Yakov (jacob) Shulman - 15 Feb 2023 Form 4 Insider Report for JFrog Ltd (FROG)

Role: Chief Financial Officer
Signature: /s/ Eyal David Ben, as power of attorney
Issuer symbol: FROG
Transactions as of: 15 Feb 2023
Net transactions value: -$137,881
Form type: 4
Filing time: 17 Feb 2023, 13:23:18 UTC
Previous filing: 07 Dec 2022
Next filing: 06 Mar 2023
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	$15,470	+6,500	+2.1%	$2.38^*	316,495	15 Feb 2023	Direct
transaction	FROG	Ordinary Shares	Sale	$153,351	-6,500	-2.1%	$23.59	309,995	15 Feb 2023	Direct	F1, F2

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	-6,500	-1.7%	$0.000000	370,985	15 Feb 2023	Ordinary Shares	6,500	$2.38	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2	This transaction was executed in multiple trades at prices ranging from $23.38 to $24.01. 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.
F3	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.