[SCHEDULE 13G] AppFolio, Inc. SEC Filing
Ashe Capital Management, LP reports beneficial ownership of 1,331,260 shares of AppFolio Inc. Class A common stock, representing 5.8% of the class based on 22,871,704 shares outstanding. Ashe, a Delaware limited partnership and registered investment adviser, states it holds these shares in funds under its management and control and has sole voting and dispositive power over the reported shares. The filing includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer.
Ashe Capital Management, LP segnala la titolarit脿 effettiva di 1,331,260 azioni di AppFolio Inc. di classe A, pari al 5.8% della classe su un totale di 22,871,704 azioni in circolazione. Ashe, una limited partnership del Delaware e consulente di investimento registrato, dichiara che detiene queste azioni in fondi sotto la sua gestione e controllo e detiene il potere esclusivo di voto e di disposizione sulle azioni dichiarate. Il deposito include una certificazione che i titoli sono stati acquisiti e sono detenuti nell'ambito dell'ordinaria attivit脿 commerciale e non sono stati acquisiti per modificare o influenzare il controllo dell'emittente.
Ashe Capital Management, LP informa la titularidad beneficiaria de 1,331,260 acciones ordinarias Clase A de AppFolio Inc., que representan el 5.8% de la clase seg煤n 22,871,704 acciones en circulaci贸n. Ashe, una sociedad limitada de Delaware y asesora de inversiones registrada, indica que mantiene estas acciones en fondos bajo su gesti贸n y control y tiene el poder exclusivo de voto y de disposici贸n sobre las acciones reportadas. La presentaci贸n incluye una certificaci贸n de que los valores fueron adquiridos y se mantienen en el curso ordinario de sus negocios y no fueron adquiridos para cambiar o influir en el control del emisor.
Ashe Capital Management, LP電� AppFolio Inc. 韥措灅鞀� A 氤错喌欤� 1,331,260欤检棎 雽�頃� 鞁れ鞝� 靻岇湢毳� 氤搓碃頃橂┌, 鞚措姅 氚滍枆欤检嫕靾� 22,871,704欤茧ゼ 旮办鞙茧 頃措嫻 韥措灅鞀れ潣 5.8%鞐� 頃措嫻頃╇媹雼�. 雿鸽澕鞗柎 鞙犿暅頃╈瀽須岇偓鞚挫瀽 霌彪霅� 韴瀽鞛愲靷澑 Ashe電� 鞚措煬頃� 欤检嫕鞚� 甏�毽讽喌鞝滍晿電� 韼�霌滌棎靹� 氤挫湢頃橁碃 鞛堨溂氅�, 氤搓碃霅� 欤检嫕鞐� 雽�頃� 雼弲 鞚橁舶甓� 氚� 觳橂秳甓�鞚� 氤挫湢頃橁碃 鞛堧嫟瓿� 氚濏灆雼堧嫟. 鞝滌稖靹滊鞐愲姅 頃措嫻 歃濌秾鞚� 鞚检儊鞝侅澑 鞓侅梾瓿检爼鞐愳劀 旆摑 氚� 氤挫湢霅橃棃鞙茧┌ 氚滍枆鞚胳潣 歆�氚瓣秾鞚� 氤�瓴巾晿瓯半倶 鞓來枼霠レ潉 頄夓偓頃橁赴 鞙勴暣 旆摑霅� 瓴冹澊 鞎勲媹雼�霛茧姅 頇曥澑靹滉皜 韽暔霅橃柎 鞛堨姷雼堧嫟.
Ashe Capital Management, LP d茅clare la propri茅t茅 effective de 1,331,260 actions ordinaires de classe A d'AppFolio Inc., repr茅sentant 5.8% de la classe sur la base de 22,871,704 actions en circulation. Ashe, une soci茅t茅 en commandite du Delaware et conseiller en investissement enregistr茅, indique d茅tenir ces actions dans des fonds sous sa gestion et son contr么le et poss猫de le pouvoir exclusif de vote et de disposition sur les actions d茅clar茅es. Le d茅p么t comprend une attestation que les titres ont 茅t茅 acquis et sont d茅tenus dans le cours normal des affaires et n'ont pas 茅t茅 acquis pour modifier ou influencer le contr么le de l'茅metteur.
Ashe Capital Management, LP meldet wirtschaftliches Eigentum an 1,331,260 Aktien der AppFolio Inc. Klasse A-Stammaktien, was basierend auf 22,871,704 ausstehenden Aktien 5.8% der Klasse entspricht. Ashe, eine Delaware Limited Partnership und als Anlageberater registriert, gibt an, diese Aktien in von ihr verwalteten und kontrollierten Fonds zu halten und 眉ber die gemeldeten Aktien alleiniges Stimm- und Verf眉gungsrecht zu besitzen. Die Einreichung enth盲lt eine Bescheinigung, dass die Wertpapiere im gew枚hnlichen Gesch盲ftsverlauf erworben und gehalten wurden und nicht erworben wurden, um die Kontrolle des Emittenten zu 盲ndern oder zu beeinflussen.
- Material stake disclosed: Ashe beneficially owns 1,331,260 shares, representing 5.8% of AppFolio's Class A shares, a reportable holding above the 5% threshold.
- Sole voting and dispositive power: Ashe reports both sole voting power and sole dispositive power over the reported shares, clarifying control of voting rights.
- None.
Insights
TL;DR: Ashe discloses a material 5.8% stake in AppFolio with sole voting and dispositive power; position is held in managed funds.
