Valor Buyer LP - 26 Nov 2025 Form 4 Insider Report for VERINT SYSTEMS INC (VRNT)

Reporting relationship: 10%+ Owner
Issuer ticker: VRNT
Reported as of: 26 Nov 2025
Net transaction value: -$81,288,888,888,000
SEC form: 4
Accepted by SEC: 01 Dec 2025, 20:46:24 UTC
Source filing: View source filing
Reporting owner signature: See Exhibit 99.1

Key filing fact

Valor Buyer LP filed Form 4 for VERINT SYSTEMS INC (VRNT) on 01 Dec 2025.

Key facts

This page summarizes Valor Buyer LP's Form 4 filing for VERINT SYSTEMS INC (VRNT).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 01 Dec 2025, 20:46.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$81,288,888,888,000.

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 disclosures.

View source filing

Reporting Owners (6)

CIK 0001811965 Primary reporting owner

Valor Buyer LP

Relationship: 10%+ Owner
Address: C/O APAX PARTNERS US, LLC, 601 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK
Signature: See Exhibit 99.1
Signature date: 01 Dec 2025

CIK 0001853392

Valor Topco Ltd

Relationship: 10%+ Owner
Address: P.O. BOX 656, EAST WING,, TRAFALGAR COURT, LES BANQUES, ST. PETER PORT, GUERNSEY
Signature: See Exhibit 99.1
Signature date: 01 Dec 2025

CIK 0001817053

Apax X GP Co. Ltd

Relationship: 10%+ Owner
Address: THIRD FLOOR, ROYAL BANK PLACE,, 1 GLATEGNY ESPLANADE, ST. PETER PORT, GUERNSEY
Signature: See Exhibit 99.1
Signature date: 01 Dec 2025

CIK 0001469807

Apax Guernsey (Holdco) PCC Ltd

Relationship: 10%+ Owner
Address: THIRD FLOOR, ROYAL BANK PLACE,, 1 GLATEGNY ESPLANADE, ST. PETER PORT, GUERNSEY
Signature: See Exhibit 99.1
Signature date: 01 Dec 2025

CIK 0001853391

Apax X GP S.a r.l.

Relationship: 10%+ Owner
Address: 1-3 BOULEVARD DE LA FOIRE, LUXEMBOURG
Signature: See Exhibit 99.1
Signature date: 01 Dec 2025

CIK 0001853395

Valor Buyer GP LLC

Relationship: 10%+ Owner
Address: C/O APAX PARTNERS US, LLC, 601 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK
Signature: See Exhibit 99.1
Signature date: 01 Dec 2025

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VRNT transaction Derivative

Series A Convertible Perpetual Preferred Stock

Sale

Transaction value: $40,644,444,444,000
Shares: -200,000
Change %: -100%
Price: $203222222.22^*
Shares after: 0
Date: 26 Nov 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,497,526
Exercise price
Footnotes: F1, F2, F3

VRNT transaction Derivative

Series B Convertible Perpetual Preferred Stock

Sale

Transaction value: $40,644,444,444,000
Shares: -200,000
Change %: -100%
Price: $203222222.22^*
Shares after: 0
Date: 26 Nov 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,980,100
Exercise price
Footnotes: F2, F3, F4

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 4 footnotes

Footnote F1

The Series A Convertible Perpetual Preferred Stock (the "Series A Preferred Stock") is convertible at the option of a holder at any time into shares of common stock ("Common Stock") at an initial conversion price of $36.38 per share. The Series A Preferred Stock has no expiration date.

Footnote F2

In connection with the acquisition of the Issuer by Calabrio, Inc., pursuant to the August 24, 2025, Agreement and Plan of Merger by and among the parties thereto, the reported shares of Series A Preferred Stock were disposed of for $203,222,222.22 and the reported shares of Series B Convertible Perpetual Preferred Stock (the "Series B Preferred Stock") were disposed of for $203,222,222.22.

Footnote F3

Valor Buyer GP LLC ("Valor GP") is the general partner of Valor Buyer LP and 100% of the equity interests in Valor GP is held by Valor Topco Limited ("Valor Limited"). Apax X GP Co. Limited ("Apax Limited"), in its capacity as investment manager of the Apax X fund (other than Apax X EUR SCSp), holds 99.34% of the shares of Valor Limited. Apax X GP S.a r.l. ("Apax X"), in its capacity as managing general partner of Apax X EUR SCSp, holds 0.66% of the shares of Valor Limited. Apax Guernsey (Holdco) PCC Limited Apax X Cell ("Apax PCC") is the sole parent of Apax Limited and Apax X. As a result, Valor GP, Valor Limited, Apax Limited, Apax X and Apax PCC may be deemed to beneficially own, and have shared voting and dispositive power with respect to the reported securities. Valor GP, Valor Limited, Apax Limited, Apax X and Apax PCC disclaim beneficial ownership of the reported securities, except to the extent of their pecuniary interest therein.

Footnote F4

The Series B Preferred Stock is convertible at the option of a holder at any time into shares of the Common Stock at an initial conversion price of $50.25 per share. The Series B Preferred Stock has no expiration date.