you received. Each of these proposals is more fully described in the 2026 proxy statement previously made available or distributed to you. Following this vote, we will answer questions that both specifically relate to the official business of the meeting and comply with the meeting's procedures and rules of conduct. Before acting on the proposals set forth in the notice of meeting, I would like to take a moment to cover some procedural points. First, you can vote in real time during this annual meeting by clicking on the voting button on your screen at any time from the beginning of the meeting until we close the polls. If you've already voted in advance, any vote you cast at this meeting will supersede your earlier vote. Therefore, if you've already voted and do not wish to change that vote, you do not need to vote again. Second, in the event of any technical difficulties before the formal adjournment of this meeting, we will temporarily adjourn and reconvene in accordance with our bylaws. Third, during the meeting, stockholders may submit up to two questions that pertain to the business of this meeting and comply with the meeting's procedures and rules of conduct, which we will address during the question and answer session. Questions may be submitted by using the question box on the screen. I now declare the polls for each matter to be voted on at this meeting open. You may vote until the polls are closed following the presentation of the proposals. The first matter of business to be conducted is the proposal to elect Olivia Nottebohm and Saori Casey as Class II directors to serve on our board of directors until the annual meeting of stockholders to be held in 2029, or until their respective successors have been duly elected and qualified. The second matter of business to be conducted is the proposal to ratify the selection of PricewaterhouseCoopers, LLP as our independent registered public accounting firm for the fiscal period from January 1st, 2026 through December 31st, 2026, which is our 2026 fiscal year. The third matter of business to be conducted is the proposal to approve, on a non-binding advisory basis, the compensation of our named executive officers as described in the 2026 proxy statement. Now that all four proposals have been presented, I declare the polls for each matter voted upon during this annual meeting closed. While the votes are being counted, we will pause to review whether any questions that pertain to the business of this annual meeting and comply with the meeting's procedures and rules of conduct have been submitted by stockholders. Shane, please go ahead when ready. There are no questions that pertain to the business of the meeting. We can proceed with reporting the results of voting. Thank you, Shane. A preliminary report of the voting results indicates that on the first proposal, a plurality of the votes cast by the shares present virtually are represented by proxy and entitled to vote on the election of directors at this annual meeting have been voted to elect the two nominated directors, Olivia Nottebohm and Saori Casey. On the second proposal, a majority of the outstanding shares present virtually are represented by proxy and entitled to vote on this proposal at this annual meeting have voted to ratify the selection of PricewaterhouseCoopers as our independent registered public accounting firm for fiscal year 2026. On the third proposal, a majority of the outstanding shares present virtually or represented by proxy and entitled to vote on this proposal at this annual meeting have voted to approve, on a non-binding advisory basis, the compensation of our named executive officers as disclosed in the proxy statement. I, in my capacity as Inspector of Elections, will furnish a written report of the vote count with respect to the matters voted on today, which will be included in the minutes of this meeting. We will also file a Form 8-K with the SEC to report the final results. I will now turn the meeting back over to Shane for adjournment. This concludes the formal business to be brought before AppFolio's 2026 Annual Meeting of Stockholders. Thank you again for your time today and for your continued support of AppFolio. This meeting is adjourned. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.

Speaker 2: Good day. Welcome to the AppFolio 2026 Annual Meeting of Stockholders. I would now like to turn the conference over to Shane Trigg, President and CEO. Please go ahead. Good day. good day Welcome to the AppFolio 2026 Annual Meeting of Stockholders. welcome to the appfolio 2026 annual meeting of stockholders I would now like to turn the conference over to Shane Trigg, President and CEO. i would now like to turn the conference over to shane trigg president and ceo Please go ahead. please go ahead

