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JFrog Ltd — Director's Dealing 2024
Mar 5, 2024
30944_dirs_2024-03-05_c5f3126e-dfa7-4552-8c34-04a7dcf18508.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: JFrog Ltd (FROG)
CIK: 0001800667
Period of Report: 2024-03-01
Reporting Person: Grabscheid Eduard (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-01 | Ordinary Shares | M | 1437 | — | Acquired | 60155 | Direct |
| 2024-03-04 | Ordinary Shares | S | 605 | $43.89 | Disposed | 85565 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-01 | Restricted Stock Units | $ | M | 187 | Disposed | Ordinary Shares (187) | Direct | |
| 2024-03-01 | Restricted Stock Units | $ | M | 1250 | Disposed | Ordinary Shares (1250) | Direct |
Footnotes
F1: Each restricted stock unit, or RSU, represents a contingent right to receive one ordinary share of the Issuer.
F2: Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of restricted share units, or RSUS, and does not represent a discretionary sale by the Reporting Person.
F3: The Reporting Person previously reported certain RSUs in Table II of Form 3. The total reported in Column 5 of this Form 4 includes 1,764 ordinary shares, 57,786 RSUs previously reported in Table I and the 26,015 RSUs previously reported in Table II. The RSUs vest as follows: (i) 57,786 RSUs pursuant to which one-fourth of the RSUs vest on March 1, 2025 and the remaining RSUs vest in 12 equal quarterly installments beginning on June 1, 2025; (ii) 1,125 RSUs which vest in six equal quarterly installments beginning on June 1, 2024; (iii) 11,250 RSUs which vest in nine equal installments beginning on June 1, 2024; and (iv) 13,640 RSUs pursuant to which one-fourth of the RSUs vest on June 1, 2024 and the remaining RSUs vest in 12 equal quarterly installments beginning on September 1, 2024.
F4: The remaining RSUs vest in six equal quarterly installments beginning on June 1, 2024.
F5: Following the reported transaction, the remaining RSUs were moved to Table I. See footnote (3) above.
F6: The remaining RSUs vest in nine equal installments beginning on June 1, 2024.