Thomas F. Mendoza - Sep 7, 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: Sep 7, 2021
Transactions value $: -$789,160
Form type: 4
Date filed: 9/9/2021, 07:01 PM
Previous filing: Jul 1, 2021
Next filing: May 6, 2022

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	-$789K	-10.8K	-19.2%	$73.01	45.5K	Sep 7, 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 $72.56 - $73.42, 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 $72.56 - $73.42, 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.