Elisa Steele - Aug 8, 2023 Form 4 Insider Report for JFrog Ltd (FROG)

Role
Director
Signature
/s/ Eyal Ben David, by power of attorney
Stock symbol
FROG
Transactions as of
Aug 8, 2023
Transactions value $
-$102,572
Form type
4
Date filed
8/10/2023, 07:15 PM
Previous filing
Jul 20, 2023
Next filing
Aug 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction FROG Ordinary Shares -Sell -$34,388 -1,199 -5.41% $28.68 20,976 Aug 8, 2023 Direct F1, F2
transaction FROG Ordinary Shares -Sell -$34,419 -1,200 -5.72% $28.68 19,776 Aug 8, 2023 Direct F1, F3
transaction FROG Ordinary Shares -Sell -$33,764 -1,199 -6.06% $28.16 18,577 Aug 9, 2023 Direct F1

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 May 9, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $28.59 to $28.80. 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 This transaction was executed in multiple trades at prices ranging from $28.55 to $28.93. 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.