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APPFOLIO INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and APPFOLIO INC.’s Form 8-K, filed 2024-06-21 (Item 5.07 on EDGAR). Page generated 04 October 2026.

  • 11Reported items
  • 375Asset managers
  • 3,189Fund votes
  • 2024-06-14Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore APPFOLIO INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by APPFOLIO INC.

These tallies are APPFOLIO INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2024-06-21 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

APPFOLIO INC. — official shareholder meeting results, meeting held 2024-06-14
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Timothy Bliss 148,977,337---- 5,491,2652,113,910 Majority: yes
Elect Director: Shane Trigg 153,811,860---- 656,7422,113,910 Majority: yes
Elect Director: Winifred Webb 150,269,831---- 4,198,7712,113,910 Majority: yes
Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm The second proposal voted upon at the Annual Meeting was the ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public a 156,524,035---- 58,477-- Passed
Proposal 3: Advisory Vote on Named Executive Officer Compensation The third proposal voted upon at the Annual Meeting was the approval, on a non-binding, advisory basis, of the compensation of the Company's named executive officers 148,843,775---- 5,624,8272,113,910 Passed
Proposal 5: Approval of the AppFolio, Inc 145,050,390---- 9,418,2122,113,910 Passed

Source: APPFOLIO INC., Form 8-K, filed with the SEC on 2024-06-21 — read the filing on EDGAR.

How asset managers voted at the APPFOLIO INC. 2023-2024 meeting

Each item below shows how the 375 asset managers that disclosed a APPFOLIO INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of APPFOLIO INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Advisory approval of the compensation of our Named Executive Officers.

SECTION 14A SAY-ON-PAY VOTESCompany result: Passed

Combines 10 wordings of this item as funds reported it.

96% Passed · of votes cast

FOR 96%
FOR: 148,843,775WITHHELD: 5,624,827

APPFOLIO INC.’s own tally for this item (“Proposal 3: Advisory Vote on Named Executive Officer Compensation The third proposal voted upon at the Annual Meeting was the approval, on a non-binding, advisory basis, of the compensation of the Company's named executi”): 148,843,775 for, 5,624,827 withheld — passed, per its Form 8-K filed 2024-06-21 (Item 5.07). Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 375 asset managers below cast 99.9% of the shares they voted on this item FOR (20,473,811 for, 2,270 against).

FOR 73%ABSTAIN 27%
FOR: 20,473,811 (72.7%)AGAINST: 2,270 (0.0%)ABSTAIN: 7,669,052 (27.2%)NOT VOTED: 18,366 (0.1%)UNKNOWN: 175 (0.0%)
Largest asset managers voting on “Advisory approval of the compensation of our Named Executive Officers.” at APPFOLIO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
12 West Capital Management LP9,632,3000 00For
Vanguard2,157,0760 6,0000For
BlackRock1,860,6010 20,1590For
Ashe Capital Management, LP1,448,0330 00For
T. Rowe Price298,9380 436,7880Abstain
BROWN CAPITAL MANAGEMENT LLC610,2930 00For
State Street506,0780 9,7370For
Putnam491,4710 00For
Brown Capital Management Mutual Funds491,1720 00For
FRED ALGER MANAGEMENT, LLC00 457,5820Abstain
Fidelity43,1530 412,9530Abstain
GEODE CAPITAL MANAGEMENT, LLC00 445,2870Abstain
ALGER FUNDS00 381,6180Abstain
DF DENT & CO INC375,1770 00For
Charles Schwab00 366,6480Abstain
Invesco00 344,6560Abstain
Man Group plc00 323,7500Abstain
NEW YORK STATE COMMON RETIREMENT FUND00 288,6590Abstain
Bridgewater284,8000 00For
JPMorgan00 256,1560Abstain
LORD, ABBETT & CO. LLC00 231,8230Abstain
GW&K Investment Management, LLC226,5750 1,9560For
Northern Trust220,1300 9920For
Nuveen00 209,5960Abstain
Lord Abbett00 206,0080Abstain

Showing the 25 largest of 375 asset managers. See all 375 in the interactive database.

2. Ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024.

AUDIT-RELATEDCompany result: Passed

Combines 5 wordings of this item as funds reported it.

99.9% Passed · of votes cast

FOR 99.9%
FOR: 156,524,035WITHHELD: 58,477

APPFOLIO INC.’s own tally for this item (“Proposal 2: Ratification of Appointment of Independent Registered Public Accounting Firm The second proposal voted upon at the Annual Meeting was the ratification of the appointment of PricewaterhouseCoopers LLP as the C”): 156,524,035 for, 58,477 withheld — passed, per its Form 8-K filed 2024-06-21 (Item 5.07). Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 119 asset managers below cast 100% of the shares they voted on this item FOR (7,719,766 for, 0 against).

