Yakov (jacob) Shulman - 17 Jul 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
17 Jul 2023
Net transactions value
-$425,000
Form type
4
Filing time
19 Jul 2023, 17:46:29 UTC
Previous filing
06 Jun 2023
Next filing
08 Aug 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 $23,800 +10,000 +2% $2.38* 507,292 17 Jul 2023 Direct
transaction FROG Ordinary Shares Options Exercise $151,200 +10,000 +2% $15.12 517,292 17 Jul 2023 Direct
transaction FROG Ordinary Shares Sale $600,000 -20,000 -3.9% $30.00 497,292 17 Jul 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 -10,000 -2.8% $0.000000 352,985 17 Jul 2023 Ordinary Shares 10,000 $2.38 Direct F3
transaction FROG Employer Share Option (right to buy) Options Exercise $0 -10,000 -2.8% $0.000000 342,985 17 Jul 2023 Ordinary Shares 10,000 $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.