Gilad Raz - Dec 1, 2021 Form 4 Insider Report for VARONIS SYSTEMS INC (VRNS)

Role: CIO & VP of Technical Services
Signature: /s/ Ofer Margalit as attorney-in-fact
Stock symbol: VRNS
Transactions as of: Dec 1, 2021
Transactions value $: -$99,555
Form type: 4
Date filed: 12/3/2021, 06:01 PM
Previous filing: Sep 17, 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	Sale	-$99.6K	-1.91K	-0.99%	$52.26	191K	Dec 1, 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents shares of Common Stock sold by the Company's plan administrator on the reporting person's behalf to cover taxes due upon vesting of certain shares under the Varonis Systems, Inc. 2013 Omnibus Equity Incentive 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 $52.20-52.32, 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

Represents shares of Common Stock sold by the Company's plan administrator on the reporting person's behalf to cover taxes due upon vesting of certain shares under the Varonis Systems, Inc. 2013 Omnibus Equity Incentive Plan.

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 $52.20-52.32, 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.