Speaker 3: Good morning. I'm Shane Trigg, President and CEO of AppFolio. On behalf of the company, I'd like to thank you for participating in our 2026 Annual Meeting of Stockholders. I will be presiding as chairperson over the meeting and am joined today by Evan Pickering, our General Counsel and Corporate Secretary, who has been appointed to act as Inspector of Elections and who will also serve as secretary of the meeting. We are hosting this annual meeting via a live webcast, allowing our stockholders to virtually attend and participate in the meeting, submit questions via live chat, and vote their shares electronically. Please note that no one attending the meeting, whether via the webcast, telephonically, or in any other way, is permitted to use any audio or other recording device. Good morning. good morning I'm Shane Trigg, President and CEO of AppFolio. i'm shane trigg president and ceo of appfolio On behalf of the company, I'd like to thank you for participating in our 2026 Annual Meeting of Stockholders. on behalf of the company i'd like to thank you for participating in our 2026 annual meeting of stockholders I will be presiding as chairperson over the meeting and am joined today by Evan Pickering, our General Counsel and Corporate Secretary, who has been appointed to act as Inspector of Elections and who will also serve as secretary of the meeting. i will be presiding as chairperson over the meeting and am joined today by evan pickering our general counsel and corporate secretary who has been appointed to act as inspector of elections and who will also serve as secretary of the meeting We are hosting this annual meeting via a live webcast, allowing our stockholders to virtually attend and participate in the meeting, submit questions via live chat, and vote their shares electronically. we are hosting this annual meeting via a live webcast allowing our stockholders to virtually attend and participate in the meeting submit questions via live chat and vote their shares electronically Please note that no one attending the meeting, whether via the webcast, telephonically, or in any other way, is permitted to use any audio or other recording device. please note that no one attending the meeting whether via the webcast telephonically or in any other way is permitted to use any audio or other recording device A link to the meeting agenda and to the meeting's procedures and rules of conduct should appear in the bottom right corner of your screen. I specifically would like to thank the members of our board of directors, our Chief Financial Officer, Tim Eaton, and PricewaterhouseCoopers for attending today. At this point, I will turn the meeting over to Evan. A link to the meeting agenda and to the meeting's procedures and rules of conduct should appear in the bottom right corner of your screen. a link to the meeting agenda and to the meeting's procedures and rules of conduct should appear in the bottom right corner of your screen I specifically would like to thank the members of our board of directors, our Chief Financial Officer, Tim Eaton, and PricewaterhouseCoopers for attending today. i specifically would like to thank the members of our board of directors our chief financial officer tim eaton and pricewaterhousecoopers for attending today At this point, I will turn the meeting over to Evan. at this point i will turn the meeting over to evan

