KEVIN E. COMOLLI - 18 Oct 2021 Form 4 Insider Report for VARONIS SYSTEMS INC (VRNS)

Role
Director
Signature
/s/ Ofer Margalit as attorney-in-fact
Issuer symbol
VRNS
Transactions as of
18 Oct 2021
Net transactions value
-$9,511,473
Form type
4
Filing time
19 Oct 2021, 19:00:57 UTC
Previous filing
27 May 2021
Next filing
06 May 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 $923,559 -14,662 -4.3% $62.99 325,913 18 Oct 2021 Held by Living Trusts F1, F2
transaction VRNS Common Stock, par value $0.001 per share Sale $2,375,309 -37,289 -11% $63.70 288,624 18 Oct 2021 Held by Living Trusts F1, F3
transaction VRNS Common Stock, par value $0.001 per share Sale $5,881,267 -92,867 -32% $63.33 195,757 19 Oct 2021 Held by Living Trusts F1, F4
transaction VRNS Common Stock, par value $0.001 per share Sale $331,337 -5,182 -2.6% $63.94 190,575 19 Oct 2021 Held by Living Trusts F1, F5
holding VRNS Common Stock, par value $0.001 per share 17,283 18 Oct 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a Rule 10b5-1 trading plan.
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 $62.43-63.42, 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.
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 $63.43-64.15, 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.
F4 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 $62.85-63.84, 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.
F5 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 $63.85-64.25, 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.