Yakov (Jacob) Shulman - Jul 17, 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
Jul 17, 2023
Transactions value $
-$425,000
Form type
4
Date filed
7/19/2023, 05:46 PM
Previous filing
Jun 6, 2023
Next filing
Aug 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FROG Ordinary Shares Options Exercise $23.8K +10K +2.01% $2.38* 507K Jul 17, 2023 Direct
transaction FROG Ordinary Shares Options Exercise $151K +10K +1.97% $15.12 517K Jul 17, 2023 Direct
transaction FROG Ordinary Shares Sale -$600K -20K -3.87% $30.00 497K Jul 17, 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 Employer Share Option (right to buy) Options Exercise $0 -10K -2.75% $0.00 353K Jul 17, 2023 Ordinary Shares 10K $2.38 Direct F3
transaction FROG Employer Share Option (right to buy) Options Exercise $0 -10K -2.83% $0.00 343K Jul 17, 2023 Ordinary Shares 10K $15.12 Direct F4
* 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 on December 9, 2022.
F2 This transaction was executed in multiple trades at prices ranging from $30.00 to $30.01. 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 The shares underlying the options were fully vested on May 7, 2023.
F4 Approximately one-fourth of the shares subject to the option vested on January 13, 2021, and the remaining shares subject to the option vest in 12 quarterly installments thereafter.