Speaker 1: Thank you, Shane. I hereby declare AppFolio's 2026 Annual Meeting of Stockholders open for formal business, given that notice of this meeting was properly served to all stockholders of record as of April 16th, 2026. A quorum is present in light of the fact that holders of a majority of the voting power of the company's stock, issued and outstanding as of the record date and entitled to vote, are present virtually or by proxy at this meeting, and all items of business are properly before the meeting. As noted in the agenda, we will first conduct the formal portion of the meeting, which is to vote on the three proposals set forth in the notice of 2026 Annual Meeting of Stockholders you received. Each of these proposals is more fully described in the 2026 proxy statement previously made available or distributed to you. Thank you, Shane. thank you shane I hereby declare AppFolio's 2026 Annual Meeting of Stockholders open for formal business, given that notice of this meeting was properly served to all stockholders of record as of April 16th, 2026. i hereby declare appfolio's 2026 annual meeting of stockholders open for formal business given that notice of this meeting was properly served to all stockholders of record as of april 16th 2026 A quorum is present in light of the fact that holders of a majority of the voting power of the company's stock, issued and outstanding as of the record date and entitled to vote, are present virtually or by proxy at this meeting, and all items of business are properly before the meeting. a quorum is present in light of the fact that holders of a majority of the voting power of the company's stock issued and outstanding as of the record date and entitled to vote are present virtually or by proxy at this meeting and all items of business are properly before the meeting As noted in the agenda, we will first conduct the formal portion of the meeting, which is to vote on the three proposals set forth in the notice of 2026 Annual Meeting of Stockholders you received. as noted in the agenda we will first conduct the formal portion of the meeting which is to vote on the three proposals set forth in the notice of 2026 annual meeting of stockholders you received Each of these proposals is more fully described in the 2026 proxy statement previously made available or distributed to you. each of these proposals is more fully described in the 2026 proxy statement previously made available or distributed to you Following this vote, we will answer questions that both specifically relate to the official business of the meeting and comply with the meeting's procedures and rules of conduct. Before acting on the proposals set forth in the notice of meeting, I would like to take a moment to cover some procedural points. First, you can vote in real time during this annual meeting by clicking on the voting button on your screen at any time from the beginning of the meeting until we close the polls. If you've already voted in advance, any vote you cast at this meeting will supersede your earlier vote. Therefore, if you've already voted and do not wish to change that vote, you do not need to vote again. Second, in the event of any technical difficulties before the formal adjournment of this meeting, we will temporarily adjourn and reconvene in accordance with our bylaws. Following this vote, we will answer questions that both specifically relate to the official business of the meeting and comply with the meeting's procedures and rules of conduct. following this vote we will answer questions that both specifically relate to the official business of the meeting and comply with the meeting's procedures and rules of conduct Before acting on the proposals set forth in the notice of meeting, I would like to take a moment to cover some procedural points. before acting on the proposals set forth in the notice of meeting i would like to take a moment to cover some procedural points First, you can vote in real time during this annual meeting by clicking on the voting button on your screen at any time from the beginning of the meeting until we close the polls. first you can vote in real time during this annual meeting by clicking on the voting button on your screen at any time from the beginning of the meeting until we close the polls If you've already voted in advance, any vote you cast at this meeting will supersede your earlier vote. if you've already voted in advance any vote you cast at this meeting will supersede your earlier vote Therefore, if you've already voted and do not wish to change that vote, you do not need to vote again. therefore if you've already voted and do not wish to change that vote you do not need to vote again Second, in the event of any technical difficulties before the formal adjournment of this meeting, we will temporarily adjourn and reconvene in accordance with our bylaws. second in the event of any technical difficulties before the formal adjournment of this meeting we will temporarily adjourn and reconvene in accordance with our bylaws Third, during the meeting, stockholders may submit up to two questions that pertain to the business of this meeting and comply with the meeting's procedures and rules of conduct, which we will address during the question and answer session. Questions may be submitted by using the question box on the screen. I now declare the polls for each matter to be voted on at this meeting open. You may vote until the polls are closed following the presentation of the proposals. The first matter of business to be conducted is the proposal to elect Olivia Nottebohm and Saori Casey as Class II directors to serve on our board of directors until the annual meeting of stockholders to be held in 2029, or until their respective successors have been duly elected and qualified. Third, during the meeting, stockholders may submit up to two questions that pertain to the business of this meeting and comply with the meeting's procedures and rules of conduct, which we will address during the question and answer session. third during the meeting stockholders may submit up to two questions that pertain to the business of this meeting and comply with the meeting's procedures and rules of conduct which we will address during the question and answer session Questions may be submitted by using the question box on the screen. questions may be submitted by using the question box on the screen I now declare the polls for each matter to be voted on at this meeting open. i now declare the polls for each matter to be voted on at this meeting open You may vote until the polls are closed following the presentation of the proposals. you may vote until the polls are closed following the presentation of the proposals The first matter of business to be conducted is the proposal to elect Olivia Nottebohm and Saori Casey as Class II directors to serve on our board of directors until the annual meeting of stockholders to be held in 2029, or until their respective successors have been duly elected and qualified. the first matter of business to be conducted is the proposal to elect olivia nottebohm and saori casey as class ii directors to serve on our board of directors until the annual meeting of stockholders to be held in 2029 or until their respective successors have been duly elected and qualified The second matter of business to be conducted is the proposal to ratify the selection of PricewaterhouseCoopers, LLP as our independent registered public accounting firm for the fiscal period from January 1st, 2026 through December 31st, 2026, which is our 2026 fiscal year. The third matter of business to be conducted is the proposal to approve, on a non-binding advisory basis, the compensation of our named executive officers as described in the 2026 proxy statement. Now that all four proposals have been presented, I declare the polls for each matter voted upon during this annual meeting closed. While the votes are being counted, we will pause to review whether any questions that pertain to the business of this annual meeting and comply with the meeting's procedures and rules of conduct have been submitted by stockholders. Shane, please go ahead when ready. The second matter of business to be conducted is the proposal to ratify the selection of PricewaterhouseCoopers, LLP as our independent registered public accounting firm for the fiscal period from January 1st, 2026 through December 31st, 2026, which is our 2026 fiscal year. the second matter of business to be conducted is the proposal to ratify the selection of pricewaterhousecoopers llp as our independent registered public accounting firm for the fiscal period from january 1st 2026 through december 31st 2026 which is our 2026 fiscal year The third matter of business to be conducted is the proposal to approve, on a non-binding advisory basis, the compensation of our named executive officers as described in the 2026 proxy statement. the third matter of business to be conducted is the proposal to approve on a non-binding advisory basis the compensation of our named executive officers as described in the 2026 proxy statement Now that all four proposals have been presented, I declare the polls for each matter voted upon during this annual meeting closed. now that all four proposals have been presented i declare the polls for each matter voted upon during this annual meeting closed While the votes are being counted, we will pause to review whether any questions that pertain to the business of this annual meeting and comply with the meeting's procedures and rules of conduct have been submitted by stockholders. while the votes are being counted we will pause to review whether any questions that pertain to the business of this annual meeting and comply with the meeting's procedures and rules of conduct have been submitted by stockholders Shane, please go ahead when ready. shane please go ahead when ready

