Ben Haim Shlomi - 13 Feb 2024 Form 4 Insider Report for JFrog Ltd (FROG)

Role: Chief Executive Officer, Director
Signature: /s/ Shanti Ariker, as power of attorney
Issuer symbol: FROG
Transactions as of: 13 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 15 Feb 2024, 17:03:49 UTC
Previous filing: 05 Feb 2024
Next filing: 06 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FROG	Ordinary Shares	Award	$0	+174,596	+3.6%	$0.000000	5,020,024	13 Feb 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These securities are performance-based restricted share units (PSUs). Each PSU represents a contingent right to receive one ordinary share. On February 13, 2024, the Issuer's Board of Directors and the Compensation Committee of the Issuer's Board of Directors certified and approved that the PSUs became eligible to vest pursuant to the Reporting Person's continued service based on the Issuer's achievement of total shareholder return for 2023 greater than the median of the total shareholder return for the companies in the Issuer's 2023 compensation peer group. 25% of the PSUs will vest on March 1, 2024, after which the PSUs will continue to vest on a quarterly basis over the following 12 quarters, subject to the Reporting Person's continued service to the Issuer.

Content

These securities are performance-based restricted share units (PSUs). Each PSU represents a contingent right to receive one ordinary share. On February 13, 2024, the Issuer's Board of Directors and the Compensation Committee of the Issuer's Board of Directors certified and approved that the PSUs became eligible to vest pursuant to the Reporting Person's continued service based on the Issuer's achievement of total shareholder return for 2023 greater than the median of the total shareholder return for the companies in the Issuer's 2023 compensation peer group. 25% of the PSUs will vest on March 1, 2024, after which the PSUs will continue to vest on a quarterly basis over the following 12 quarters, subject to the Reporting Person's continued service to the Issuer.