Yakov Faitelson - Feb 1, 2024 Form 4 Insider Report for VARONIS SYSTEMS INC (VRNS)

Signature
/s/ Dov Gottlieb, as attorney-in-fact
Stock symbol
VRNS
Transactions as of
Feb 1, 2024
Transactions value $
$0
Form type
4
Date filed
2/5/2024, 09:31 PM
Previous filing
May 8, 2023
Next filing
Feb 9, 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 Award $0 +683K +97.1% $0.00 1.39M Feb 1, 2024 Direct F1, F2
holding VRNS Common Stock, par value $0.001 per share 4.94K Feb 1, 2024 By Spouse
holding VRNS Common Stock, par value $0.001 per share 253K Feb 1, 2024 By Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares earned by the reporting person for no consideration under certain performance-vesting restricted stock units (the "2023 PSUs"), which were granted to the reporting person pursuant to the Issuer's 2013 Omnibus Equity Incentive Plan. The 2023 PSUs were earned subject to the satisfaction of certain performance goals for the 2023 fiscal year, the performance of which was certified by the Issuer's compensation committee on February 1, 2024. The 2023 PSUs will vest on February 28, 2026, subject to the reporting person's continued employment through such date.
F2 Includes 194 shares of Common Stock purchased under the Issuer's 2015 Employee Stock Purchase Plan.