Speaker 3: There are no questions that pertain to the business of the meeting. We can proceed with reporting the results of voting. There are no questions that pertain to the business of the meeting. there are no questions that pertain to the business of the meeting We can proceed with reporting the results of voting. we can proceed with reporting the results of voting

Speaker 1: Thank you, Shane. A preliminary report of the voting results indicates that on the first proposal, a plurality of the votes cast by the shares present virtually are represented by proxy and entitled to vote on the election of directors at this annual meeting have been voted to elect the two nominated directors, Olivia Nottebohm and Saori Casey. On the second proposal, a majority of the outstanding shares present virtually are represented by proxy and entitled to vote on this proposal at this annual meeting have voted to ratify the selection of PricewaterhouseCoopers as our independent registered public accounting firm for fiscal year 2026. Thank you, Shane. thank you shane A preliminary report of the voting results indicates that on the first proposal, a plurality of the votes cast by the shares present virtually are represented by proxy and entitled to vote on the election of directors at this annual meeting have been voted to elect the two nominated directors, Olivia Nottebohm and Saori Casey. a preliminary report of the voting results indicates that on the first proposal a plurality of the votes cast by the shares present virtually are represented by proxy and entitled to vote on the election of directors at this annual meeting have been voted to elect the two nominated directors olivia nottebohm and saori casey On the second proposal, a majority of the outstanding shares present virtually are represented by proxy and entitled to vote on this proposal at this annual meeting have voted to ratify the selection of PricewaterhouseCoopers as our independent registered public accounting firm for fiscal year 2026. on the second proposal a majority of the outstanding shares present virtually are represented by proxy and entitled to vote on this proposal at this annual meeting have voted to ratify the selection of pricewaterhousecoopers as our independent registered public accounting firm for fiscal year 2026 On the third proposal, a majority of the outstanding shares present virtually or represented by proxy and entitled to vote on this proposal at this annual meeting have voted to approve, on a non-binding advisory basis, the compensation of our named executive officers as disclosed in the proxy statement. I, in my capacity as Inspector of Elections, will furnish a written report of the vote count with respect to the matters voted on today, which will be included in the minutes of this meeting. We will also file a Form 8-K with the SEC to report the final results. I will now turn the meeting back over to Shane for adjournment. On the third proposal, a majority of the outstanding shares present virtually or represented by proxy and entitled to vote on this proposal at this annual meeting have voted to approve, on a non-binding advisory basis, the compensation of our named executive officers as disclosed in the proxy statement. on the third proposal a majority of the outstanding shares present virtually or represented by proxy and entitled to vote on this proposal at this annual meeting have voted to approve on a non-binding advisory basis the compensation of our named executive officers as disclosed in the proxy statement I, in my capacity as Inspector of Elections, will furnish a written report of the vote count with respect to the matters voted on today, which will be included in the minutes of this meeting. i in my capacity as inspector of elections will furnish a written report of the vote count with respect to the matters voted on today which will be included in the minutes of this meeting We will also file a Form 8-K with the SEC to report the final results. we will also file a form 8-k with the sec to report the final results I will now turn the meeting back over to Shane for adjournment. i will now turn the meeting back over to shane for adjournment

Speaker 3: This concludes the formal business to be brought before AppFolio's 2026 Annual Meeting of Stockholders. Thank you again for your time today and for your continued support of AppFolio. This meeting is adjourned. This concludes the formal business to be brought before AppFolio's 2026 Annual Meeting of Stockholders. this concludes the formal business to be brought before appfolio's 2026 annual meeting of stockholders Thank you again for your time today and for your continued support of AppFolio. thank you again for your time today and for your continued support of appfolio This meeting is adjourned. this meeting is adjourned

Speaker 2: The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. The conference has now concluded. the conference has now concluded Thank you for attending today's presentation. thank you for attending today's presentation You may now disconnect. you may now disconnect