Ohad Korkus - 08 May 2024 Form 4 Insider Report for VARONIS SYSTEMS INC (VRNS)

Role: Director
Signature: /s/ Dov Gottlieb as attorney-in-fact
Issuer symbol: VRNS
Transactions as of: 08 May 2024
Net transactions value: +$19,677
Form type: 4
Filing time: 10 May 2024, 18:52:01 UTC
Previous filing: 05 May 2023
Next filing: 09 May 2025
SEC: View on sec.gov

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	+4,163	+3.7%	$0.000000	115,745	08 May 2024	Direct	F1
transaction	VRNS	Common Stock, par value $0.001 per share	Options Exercise	$19,677	+2,811	+2.4%	$7.00	118,556	10 May 2024	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VRNS	Stock Option (right to buy)	Options Exercise	$0	-2,811	-100%	$0.000000^*	0	10 May 2024	Common Stock	2,811	$7.00	Direct	F2, 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 May 8, 2024. Such restricted stock units will vest, and an equal number of shares of common stock will be deliverable to the reporting person, on May 31, 2025.
F2	The reporting person acquired these shares by the exercise of incentive stock options, which have an upcoming expiration date in August 2024. These shares have not been sold by the reporting person.
F3	The stock options vested and became exercisable over a vesting schedule reported on the reporting person's prior Form 4s, becoming fully exercisable on August 7, 2018.