JFrog Ltd — Director's Dealing 2023

May 18, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JFrog Ltd (FROG)
CIK: 0001800667
Period of Report: 2023-05-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-15	Ordinary Shares	A	218245	$0.00	Acquired	523735	Direct
2023-05-16	Ordinary Shares	M	8000	$2.38	Acquired	531735	Direct
2023-05-16	Ordinary Shares	S	8000	$22.67	Disposed	523735	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-16	Employer Share Option (right to buy)	$2.38	M	8000	Disposed	2018-07-31	Ordinary Shares (8000)	Direct

Footnotes

F1: The ordinary shares are represented by restricted stock units, or RSUs, of which 25% vest on June 1, 2024 and the remaining RSUs vest in 12 equal quarterly installments beginning on September 1, 2024.

F2: 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.

F3: This transaction was executed in multiple trades at prices ranging from $22.35 to $22.87. 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.

F4: One-fifth of the shares subject to the option vested on May 7, 2019, and the remaining shares subject to the option vest in four equal annual installments thereafter.