Yakov Faitelson - Nov 15, 2021 Form 4 Insider Report for VARONIS SYSTEMS INC (VRNS)

Role
CEO, President, Chairman, Director
Signature
/s/ Ofer Margalit as attorney-in-fact
Stock symbol
VRNS
Transactions as of
Nov 15, 2021
Transactions value $
$64,659
Form type
4
Date filed
11/17/2021, 06:01 PM
Previous filing
Sep 9, 2021
Next filing
Mar 11, 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 Options Exercise $64.7K +22.1K +4.03% $2.93* 569K Nov 15, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VRNS Stock Option (right to buy) Options Exercise $0 -22.1K -100% $0.00* 0 Nov 15, 2021 Common Stock 22.1K $2.93 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the options became exercisable one year from 2/27/2012, the date of grant. 36/48th of the total number of options became exercisable monthly thereafter on a pro rata basis over a period of three (3) years.