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

Signature
/s/ Shanti Ariker, as power of attorney
Stock symbol
FROG
Transactions as of
Dec 4, 2023
Transactions value $
-$326,883
Form type
4
Date filed
12/6/2023, 07:16 PM
Previous filing
Nov 7, 2023
Next filing
Jan 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FROG Ordinary Shares Sale -$112K -4K -0.71% $28.02 559K Dec 4, 2023 Direct F1
transaction FROG Ordinary Shares Sale -$215K -7.41K -1.32% $29.00 552K Dec 6, 2023 Direct F2, F3
* 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 Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of Restricted Stock Units (RSUs) and does not represent a discretionary sale by the Reporting Person.
F2 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.
F3 This transaction was executed in multiple trades at prices ranging from $28.72 to $29.27. 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.