Gilad Raz - 03 Feb 2022 Form 4/A - Amendment Insider Report for VARONIS SYSTEMS INC (VRNS)

Reporting relationship: CIO & VP of Technical Services
Issuer ticker: VRNS
Reported as of: 03 Feb 2022
Net transaction value: $0
SEC form: 4/A - Amendment
Accepted by SEC: 11 Mar 2022, 18:46:16 UTC
Original report date: 07 Feb 2022
Prior SEC filing: 03 Dec 2021
Source filing: View source filing
Reporting owner signature: /s/ Dov Gottlieb, as attorney-in-fact

Key filing fact

Gilad Raz filed Form 4/A - Amendment for VARONIS SYSTEMS INC (VRNS) on 11 Mar 2022.

Key facts

This page summarizes Gilad Raz's Form 4/A - Amendment filing for VARONIS SYSTEMS INC (VRNS).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 11 Mar 2022, 18:46.

Change

Previous filing in this sequence was filed on 03 Dec 2021.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4/A - Amendment disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VRNS transaction

Common Stock, par value $0.001 per share

Award

Transaction value: $0
Shares: +57,897
Change %: +30%
Price: $0.000000
Shares after: 248,656
Date: 03 Feb 2022
Ownership: Direct
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Gilad Raz is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 1 footnote

Footnote F1

Represents shares earned by the reporting person for no consideration under certain performance-vesting restricted stock units (the "2021 PSUs"), which were granted to the reporting person pursuant to the Issuer's 2013 Omnibus Equity Incentive Plan. The 2021 PSUs were earned subject to the satisfaction of certain annual recurring revenues goals for the 2021 fiscal year, the performance of which was certified by the Issuer's compensation committee on February 3, 2022. Such PSUs vested or will vest, and an equal number of shares of common stock became or 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, 2022, subject to the reporting person's continued employment through such date.

SEC remarks

On February 3, 2022, in connection with a change in the reporting structure of the Issuer, the reporting person ceased to be an executive officer of the Issuer. The reporting person remains employed by the Issuer and holds the same title as he held previously. The original Form 4, filed on February 7, 2022, is being amended to correct the number of shares underlying the 2021 PSUs earned by the reporting person on February 3, 2022, which was incorrectly reported due to clerical error. No changes have been made to the 2021 PSUs or the calculation of their payout. This amendment also reflects the correct number of shares beneficially owned immediately following the reported transactions on February 7, 2022.