Landman Yoav 4

What Happened
Yoav Landman, JFrog’s Chief Technology Officer and a director, sold a total of 45,000 JFrog shares in open‑market transactions on January 16, 2026, generating approximately $2,596,949. The sales were reported as three blocks: 21,100 shares at a weighted average $57.28 ($1,208,608), 23,504 shares at $58.08 ($1,365,112), and 396 shares at $58.66 ($23,229). These were outright sales (not purchases or option exercises).

Key Details

• Transaction date: January 16, 2026; Form 4 filed January 21, 2026 (filed one business day after the two‑business‑day deadline).
• Prices/ranges: reported weighted averages 57.28, 58.08, 58.66; underlying trades executed across ranges:
  • 21,100-share block: trades priced $56.65–$57.64 (weighted avg $57.28).
  • 23,504-share block: trades priced $57.65–$58.63 (weighted avg $58.08).
  • 396-share block: trades priced $58.65–$58.68 (weighted avg $58.66).
• Total shares sold: 45,000; total proceeds: ~$2.60 million.
• Shares owned after transaction: not specified in the information provided.
• Notable footnote: sales were made pursuant to a Rule 10b5‑1 trading plan adopted by Landman on September 1, 2025; the filing notes the reporter can provide per‑trade price breakdowns on request.

Context
Sales under a 10b5‑1 plan are prearranged and can limit what the transactions imply about the insider’s current view of the company; they are commonly used to orderly dispose of shares. Because these were sales (not purchases), they are generally treated as routine insider liquidity rather than a direct bullish signal. The late filing (filed after the two‑business‑day window) is a procedural note investors may track but does not itself indicate trading rationale.