James O'Boyle - Dec 18, 2023 Form 4 Insider Report for VARONIS SYSTEMS INC (VRNS)

Signature
/s/ Ofer Margalit, as attorney-in-fact
Stock symbol
VRNS
Transactions as of
Dec 18, 2023
Transactions value $
-$1,918,772
Form type
4
Date filed
12/20/2023, 07:30 PM
Previous filing
Nov 17, 2023
Next filing
Dec 26, 2023

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 -$186K -4.1K -0.88% $45.50 460K Dec 18, 2023 Direct F1, F2
transaction VRNS Common Stock, par value $0.001 per share Sale -$981K -21.5K -4.68% $45.54 439K Dec 19, 2023 Direct F1, F3
transaction VRNS Common Stock, par value $0.001 per share Sale -$751K -16.5K -3.76% $45.53 422K Dec 20, 2023 Direct F1, F4
holding VRNS Common Stock, par value $0.001 per share 30K Dec 18, 2023 Held by James O'Boyle 2014 Family Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a Rule 10b5-1 trading plan.
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 $45.50-45.51, 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 $45.50-45.63, 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.
F4 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 $45.50-45.66, 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.