FOR 99.7%
FOR: 7,719,766 (99.8%)ABSTAIN: 8,249 (0.1%)NOT VOTED: 9,492 (0.1%)
Largest asset managers voting on “Ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting ” at APPFOLIO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard2,106,9140 00For
BlackRock1,140,2380 00For
Brown Capital Management Mutual Funds491,1720 00For
Fidelity448,6180 00For
ALGER FUNDS381,6180 00For
T. Rowe Price298,6220 00For
Lord Abbett206,0080 00For
Charles Schwab183,3240 00For
TIAA180,8090 00For
Invesco166,1680 00For
Baird110,9370 00For
JPMorgan109,8100 00For
First Trust104,7930 00For
Jackson National98,8730 00For
Principal93,9440 00For
Prudential/PGIM89,6800 00For
Bridge Builder Trust87,3090 00For
FORUM FUNDS82,4010 00For
Equitable79,2820 00For
Capitol Series Trust64,1950 00For
John Hancock55,7720 00For
AMG FUNDS53,1720 00For
Dimensional48,8870 00For
Hartford47,6750 00For
Nationwide45,4610 00For

Showing the 25 largest of 119 asset managers. See all 119 in the interactive database.

3. Approve the AppFolio, Inc. 2025 Omnibus Incentive Plan.

COMPENSATION

Combines 4 wordings of this item as funds reported it.

99% fund support · no official result

ABSTAIN 98%

The 118 asset managers below cast 99% of the shares they voted on this item FOR (152,417 for, 2,270 against).

FOR: 152,417 (2.0%)AGAINST: 2,270 (0.0%)ABSTAIN: 7,508,431 (98.0%)WITHHOLD/ABSTAIN: 702 (0.0%)
Largest asset managers voting on “Approve the AppFolio, Inc. 2025 Omnibus Incentive Plan.” at APPFOLIO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard00 2,106,9140Abstain
BlackRock00 1,140,2380Abstain
Brown Capital Management Mutual Funds00 491,1720Abstain
Fidelity00 448,6180Abstain
ALGER FUNDS00 381,6180Abstain
T. Rowe Price00 298,6220Abstain
Lord Abbett00 206,0080Abstain
Charles Schwab00 183,3240Abstain
TIAA00 180,8090Abstain
Invesco00 166,1680Abstain
Baird00 110,9370Abstain
JPMorgan00 109,8100Abstain
First Trust00 104,7930Abstain
Jackson National00 98,8730Abstain
Principal00 93,9440Abstain
Prudential/PGIM00 89,6800Abstain
Bridge Builder Trust00 87,3090Abstain
FORUM FUNDS82,4010 00For
Equitable00 79,2820Abstain
John Hancock00 55,7720Abstain
AMG FUNDS00 53,1720Abstain
Dimensional00 48,8870Abstain
Hartford00 47,6750Abstain
Nationwide00 45,4610Abstain
Artisan00 44,1780Abstain

Showing the 25 largest of 118 asset managers. See all 118 in the interactive database.

4. Approve the AppFolio, Inc. 2025 Employee Stock Purchase Plan.

COMPENSATION

Combines 4 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 30%ABSTAIN 70%

The 117 asset managers below cast 99.9% of the shares they voted on this item FOR (2,313,873 for, 2,270 against).

FOR: 2,313,873 (30.2%)AGAINST: 2,270 (0.0%)ABSTAIN: 5,346,975 (69.8%)WITHHOLD/ABSTAIN: 702 (0.0%)
Largest asset managers voting on “Approve the AppFolio, Inc. 2025 Employee Stock Purchase Plan.” at APPFOLIO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard2,100,9140 6,0000For
BlackRock00 1,140,2380Abstain
Brown Capital Management Mutual Funds00 491,1720Abstain
Fidelity6,7700 441,8480Abstain
ALGER FUNDS00 381,6180Abstain
T. Rowe Price00 298,6220Abstain
Lord Abbett00 206,0080Abstain
Charles Schwab00 183,3240Abstain
TIAA00 180,8090Abstain
Invesco00 166,1680Abstain
Baird00 110,9370Abstain
JPMorgan00 109,8100Abstain
First Trust00 104,7930Abstain
Jackson National00 98,8730Abstain
Principal00 93,9440Abstain
Prudential/PGIM12,2900 77,3900Abstain
Bridge Builder Trust00 87,3090Abstain
FORUM FUNDS82,4010 00For
Equitable00 79,2820Abstain
John Hancock00 55,7720Abstain
AMG FUNDS00 53,1720Abstain
Dimensional00 48,8870Abstain
Hartford00 47,6750Abstain
Nationwide00 45,4610Abstain
Artisan00 44,1780Abstain

Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.

