Guy Melamed - Feb 28, 2023 Form 4 Insider Report for VARONIS SYSTEMS INC (VRNS)

Role
CFO and COO
Signature
/s/ Ofer Margalit, as attorney-in-fact
Stock symbol
VRNS
Transactions as of
Feb 28, 2023
Transactions value $
-$2,147,796
Form type
4
Date filed
3/2/2023, 06:41 PM
Previous filing
Feb 6, 2023
Next filing
Feb 5, 2024

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 Tax liability -$2.15M -79.3K -15.45% $27.08 434K Feb 28, 2023 Direct F1, F2
transaction VRNS Common Stock, par value $0.001 per share Award $0 +85.4K +19.67% $0.00 520K Mar 2, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Varonis to satisfy tax withholding requirements on vesting of restricted stock units and performance vesting units. No shares were sold.
F2 Includes 909 shares of Common Stock purchased under the Issuer's 2015 Employee Stock Purchase Plan.
F3 Represents restricted stock units granted to the reporting person on March 2, 2023. Such restricted stock units will vest, and an equal number of shares of common stock will be deliverable to the reporting person, in four equal (annual) installments upon the last calendar day of the month of February beginning on February 29, 2024.