<SEC-DOCUMENT>0000899140-23-000673.txt : 20230519
<SEC-HEADER>0000899140-23-000673.hdr.sgml : 20230519
<ACCEPTANCE-DATETIME>20230519212810
ACCESSION NUMBER:		0000899140-23-000673
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20221129
FILED AS OF DATE:		20230519
DATE AS OF CHANGE:		20230519

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HORING JEFF
		CENTRAL INDEX KEY:			0001119324
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39492
		FILM NUMBER:		23942245

	MAIL ADDRESS:	
		STREET 1:		INSIGHT PARTNERS
		STREET 2:		680 5TH AVENUE 8TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JFrog Ltd
		CENTRAL INDEX KEY:			0001800667
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		270 E CARIBBEAN DRIVE
		CITY:			SUNNYVALE
		STATE:			CA
		ZIP:			94089
		BUSINESS PHONE:		(408) 329-1540

	MAIL ADDRESS:	
		STREET 1:		270 E CARIBBEAN DRIVE
		CITY:			SUNNYVALE
		STATE:			CA
		ZIP:			94089
</SEC-HEADER>
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        <issuerName>JFrog Ltd</issuerName>
        <issuerTradingSymbol>FROG</issuerTradingSymbol>
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    <footnotes>
        <footnote id="F1">See Exhibit 99.1</footnote>
        <footnote id="F2">See Exhibit 99.1</footnote>
        <footnote id="F3">See Exhibit 99.1</footnote>
        <footnote id="F4">See Exhibit 99.1</footnote>
        <footnote id="F5">See Exhibit 99.1</footnote>
        <footnote id="F6">See Exhibit 99.1</footnote>
        <footnote id="F7">See Exhibit 99.1</footnote>
        <footnote id="F8">See Exhibit 99.1</footnote>
        <footnote id="F9">See Exhibit 99.1</footnote>
    </footnotes>