5. Election of Class III Directors: Shane Trigg

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 7 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 153,811,860WITHHELD: 656,742

APPFOLIO INC.’s own tally for this item (“Elect Director: Shane Trigg”): 153,811,860 for, 656,742 withheld, per its Form 8-K filed 2024-06-21 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 113 asset managers below cast 100% of the shares they voted on this item FOR (7,655,344 for, 0 against).

FOR 99.0%
FOR: 7,655,344 (99.0%)ABSTAIN: 64,160 (0.8%)NOT VOTED: 9,492 (0.1%)
Largest asset managers voting on “Election of Class III Directors: Shane Trigg” at APPFOLIO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard2,106,9140 00For
BlackRock1,140,2380 00For
Brown Capital Management Mutual Funds491,1720 00For
Fidelity448,6180 00For
ALGER FUNDS381,6180 00For
T. Rowe Price298,6220 00For
Lord Abbett206,0080 00For
Charles Schwab183,3240 00For
TIAA180,8090 00For
Invesco166,1680 00For
Baird110,9370 00For
JPMorgan109,8100 00For
First Trust104,7930 00For
Jackson National96,7090 2,1640For
Principal93,9440 00For
Prudential/PGIM89,6800 00For
Bridge Builder Trust87,3090 00For
FORUM FUNDS82,4010 00For
Equitable79,2820 00For
Capitol Series Trust64,1950 00For
John Hancock49,8660 5,9060For
AMG FUNDS53,1720 00For
Dimensional00 48,8870Abstain
Hartford47,6750 00For
Nationwide45,4610 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

6. Election of Class III Directors: Timothy Bliss

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 7 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 148,977,337WITHHELD: 5,491,265

APPFOLIO INC.’s own tally for this item (“Elect Director: Timothy Bliss”): 148,977,337 for, 5,491,265 withheld, per its Form 8-K filed 2024-06-21 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 113 asset managers below cast 99.9% of the shares they voted on this item FOR (4,771,240 for, 2,270 against).

FOR 62%ABSTAIN 38%
FOR: 4,771,240 (61.7%)AGAINST: 2,270 (0.0%)ABSTAIN: 2,945,994 (38.1%)NOT VOTED: 9,492 (0.1%)
Largest asset managers voting on “Election of Class III Directors: Timothy Bliss” at APPFOLIO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard2,100,9140 6,0000For
BlackRock1,140,2380 00For
Brown Capital Management Mutual Funds491,1720 00For
Fidelity35,6650 412,9530Abstain
ALGER FUNDS00 381,6180Abstain
T. Rowe Price172,9720 125,6500For
Lord Abbett00 206,0080Abstain
Charles Schwab00 183,3240Abstain
TIAA00 180,8090Abstain
Invesco00 166,1680Abstain
Baird00 110,9370Abstain
JPMorgan109,8100 00For
First Trust00 104,7930Abstain
Jackson National45,6750 53,1980Abstain
Principal00 93,9440Abstain
Prudential/PGIM70,1600 19,5200For
Bridge Builder Trust3,5980 83,7110Abstain
FORUM FUNDS82,4010 00For
Equitable37,2770 42,0050Abstain
Capitol Series Trust00 64,1950Abstain
John Hancock28,8650 26,9070For
AMG FUNDS53,1720 00For
Dimensional00 48,8870Abstain
Hartford00 47,6750Abstain
Nationwide26,1540 19,3070For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

7. Election of Class III Directors: Winifred Webb

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 7 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 150,269,831WITHHELD: 4,198,771

APPFOLIO INC.’s own tally for this item (“Elect Director: Winifred Webb”): 150,269,831 for, 4,198,771 withheld, per its Form 8-K filed 2024-06-21 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 113 asset managers below cast 99.9% of the shares they voted on this item FOR (5,645,520 for, 2,270 against).

