JFrog Ltd — Director's Dealing 2023

Jul 19, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JFrog Ltd (FROG)
CIK: 0001800667
Period of Report: 2023-07-17

Reporting Person: Shulman Yakov (Jacob) (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-17	Ordinary Shares	M	10000	$2.38	Acquired	507292	Direct
2023-07-17	Ordinary Shares	M	10000	$15.12	Acquired	517292	Direct
2023-07-17	Ordinary Shares	S	20000	$30.00	Disposed	497292	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-17	Employer Share Option (right to buy)	$2.38	M	10000	Disposed	2028-07-31	Ordinary Shares (10000)	Direct
2023-07-17	Employer Share Option (right to buy)	$15.12	M	10000	Disposed	2030-02-03	Ordinary Shares (10000)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 9, 2022.

F2: This transaction was executed in multiple trades at prices ranging from $30.00 to $30.01. 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: The shares underlying the options were fully vested on May 7, 2023.

F4: Approximately one-fourth of the shares subject to the option vested on January 13, 2021, and the remaining shares subject to the option vest in 12 quarterly installments thereafter.