Guy Melamed - 03 Feb 2025 Form 4 Insider Report for VARONIS SYSTEMS INC (VRNS)

Signature
/s/ Dov Gottlieb, as attorney-in-fact for Guy Melamed
Issuer symbol
VRNS
Transactions as of
03 Feb 2025
Net transactions value
$0
Form type
4
Filing time
05 Feb 2025, 19:33:50 UTC
Previous filing
15 Nov 2024
Next filing
07 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 +87,909 +17% $0.000000 592,507 03 Feb 2025 Direct F1
* 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 "2024 PSUs"), which were granted to the reporting person pursuant to the Issuer's 2023 Omnibus Equity Incentive Plan. The 2024 PSUs were earned subject to the satisfaction of certain performance goals for the 2024 fiscal year, the performance of which was certified by the Issuer's compensation committee on February 3, 2025. Such 2024 PSUs will vest, and an equal number of shares of common stock will be deliverable to the reporting person, in three equal annual installments upon the last calendar day of the month of February beginning on February 28, 2025, subject to the reporting person's continued employment through such date.