Thomas F. Mendoza - Jun 29, 2021 Form 4 Insider Report for VARONIS SYSTEMS INC (VRNS)

Role: Director
Signature: /s/ Ofer Margalit as attorney-in-fact
Stock symbol: VRNS
Transactions as of: Jun 29, 2021
Transactions value $: -$873,281
Form type: 4
Date filed: 7/1/2021, 08:31 PM
Previous filing: May 27, 2021
Next filing: Sep 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VRNS	Common Stock, par value $0.001 per share	Sale	-$873K	-14.5K	-20.5%	$60.17	56.3K	Jun 29, 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2	The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker-dealer. The reporting person reported on a single line all such transactions that occurred within a one dollar price range. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.00 - $60.58, inclusive. The reporting person hereby undertakes to provide upon request by the Securities Exchange Commission staff, the issuer, or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.

Content

The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker-dealer. The reporting person reported on a single line all such transactions that occurred within a one dollar price range. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.00 - $60.58, inclusive. The reporting person hereby undertakes to provide upon request by the Securities Exchange Commission staff, the issuer, or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.