Grabscheid Eduard 4
4 · JFrog Ltd · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
JFrog (FROG) CFO Eduard Grabscheid Receives Award
What Happened
Eduard Grabscheid, Chief Financial Officer of JFrog Ltd (FROG), was awarded a total of 126,101 restricted share units on February 10, 2026. The filing shows two awards: 18,632 performance-based restricted share units (PSUs) and 107,469 time-based restricted stock units (RSUs). Both awards were reported as grants (transaction code A) with an acquisition price of $0.00 (i.e., awards, not purchases or sales).
Key Details
- Transaction date: 2026-02-10; reported on Form 4 filed 2026-02-12 (timely filing).
- Awards: 18,632 PSUs (F1) and 107,469 RSUs (F2); total 126,101 units.
- Reported acquisition price: $0.00 for both awards (typical for RSU/PSU grants).
- Shares owned after the transaction: Not disclosed in the filing.
- Important footnotes:
- F1 (PSUs): Performance-based; Board certified PSUs eligible to vest because 2025 total shareholder return exceeded peer-median. 25% of these PSUs vest on March 1, 2026, then continue vesting quarterly over the following 12 quarters, subject to continued service.
- F2 (RSUs): Time-based; vest in 20 equal quarterly installments beginning June 1, 2026, subject to continued service.
Context
PSUs are contingent on achieving performance goals (here, relative TSR vs. a peer group) and convert to ordinary shares only if performance and service conditions are met. RSUs are time-based awards that convert to shares as they vest over the stated schedule. These awards are standard forms of executive compensation and are not open-market purchases or sales, so they do not directly signal buying or selling by the insider.
Insider Transaction Report
- Award
Ordinary Shares
[F1]2026-02-10+18,632→ 147,706 total - Award
Ordinary Shares
[F2]2026-02-10+107,469→ 255,175 total
Footnotes (2)
- [F1]These securities are performance-based restricted share units (PSUs). Each PSU represents a contingent right to receive one ordinary share. On February 10, 2026, the Issuer's Board of Directors certified and approved that the PSUs became eligible to vest pursuant to the Reporting Person's continued service based on the Issuer's achievement of total shareholder return for 2025 greater than the median of the total shareholder return for the companies in the Issuer's 2025 compensation peer group. 25% of the PSUs will vest on March 1, 2026, after which the PSUs will continue to vest on a quarterly basis over the following 12 quarters, subject to the Reporting Person's continued service to the Issuer on each applicable vesting date.
- [F2]Represents restricted stock units (RSUs) convertible into ordinary shares which vest in 20 equal quarterly installments beginning June 1, 2026, provided the reporting person remains a Service Provider (as defined in the 2020 Share Incentive Plan) through the Grant Date and each applicable vesting date in order to receive and vest in the applicable RSUs.