Ofer Segev - Oct 5, 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
Oct 5, 2021
Transactions value $
-$92,141
Form type
4
Date filed
10/7/2021, 07:02 PM
Previous filing
Jul 8, 2021
Next filing
Apr 8, 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 -$79.8K -1.3K -1.74% $61.35 73.5K Oct 5, 2021 Direct F1, F2
transaction VRNS Common Stock, par value $0.001 per share Sale -$12.4K -200 -0.27% $61.93 73.3K Oct 5, 2021 Direct F1, F3
* 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 $60.89 - $61.74, 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.
F3 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 $61.90 - $61.96, 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.