Ofer Segev - Apr 7, 2022 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
Apr 7, 2022
Transactions value $
-$68,075
Form type
4
Date filed
4/8/2022, 05:20 PM
Previous filing
Oct 7, 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 -$58.3K -1.29K -1.76% $45.25 72K Apr 7, 2022 Direct F1, F2
transaction VRNS Common Stock, par value $0.001 per share Sale -$9.75K -211 -0.29% $46.20 71.8K Apr 7, 2022 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 $44.87 - $45.77, 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 $46.18 - $46.42, 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.