Explanatory Note
This Amendment No. 5 (Amendment No. 5) amends and restates in its entirety the Schedule 13D originally filed with the United States
Securities and Exchange Commission on July 7, 2015 (as amended to date, the Schedule 13D), by IGSB IVP III (IVP 3), IGSB Internal Venture Fund III (IVF 3), Investment Group of Santa Barbara, LLC
(IGSB), Maurice J. Duca, William R. Rauth III and Timothy K. Bliss (the Reporting Person), relating to the shares (the Shares) of Class A common stock, $0.0001 par value (the Class A Common
Stock), of AppFolio, Inc., a Delaware corporation (the Issuer).
Following the dissolution of IVP 3s investment funds, which was
effective as of December 1, 2021, IVP 3, IVF 3, IGSB and Mr. Rauth ceased to be the beneficial owner of more than five percent of the Issuers Class A Common Stock and are no longer reporting persons on the Schedule 13D. On a go
forward basis, Mr. Duca will report on a separate Schedule 13D on an individual basis.
Item 1. |
Security and Issuer. |
This Schedule 13D relates to the Class A Common Stock of the Issuer, whose principal executive office is located at 70 Castilian Drive, Santa Barbara,
California 93117.
Item 2. |
Identity and Background. |
The Schedule 13D is being filed by the Reporting Person, a citizen of the United States, whose principal business address is 1485 E. Valley Road, Suite F,
Santa Barbara, CA 93108. The Reporting Person is primarily engaged in the business of investing in securities and is a director of the Issuer.
During the
last five years, the Reporting Person has not been (i) convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with
respect to such laws.
Item 3. |
Source and Amount of Funds or Other Considerations. |
The Shares beneficially owned by the Reporting Person were acquired, as applicable, with personal funds, working capital or through distributions (for no
consideration) from various investment funds in which the Reporting Person is or was an investor.