JOHN J. GAVIN JR - 03 Nov 2022 Form 4 Insider Report for VARONIS SYSTEMS INC (VRNS)

Role
Director
Signature
/s/ Ofer Margalit as attorney-in-fact
Issuer symbol
VRNS
Transactions as of
03 Nov 2022
Transactions value $
$411,840
Form type
4
Filing time
07 Nov 2022, 18:02:19 UTC
Previous filing
06 May 2022
Next filing
05 May 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 03 Nov 2022 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 -99K -100% $0.00* 0 03 Nov 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.