Ashe's reported 1,331,260 shares exceed the 5% reporting threshold, making this a material disclosure for investors and regulators. The filing clarifies the stake is held by funds under Ashe's management and that Ashe exercises sole voting and dispositive authority, which is relevant for monitoring potential shareholder influence. The certification that the stake is held in the ordinary course and not to change control reduces near-term governance concern, leaving the immediate impact largely informational rather than a declared activist move.
TL;DR: A disclosed 5.8% ownership with sole voting power is material to governance monitoring, though the filer denies intent to seek control.
The filing identifies Ashe as a Delaware-registered adviser holding the shares on behalf of a private investment limited partnership and asserting sole voting/dispositive power. From a governance perspective, the stake is significant enough to merit attention from the company's board and investor relations teams, but the explicit certification that the position is not for changing control suggests no immediate proxy contest or takeover intent is declared in this filing.
Ashe Capital Management, LP segnala la titolarit脿 effettiva di 1,331,260 azioni di AppFolio Inc. di classe A, pari al 5.8% della classe su un totale di 22,871,704 azioni in circolazione. Ashe, una limited partnership del Delaware e consulente di investimento registrato, dichiara che detiene queste azioni in fondi sotto la sua gestione e controllo e detiene il potere esclusivo di voto e di disposizione sulle azioni dichiarate. Il deposito include una certificazione che i titoli sono stati acquisiti e sono detenuti nell'ambito dell'ordinaria attivit脿 commerciale e non sono stati acquisiti per modificare o influenzare il controllo dell'emittente.
Ashe Capital Management, LP informa la titularidad beneficiaria de 1,331,260 acciones ordinarias Clase A de AppFolio Inc., que representan el 5.8% de la clase seg煤n 22,871,704 acciones en circulaci贸n. Ashe, una sociedad limitada de Delaware y asesora de inversiones registrada, indica que mantiene estas acciones en fondos bajo su gesti贸n y control y tiene el poder exclusivo de voto y de disposici贸n sobre las acciones reportadas. La presentaci贸n incluye una certificaci贸n de que los valores fueron adquiridos y se mantienen en el curso ordinario de sus negocios y no fueron adquiridos para cambiar o influir en el control del emisor.
Ashe Capital Management, LP電� AppFolio Inc. 韥措灅鞀� A 氤错喌欤� 1,331,260欤检棎 雽�頃� 鞁れ鞝� 靻岇湢毳� 氤搓碃頃橂┌, 鞚措姅 氚滍枆欤检嫕靾� 22,871,704欤茧ゼ 旮办鞙茧 頃措嫻 韥措灅鞀れ潣 5.8%鞐� 頃措嫻頃╇媹雼�. 雿鸽澕鞗柎 鞙犿暅頃╈瀽須岇偓鞚挫瀽 霌彪霅� 韴瀽鞛愲靷澑 Ashe電� 鞚措煬頃� 欤检嫕鞚� 甏�毽讽喌鞝滍晿電� 韼�霌滌棎靹� 氤挫湢頃橁碃 鞛堨溂氅�, 氤搓碃霅� 欤检嫕鞐� 雽�頃� 雼弲 鞚橁舶甓� 氚� 觳橂秳甓�鞚� 氤挫湢頃橁碃 鞛堧嫟瓿� 氚濏灆雼堧嫟. 鞝滌稖靹滊鞐愲姅 頃措嫻 歃濌秾鞚� 鞚检儊鞝侅澑 鞓侅梾瓿检爼鞐愳劀 旆摑 氚� 氤挫湢霅橃棃鞙茧┌ 氚滍枆鞚胳潣 歆�氚瓣秾鞚� 氤�瓴巾晿瓯半倶 鞓來枼霠レ潉 頄夓偓頃橁赴 鞙勴暣 旆摑霅� 瓴冹澊 鞎勲媹雼�霛茧姅 頇曥澑靹滉皜 韽暔霅橃柎 鞛堨姷雼堧嫟.
Ashe Capital Management, LP d茅clare la propri茅t茅 effective de 1,331,260 actions ordinaires de classe A d'AppFolio Inc., repr茅sentant 5.8% de la classe sur la base de 22,871,704 actions en circulation. Ashe, une soci茅t茅 en commandite du Delaware et conseiller en investissement enregistr茅, indique d茅tenir ces actions dans des fonds sous sa gestion et son contr么le et poss猫de le pouvoir exclusif de vote et de disposition sur les actions d茅clar茅es. Le d茅p么t comprend une attestation que les titres ont 茅t茅 acquis et sont d茅tenus dans le cours normal des affaires et n'ont pas 茅t茅 acquis pour modifier ou influencer le contr么le de l'茅metteur.
Ashe Capital Management, LP meldet wirtschaftliches Eigentum an 1,331,260 Aktien der AppFolio Inc. Klasse A-Stammaktien, was basierend auf 22,871,704 ausstehenden Aktien 5.8% der Klasse entspricht. Ashe, eine Delaware Limited Partnership und als Anlageberater registriert, gibt an, diese Aktien in von ihr verwalteten und kontrollierten Fonds zu halten und 眉ber die gemeldeten Aktien alleiniges Stimm- und Verf眉gungsrecht zu besitzen. Die Einreichung enth盲lt eine Bescheinigung, dass die Wertpapiere im gew枚hnlichen Gesch盲ftsverlauf erworben und gehalten wurden und nicht erworben wurden, um die Kontrolle des Emittenten zu 盲ndern oder zu beeinflussen.
FAQ
How many AppFolio (APPF) shares does Ashe Capital own?
What percentage of APPF does Ashe Capital's holding represent?
Does Ashe Capital have voting control over the shares?
Are the shares held on behalf of another person or fund?
Was the stake acquired to influence control of AppFolio?
