Tali Notman - Sep 7, 2023 Form 4 Insider Report for JFrog Ltd (FROG)

Signature
/s/ Eyal Ben David, as power of attorney
Stock symbol
FROG
Transactions as of
Sep 7, 2023
Transactions value $
-$207,892
Form type
4
Date filed
9/8/2023, 03:26 PM
Previous filing
Sep 7, 2023
Next filing
Oct 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FROG Ordinary Shares Sale -$208K -7.35K -1.26% $28.30 575K Sep 7, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 March 7, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $28.00 to $28.51. 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.