    <remarks>Exhibit List
Exhibit 99.1 - Explanation of Responses</remarks>

    <ownerSignature>
        <signatureName>/s/  Jeffrey Horing</signatureName>
        <signatureDate>2023-05-19</signatureDate>
    </ownerSignature>
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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>h63977155.htm
<DESCRIPTION>EXPLANATION OF RESPONSES
<TEXT>
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  <div style="text-align: center; margin-bottom: 12pt; font-weight: bold;">EXHIBIT 99.1<br>
    <br>
    EXPLANATION OF RESPONSES</div>
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            <div style="text-align: left; margin-left: 18pt; margin-top: 6pt;">(1)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-top: 6pt;">On November 29, 2022, affiliates of Gemini Capital Associates V, L.P. (&#8220;Gemini&#8221;) distributed an aggregate of&#160; 105,813 Ordinary Shares, par value NIS 0.01 per share, of the Issuer (&#8220;Ordinary
              Shares&#8221;) to the Insight XI Funds (as defined below) on a pro rata basis in accordance with their respective capital contributions to Gemini (the &#8220;First Gemini Distribution&#8221;). In connection with the First Gemini Distribution, Insight Partners
              XI, L.P. (&#8220;IP XI&#8221;) acquired direct ownership of 44,865 Ordinary Shares, Insight Partners (Cayman) XI, L.P. (&#8220;IP Cayman&#8221;) acquired direct ownership of 47,064 Ordinary Shares, Insight Partners (Delaware) XI, L.P. (&#8220;IP Delaware&#8221;) acquired direct
              ownership of&#160; 6,277 Ordinary Shares, Insight Partners XI (Co-Investors), L.P. (&#8220;IP Coinvest&#8221;) acquired direct ownership of 747 Ordinary Shares, Insight Partners XI (Co-Investors) (B), L.P. (&#8220;IP Coinvest B&#8221;) acquired direct ownership of&#160; 1,032
              Ordinary Shares, and Insight Partners (EU) XI, S.C.Sp. (&#8220;IP EU&#8221;, and together with IP XI, IP Cayman, IP Delaware, IP Coinvest and IP Coinvest B, collectively, the &#8220;Insight XI Funds&#8221;) acquired direct ownership of 5,828 Ordinary Shares. The
              Insight XI Funds did not furnish any consideration in exchange for shares received in connection with the First Gemini Distribution.</div>
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            <div style="text-align: left; margin-left: 18pt; margin-top: 6pt;">(2)</div>
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          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-top: 6pt;">On February 15, 2023, affiliates of Gemini distributed an aggregate of 168,242 Ordinary Shares to the Insight XI Funds on a pro rata basis in accordance with their respective capital
              contributions to Gemini (the &#8220;Second Gemini Distribution&#8221;). In connection with the Second Gemini Distribution, IP XI acquired direct ownership of 71,335 Ordinary Shares, IP Cayman acquired direct ownership of 74,830 Ordinary Shares, IP
              Delaware acquired direct ownership of 9,981 Ordinary Shares, IP Coinvest acquired direct ownership of 1,188 Ordinary Shares, IP Coinvest B acquired direct ownership of 1,641 Ordinary Shares, and IP EU acquired direct ownership of 9,267
              Ordinary Shares. The Insight XI Funds did not furnish any consideration in exchange for shares received in connection with the Second Gemini Distribution.</div>
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  <div>
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            <div style="text-align: left; margin-left: 18pt; margin-top: 6pt;">(3)</div>
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          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-top: 6pt;">On May 11, 2023, affiliates of Gemini distributed an aggregate of 168,242 Ordinary Shares to the Insight XI Funds on a pro rata basis in accordance with their respective capital contributions
              to Gemini (the &#8220;Third Gemini Distribution&#8221;). In connection with the Third Gemini Distribution, IP XI acquired direct ownership of 71,335 Ordinary Shares, IP Cayman acquired direct ownership of 74,830 Ordinary Shares, IP Delaware acquired
              direct ownership of&#160; 9,981 Ordinary Shares, IP Coinvest acquired direct ownership of 1,188 Ordinary Shares, IP Coinvest B acquired direct ownership of&#160; 1,641 Ordinary Shares, and IP EU acquired direct ownership of 9,267 Ordinary Shares. The
              Insight XI Funds did not furnish any consideration in exchange for shares received in connection with the Third Gemini Distribution.</div>
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  <div>
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            <div style="text-align: left; margin-left: 18pt; margin-top: 6pt;">(4)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-top: 6pt;">The reporting person is a member of the board of managers of Insight Holdings Group, LLC (&#8220;Holdings&#8221;). Holdings is the sole shareholder of Insight Associates XI, Ltd. ("IA XI Ltd"), which in
              turn is the general partner of Insight Associates XI, L.P. ("IA XI"), which in turn is the general partner of IP XI, IP Cayman, IP Delaware, IP Coinvest and IP Coinvest B. Holdings is also the sole shareholder of Insight Associates (EU) XI,
              SARL (&#8220;IA EU&#8221;), which in turn is the general partner of Insight Partners (EU) XI, S.C.Sp. IP EU. Holdings is also the sole shareholder of Insight Venture Associates X, Ltd. ("IVA X Ltd"), which in turn is the general partner of Insight
              Venture Associates X, L.P. (&#8220;IVA X&#8221;), which in turn is the general partner of each of Insight Venture Partners X, L.P., Insight Venture Partners (Cayman) X, L.P., Insight Venture Partners (Delaware) X, L.P. and Insight Venture Partners X
              (Co-Investors), L.P. (collectively, the &#8220;Insight X Funds&#8221;). In addition, Holdings is the sole shareholder of IVA X Ltd, which is the manager of IVP GP (Venice), LLC (&#8220;Venice GP&#8221;), which in turn is the general partner of IVP (Venice), L.P.
              (&#8220;IVP Venice&#8221;).</div>
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            <div style="text-align: left; margin-left: 18pt; margin-top: 6pt;">(5)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-top: 6pt;">All Ordinary Shares indicated as indirectly owned by the reporting person are included herein because the reporting person is a member of the board of managers of Holdings, Holdings is the sole
              shareholder of IA XI Ltd, IA XI Ltd is the general partner of IA XI, and in turn, IA XI is the general partner of IP XI, IP Cayman, IP Delaware, IP Coinvest and IP Coinvest B, and the reporting person therefore may be deemed to share voting
              and dispositive power over such Ordinary Shares. Holdings is also the sole shareholder of IA EU, and in turn, IA EU is the general partner of IP EU, and the reporting person therefore may be deemed to share voting and dispositive power over
              such Ordinary Shares. Further, Holdings is the sole shareholder of IVA X Ltd, IVA X Ltd is the general partner of IVA X, and in turn, IVA X is the general partner of Insight X Funds, and the reporting person therefore may be deemed to share
              voting and dispositive power over such Ordinary Shares. In addition, Holdings is the sole shareholder of IVA X Ltd, which is the manager of Venice GP, which in turn is the general partner of IVP Venice. The reporting person disclaims
              beneficial ownership of all Ordinary Shares of the issuer held of record by the Insight XI Funds, the Insight X Funds, IVA X and IVP Venice (collectively, the &#8220;Insight Funds&#8221;), except to the extent of his pecuniary interest therein.</div>
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            <div style="text-align: left; margin-left: 18pt; margin-top: 6pt;">(6)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-top: 6pt;">The price reported in Column 4 is a weighted average price. These Ordinary Shares were sold in multiple transactions by certain of the Insight Funds at prices ranging from $22.1300 to $22.5325,
              inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Ordinary Shares sold at
              each separate price within the range set forth in footnotes (6) and (7).</div>
          </td>
        </tr>

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  <div>
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            <div style="text-align: left; margin-left: 18pt; margin-top: 6pt;">(7)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-top: 6pt;">The price reported in Column 4 is a weighted average price. These Ordinary Shares were sold in multiple transactions by certain of the Insight Funds at prices ranging from $22.0000 to $22.8700,
              inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Ordinary Shares sold at
              each separate price within the range set forth in footnotes (6) and (7).</div>
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            <div style="text-align: left; margin-left: 18pt; margin-top: 6pt;">(8)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-top: 6pt;">130,865 Ordinary Shares are owned by JPH Private Investments LLC. The reporting person controls JPH Private Investments LLC. By reason of the provisions of Rule 16a-1 under the Securities
              Exchange Act of 1934, as amended, the reporting person may be deemed to be the beneficial owner of the securities owned by JPH Private Investments LLC.</div>
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            <div style="text-align: left; margin-left: 18pt; margin-top: 6pt;">(9)</div>
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          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; margin-top: 6pt;">The Ordinary Shares are represented by 4,797 restricted stock units which vested in four equal quarterly installments beginning on August 14, 2021, 9,552 restricted stock units which vested in
              four equal quarterly installments beginning on August 17, 2022 and 7,826 restricted stock units which vest in four equal quarterly installments beginning on August 16, 2023.</div>
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