Frederic Simon - 21 Nov 2023 Form 4 Insider Report for JFrog Ltd (FROG)

Role
Director
Signature
/s/ Shanti Ariker, as power of attorney
Issuer symbol
FROG
Transactions as of
21 Nov 2023
Net transactions value
-$931,954
Form type
4
Filing time
21 Nov 2023, 18:39:14 UTC
Previous filing
18 Oct 2023
Next filing
27 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FROG Ordinary Shares Sale $266,277 -10,000 -0.2% $26.63 5,044,432 21 Nov 2023 Direct F1, F2
transaction FROG Ordinary Shares Sale $665,678 -25,000 -0.5% $26.63 5,019,432 21 Nov 2023 Direct F1, F3
* 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 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person May 12, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $26.25 to $26.93. 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 This transaction was executed in multiple trades at prices ranging from $26.25 to $26.93. 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.