Frederic Simon - 04 Apr 2023 Form 4 Insider Report for JFrog Ltd (FROG)

Role
Director
Signature
/s/ Eyal Ben David, as power of attorney
Issuer symbol
FROG
Transactions as of
04 Apr 2023
Net transactions value
-$301,075
Form type
4
Filing time
06 Apr 2023, 13:38:11 UTC
Previous filing
16 Mar 2023
Next filing
14 Apr 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FROG Ordinary Shares Sale $5,600 -280 -0.01% $20.00 5,366,854 04 Apr 2023 Direct F1
transaction FROG Ordinary Shares Sale $295,475 -14,720 -0.27% $20.07 5,352,134 05 Apr 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 8, 2022.
F2 This transaction was executed in multiple trades at prices ranging from $20.00 to $20.16. 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.