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

Role
Chief Financial Officer
Signature
/s/ Eyal David Ben, as power of attorney
Stock symbol
FROG
Transactions as of
Feb 15, 2023
Transactions value $
-$137,881
Form type
4
Date filed
2/17/2023, 01:23 PM
Previous filing
Dec 7, 2022
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FROG Ordinary Shares Options Exercise $15.5K +6.5K +2.1% $2.38* 316K Feb 15, 2023 Direct
transaction FROG Ordinary Shares Sale -$153K -6.5K -2.05% $23.59 310K Feb 15, 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 -6.5K -1.72% $0.00 371K Feb 15, 2023 Ordinary Shares 6.5K $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.