Form 4: JFrog's CTO, Yoav Landman, Reports Changes in Beneficial Ownership
SEC Form 4
Yoav Landman, Chief Technology Officer of JFrog Ltd, reports acquisition and disposal of ordinary shares and restricted stock units.
Summary
- Yoav Landman, the Chief Technology Officer of JFrog Ltd, filed a Form 4 with the SEC.
- The filing reports changes in beneficial ownership of JFrog's ordinary shares and derivative securities.
- On May 20, 2025, Landman acquired 79,185 ordinary shares at $0 and disposed of 6,421,086 ordinary shares.
- Following these transactions, Landman beneficially owns 6,421,086 ordinary shares.
- The filing also details restricted stock units (RSUs) that vest over time, starting with 25% on the first anniversary of March 1, 2025, and the remainder in equal installments over the next twelve quarters beginning March 1, 2026, contingent on continued service.
Sentiment
Score: 5
Explanation: This is a routine filing of stock transactions by an officer, so the sentiment is neutral.
Future Outlook
The vesting of RSUs is contingent on the reporting person remaining a Service Provider through the grant date and each applicable vesting date.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | First anniversary for 25% vesting of restricted stock units (RSUs). |
| 05/20/2025 | Date of transaction for ordinary shares acquisition and disposal. |
| 05/22/2025 | Date of signature for the report. |
| 03/01/2026 | Start date for remainder of RSU vesting in equal installments over the next twelve quarters. |
Keywords
Form 4, beneficial ownership, JFrog, Landman, ordinary shares, RSUs, securities, CTO
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