Eduard Grabscheid - 01 Mar 2024 Form 4 Insider Report for JFrog Ltd (FROG)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Shanti Ariker, Attorney-in-Fact
Issuer symbol: FROG
Transactions as of: 01 Mar 2024
Net transactions value: -$26,553
Form type: 4
Filing time: 05 Mar 2024, 15:47:50 UTC
Previous filing: 03 Jan 2024
Next filing: 22 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FROG	Ordinary Shares	Options Exercise		+1,437	+2.4%		60,155	01 Mar 2024	Direct	F1
transaction	FROG	Ordinary Shares	Sale	$26,553	-605	-0.7%	$43.89	85,565	04 Mar 2024	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FROG	Restricted Stock Units	Options Exercise	$0	-187	-100%	$0.000000^*	0	01 Mar 2024	Ordinary Shares	187		Direct	F1, F4, F5
transaction	FROG	Restricted Stock Units	Options Exercise	$0	-1,250	-100%	$0.000000^*	0	01 Mar 2024	Ordinary Shares	1,250		Direct	F1, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.