John J. Gavin Jr - Nov 3, 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: Nov 3, 2022
Transactions value $: $411,840
Form type: 4
Date filed: 11/7/2022, 06:02 PM
Previous filing: May 6, 2022
Next filing: May 5, 2023
SEC: View on sec.gov

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	$412K	+99K	+64.68%	$4.16^*	252K	Nov 3, 2022	Direct

Showing 1 to 1 of 1 entries

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	-99K	-100%	$0.00^*	0	Nov 3, 2022	Common Stock	99K	$4.16	Direct	F1

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

Explanation of Responses:

Id	Content
F1	One thirty-sixth (1/36th) of the options became exercisable one month after January 21, 2013 (the vesting commencement date). 35/36 of the total number of options became exercisable monthly thereafter on a pro rata basis over a period of 35 months.