David Bass - Feb 7, 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 7, 2024
Transactions value $
-$6,558,816
Form type
4
Date filed
2/12/2024, 06:02 AM
Previous 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 Award $0 +74.5K +10.75% $0.00 767K Feb 7, 2024 Direct F1
transaction VRNS Common Stock, par value $0.001 per share Sale -$396K -8.22K -1.07% $48.21 759K Feb 8, 2024 Direct F2
transaction VRNS Common Stock, par value $0.001 per share Sale -$1.5M -30.2K -3.98% $49.68 729K Feb 8, 2024 Direct F3
transaction VRNS Common Stock, par value $0.001 per share Sale -$3.74M -73.7K -10.11% $50.77 655K Feb 8, 2024 Direct F4
transaction VRNS Common Stock, par value $0.001 per share Sale -$217K -4.24K -0.65% $51.15 651K Feb 8, 2024 Direct F5
transaction VRNS Common Stock, par value $0.001 per share Sale -$669K -13K -1.99% $51.55 638K Feb 9, 2024 Direct F6
transaction VRNS Common Stock, par value $0.001 per share Sale -$36.5K -700 -0.11% $52.11 639K Feb 9, 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.