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

Role
Chief Financial Officer
Signature
/s/ Eyal Ben David, as power of attorney
Stock symbol
FROG
Transactions as of
May 15, 2023
Transactions value $
-$162,320
Form type
4
Date filed
5/17/2023, 06:29 PM
Previous filing
Mar 6, 2023
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FROG Ordinary Shares Award $0 +218K +71.44% $0.00 524K May 15, 2023 Direct F1
transaction FROG Ordinary Shares Options Exercise $19K +8K +1.53% $2.38* 532K May 16, 2023 Direct
transaction FROG Ordinary Shares Sale -$181K -8K -1.5% $22.67 524K May 16, 2023 Direct F2, F3

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 Employer Share Option (right to buy) Options Exercise $0 -8K -2.16% $0.00 363K May 16, 2023 Ordinary Shares 8K $2.38 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The ordinary shares are represented by restricted stock units, or RSUs, of which 25% vest on June 1, 2024 and the remaining RSUs vest in 12 equal quarterly installments beginning on September 1, 2024.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 9, 2022.
F3 This transaction was executed in multiple trades at prices ranging from $22.35 to $22.87. 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 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.