FOR 73%ABSTAIN 27%
FOR: 5,645,520 (73.0%)AGAINST: 2,270 (0.0%)ABSTAIN: 2,071,714 (26.8%)NOT VOTED: 9,492 (0.1%)
Largest asset managers voting on “Election of Class III Directors: Winifred Webb” at APPFOLIO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard2,100,9140 6,0000For
BlackRock1,140,2380 00For
Brown Capital Management Mutual Funds491,1720 00For
Fidelity444,5190 4,0990For
ALGER FUNDS00 381,6180Abstain
T. Rowe Price172,9720 125,6500For
Lord Abbett00 206,0080Abstain
Charles Schwab183,3240 00For
TIAA00 180,8090Abstain
Invesco166,1680 00For
Baird00 110,9370Abstain
JPMorgan109,8100 00For
First Trust00 104,7930Abstain
Jackson National45,6750 53,1980Abstain
Principal00 93,9440Abstain
Prudential/PGIM70,1600 19,5200For
Bridge Builder Trust3,5980 83,7110Abstain
FORUM FUNDS82,4010 00For
Equitable37,2770 42,0050Abstain
Capitol Series Trust00 64,1950Abstain
John Hancock28,8650 26,9070For
AMG FUNDS53,1720 00For
Dimensional00 48,8870Abstain
Hartford00 47,6750Abstain
Nationwide26,7700 18,6910For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

8. DIRECTOR

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 6 asset managers below cast 100% of the shares they voted on this item FOR (10,047 for, 0 against).

FOR: 10,047 (100.0%)
Largest asset managers voting on “DIRECTOR” at APPFOLIO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Morgan Stanley6,3960 00For
RBB FUND, INC.2,1060 00For
Jackson Creek Investment Advisors LLC6390 00For
Zacks Trust5950 00For
SARATOGA ADVANTAGE TRUST2460 00For
SYNTAX ETF TRUST650 00For

9. Approve Omnibus Stock Plan

COMPENSATION

100% fund support · no official result

ABSTAIN 94%

The 4 asset managers below cast 100% of the shares they voted on this item FOR (54 for, 0 against).

FOR: 54 (0.0%)ABSTAIN: 150,656 (94.0%)NOT VOTED: 9,492 (5.9%)
Largest asset managers voting on “Approve Omnibus Stock Plan” at APPFOLIO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Insight Holdings Group, LLC00 86,4610Abstain
Capitol Series Trust00 64,1950Abstain
Empower00 00Not Voted
Uniplan Investment Counsel, Inc.540 00For

10. Approve Qualified Employee Stock Purchase Plan

COMPENSATION

100% fund support · no official result

ABSTAIN 94%

The 4 asset managers below cast 100% of the shares they voted on this item FOR (54 for, 0 against).

FOR: 54 (0.0%)ABSTAIN: 150,656 (94.0%)NOT VOTED: 9,492 (5.9%)
Largest asset managers voting on “Approve Qualified Employee Stock Purchase Plan” at APPFOLIO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Insight Holdings Group, LLC00 86,4610Abstain
Capitol Series Trust00 64,1950Abstain
Empower00 00Not Voted
Uniplan Investment Counsel, Inc.540 00For

11. Election of Class III Directors

DIRECTOR ELECTIONS

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%
Largest asset managers voting on “Election of Class III Directors” at APPFOLIO INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Northern Lights Fund Trust IV2940 00For
Starboard00 00--

Largest APPFOLIO INC. shareholders voting in 2023-2024

Ranked by the number of APPFOLIO INC. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 36,087,000 shares outstanding at the time of that meeting.

Top APPFOLIO INC. shareholders by shares voted, 2023-2024
#Asset manager % of shares outstanding
112 West Capital Management LP 26.69%
2Vanguard 5.99%
3BlackRock 5.21%
4Ashe Capital Management, LP 4.01%
5T. Rowe Price 2.04%
6BROWN CAPITAL MANAGEMENT LLC 1.69%
7State Street 1.43%
8Putnam 1.36%
9Brown Capital Management Mutual Funds 1.36%
10FRED ALGER MANAGEMENT, LLC 1.27%

Reported APPFOLIO INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

APPFOLIO INC. beneficial owners on record for the 2023-2024 proxy season
Holder % outstanding Disclosure
Maurice J. Duca 18.64% 13D
Klaus Schauser 9.35% DEF14A
Vanguard Group 6.81% 13F
BlackRock 6.69% 13F
Brown Capital Management, LLC 4.39% DEF14A
Ashe Capital Management, LP 4.01% DEF14A
State Street 1.94% 13F
FMR (Fidelity) 1.37% 13F
Geode Capital 1.27% 13F
Maurice Duca 0.87% DEF14A

Percentages above are of 36,087,000 shares outstanding, as reported by APPFOLIO INC. on its Form 10-Q dated 2024-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from APPFOLIO INC.’s 10-Q dated 2024-03-31. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At APPFOLIO INC.'s shareholder meeting held 2024-06-14, in the 2023-2024 proxy season, 375 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,189 separate fund positions. Their filings are grouped here into 11 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Advisory approval of the compensation of our Named Executive Officers. — the proposal passed with 96% support of the votes cast (FOR divided by FOR plus WITHHELD, because this ballot offered only for and withhold; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: APPFOLIO INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2024-06-21.

APPFOLIO INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.