Yakov (Jacob) Shulman - Jun 2, 2022 Form 4 Insider Report for JFrog Ltd (FROG)

Role
Chief Financial Officer
Signature
/s/ Eyal Ban David, by power of attorney
Stock symbol
FROG
Transactions as of
Jun 2, 2022
Transactions value $
-$348,644
Form type
4
Date filed
6/6/2022, 06:22 PM
Previous filing
May 17, 2022
Next filing
Jun 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FROG Ordinary Shares Sale -$122K -6.26K -1.95% $19.55 315K Jun 2, 2022 Direct F1
transaction FROG Ordinary Shares Sale -$226K -11.6K -3.68% $19.52 303K Jun 3, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs). This sale satisfies the minimum statutory tax withholding obligations to be funded by a "sell-to-cover" transaction and does not represents a discretionary sale by the Reporting Person.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 This transaction was executed in multiple trades at prices ranging from $19.35 to $19.91. 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.