JFrog Ltd — Director's Dealing 2020

Sep 22, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JFrog Ltd (FROG)
CIK: 0001800667
Period of Report: 2020-09-18

Reporting Person: HORING JEFF (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-18	Ordinary Shares	C	2959030	—	Acquired	3936158	Indirect
2020-09-18	Ordinary Shares	C	2426440	—	Acquired	3227697	Indirect
2020-09-18	Ordinary Shares	C	469369	—	Acquired	624366	Indirect
2020-09-18	Ordinary Shares	C	70404	—	Acquired	93655	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-18	Series A Convertible Preferred Shares	$	C	32269	Disposed		Ordinary Shares (32269)	Indirect
2020-09-18	Series A Convertible Preferred Shares	$	C	26461	Disposed		Ordinary Shares (26461)	Indirect
2020-09-18	Series A Convertible Preferred Shares	$	C	5118	Disposed		Ordinary Shares (5118)	Indirect
2020-09-18	Series A Convertible Preferred Shares	$	C	767	Disposed		Ordinary Shares (767)	Indirect
2020-09-18	Series A-1 Convertible Preferred Shares	$	C	284440	Disposed		Ordinary Shares (284440)	Indirect
2020-09-18	Series A-1 Convertible Preferred Shares	$	C	233244	Disposed		Ordinary Shares (233244)	Indirect
2020-09-18	Series A-1 Convertible Preferred Shares	$	C	45118	Disposed		Ordinary Shares (45118)	Indirect
2020-09-18	Series A-1 Convertible Preferred Shares	$	C	6767	Disposed		Ordinary Shares (6767)	Indirect
2020-09-18	Series D Convertible Preferred Shares	$	C	2642321	Disposed		Ordinary Shares (2642321)	Indirect
2020-09-18	Series D Convertible Preferred Shares	$	C	2166735	Disposed		Ordinary Shares (2166735)	Indirect
2020-09-18	Series D Convertible Preferred Shares	$	C	419133	Disposed		Ordinary Shares (419133)	Indirect
2020-09-18	Series D Convertible Preferred Shares	$	C	62870	Disposed		Ordinary Shares (62870)	Indirect

Footnotes

F1: The Series A Convertible Preferred Shares automatically converted into Ordinary Shares on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.

F2: The Series A-1 Convertible Preferred Shares automatically converted into Ordinary Shares on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.

F3: The Series D Convertible Preferred Shares automatically converted into Ordinary Shares on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering and had no expiration date.

F4: The reporting person is a member of the board of managers of Insight Holdings Group, LLC ("Holdings"). Holdings is the sole shareholder of Insight Venture Associates X, Ltd. ("IVA X Ltd"), which in turn is the general partner of Insight Venture Associates X, L.P. ("IVA X LP"), which in turn is the general partner of each of Insight Venture Partners X, L.P., Insight Venture Partners (Cayman) X, L.P., Insight Venture Partners (Delaware) X, L.P. and Insight Venture Partners X (Co-Investors), L.P. (collectively, "Fund X").

F5: All shares of stock of the issuer ("Shares") indicated as indirectly owned by the reporting person are included herein because the reporting person is a member of the board of managers of Holdings, Holdings is the sole shareholder of each of IVA X Ltd, IVA X Ltd is the general partner of IVA X LP, and in turn, IVA X LP is the general partner of Fund X, and the reporting person therefore may be deemed to share voting and dispositive power over such shares. The reporting person disclaims beneficial ownership of all shares of stock of the issuer held of record by Fund X, except to the extent of his pecuniary interest therein.

F6: The reported securities are held of record by Insight Venture Partners X, L.P.

F7: The reported securities are held of record by Insight Venture Partners (Cayman) X, L.P.

F8: The reported securities are held of record by Insight Venture Partners (Delaware) X, L.P.

F9: The reported securities are held of record by Insight Venture Partners X (Co-Investors), L.P.