0001433195-26-000040
SEC filingAppFolio announces retirement of two directors, appointment of two new directors, and updates to non-employee director compensation, effective June 29, 2026.
The board changes at AppFolio involve the retirement of two long-serving directors and the addition of two new independent directors with strong industry backgrounds. Diya Jolly brings experience in product and technology leadership from Xero, Okta, and Google, while Michael Yang adds private investment and software entrepreneurship expertise. The appointment of CEO Shane Trigg as Chairman and Winifred Webb as Lead Independent Director strengthens governance by separating the roles of CEO and Chairman while ensuring independent leadership. The updated director compensation, including a higher equity award and a reduced committee chair retainer, aligns with market practices and incentivizes board service. These changes are effective June 29, 2026, and reflect a planned succession with no disagreements.