Yakov (Jacob) Shulman - Mar 16, 2022 Form 4 Insider Report for JFrog Ltd (FROG)

Role
Chief Financial Officer
Signature
/s/ Eyal Ben David, by power of attorney
Stock symbol
FROG
Transactions as of
Mar 16, 2022
Transactions value $
-$123,374
Form type
4
Date filed
3/18/2022, 05:45 PM
Previous filing
Mar 18, 2022
Next filing
Apr 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FROG Ordinary Shares Options Exercise $14.3K +6K +1.87% $2.38* 327K Mar 16, 2022 Direct F1
transaction FROG Ordinary Shares Sale -$114K -4.97K -1.52% $22.86 322K Mar 16, 2022 Direct F2, F3
transaction FROG Ordinary Shares Sale -$24.1K -1.03K -0.32% $23.34 321K Mar 16, 2022 Direct F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FROG Employee Share Option (right to buy) Options Exercise $0 -6K -1.4% $0.00 423K Mar 16, 2022 Ordinary Shares 6K $2.38 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 447 Ordinary Shares acquired under the Company's 2020 Employee Share Purchase Plan (the "ESPP Plan") on August 31, 2021 and 649 Ordinary Shares acquired under the ESPP Plan on February 28, 2022.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
F3 This transaction was executed in multiple trades at prices ranging from $22.26 to $23.22. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F4 This transaction was executed in multiple trades at prices ranging from $23.27 to $23.38. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F5 One-fifth of the shares subject to the option vested on May 7, 2019, and the remaining shares subject to the option vest in four equal annual installments thereafter.