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

Role: Chief Financial Officer
Signature: /s/ Eyal Ben David, by power of attorney
Issuer symbol: FROG
Transactions as of: 16 Mar 2022
Net transactions value: -$123,374
Form type: 4
Filing time: 18 Mar 2022, 17:45:22 UTC
Previous filing: 18 Mar 2022
Next filing: 20 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FROG	Ordinary Shares	Options Exercise	$14,280	+6,000	+1.9%	$2.38^*	326,922	16 Mar 2022	Direct	F1
transaction	FROG	Ordinary Shares	Sale	$113,588	-4,969	-1.5%	$22.86	321,953	16 Mar 2022	Direct	F2, F3
transaction	FROG	Ordinary Shares	Sale	$24,065	-1,031	-0.32%	$23.34	320,922	16 Mar 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	-6,000	-1.4%	$0.000000	423,000	16 Mar 2022	Ordinary Shares	6,000	$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.