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

Role
Chief Financial Officer
Signature
/s/ Eyal Ben David, as power of attorney
Issuer symbol
FROG
Transactions as of
15 May 2023
Net transactions value
-$162,320
Form type
4
Filing time
17 May 2023, 18:29:59 UTC
Previous filing
06 Mar 2023
Next filing
02 Jun 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 Award $0 +218,245 +71% $0.000000 523,735 15 May 2023 Direct F1
transaction FROG Ordinary Shares Options Exercise $19,040 +8,000 +1.5% $2.38* 531,735 16 May 2023 Direct
transaction FROG Ordinary Shares Sale $181,360 -8,000 -1.5% $22.67 523,735 16 May 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 -8,000 -2.2% $0.000000 362,985 16 May 2023 Ordinary Shares 8,000 $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.