Ofer Segev - Jul 6, 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
Jul 6, 2022
Transactions value $
-$47,216
Form type
4
Date filed
7/8/2022, 06:45 PM
Previous filing
May 6, 2022
Next filing
Oct 7, 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 -$45.4K -1.44K -1.88% $31.45 75.5K Jul 6, 2022 Direct F1, F2
transaction VRNS Common Stock, par value $0.001 per share Sale -$1.8K -56 -0.07% $32.18 75.4K Jul 6, 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 $31.17 - $32.07, 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 All Common Stock reported in this line was sold at the same price of $32.18.