Dov Gottlieb - Feb 7, 2024 Form 4 Insider Report for VARONIS SYSTEMS INC (VRNS)

Signature
/s/ Dov Gottlieb
Stock symbol
VRNS
Transactions as of
Feb 7, 2024
Transactions value $
-$2,069,230
Form type
4
Date filed
2/9/2024, 08:32 PM
Previous filing
Jun 2, 2023
Next filing
Mar 4, 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 +31K +12.91% $0.00 271K Feb 7, 2024 Direct F1, F2
transaction VRNS Common Stock, par value $0.001 per share Sale -$2.07M -43.1K -15.92% $48.02 228K Feb 8, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units granted to the reporting person on February 7, 2024. 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 28, 2025.
F2 Includes 327 shares of common stock previously purchased by the reporting person under the Issuer's 2015 Employee Stock Purchase Plan.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.63 to 48.56, inclusive. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer, or a shareholder of the Issuer full information regarding the number of shares sold at each separate price.