David Bass - 07 Feb 2024 Form 4 Insider Report for VARONIS SYSTEMS INC (VRNS)

Signature
/s/ Dov Gottlieb, as attorney-in-fact
Issuer symbol
VRNS
Transactions as of
07 Feb 2024
Net transactions value
-$6,558,816
Form type
4
Filing time
12 Feb 2024, 06:02:20 UTC
Previous filing
05 Feb 2024
Next filing
05 Feb 2025

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 +74,478 +11% $0.000000 767,297 07 Feb 2024 Direct F1
transaction VRNS Common Stock, par value $0.001 per share Sale $396,045 -8,215 -1.1% $48.21 759,082 08 Feb 2024 Direct F2
transaction VRNS Common Stock, par value $0.001 per share Sale $1,500,535 -30,204 -4% $49.68 728,878 08 Feb 2024 Direct F3
transaction VRNS Common Stock, par value $0.001 per share Sale $3,740,175 -73,669 -10% $50.77 655,209 08 Feb 2024 Direct F4
transaction VRNS Common Stock, par value $0.001 per share Sale $216,723 -4,237 -0.65% $51.15 650,972 08 Feb 2024 Direct F5
transaction VRNS Common Stock, par value $0.001 per share Sale $668,861 -12,975 -2% $51.55 637,997 09 Feb 2024 Direct F6
transaction VRNS Common Stock, par value $0.001 per share Sale $36,477 -700 -0.11% $52.11 639,297 09 Feb 2024 Direct F7
* 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.00 to $48.95, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.06 to $50.06, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.07 to $51.07, 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.07 to $51.22, 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.99 to $51.99, 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.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.05 to $52.15, 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.