Ohad Korkus - May 8, 2024 Form 4 Insider Report for VARONIS SYSTEMS INC (VRNS)

Role
Director
Signature
/s/ Dov Gottlieb as attorney-in-fact
Stock symbol
VRNS
Transactions as of
May 8, 2024
Transactions value $
$19,677
Form type
4
Date filed
5/10/2024, 06:52 PM
Previous filing
May 5, 2023

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 +4.16K +3.73% $0.00 116K May 8, 2024 Direct F1
transaction VRNS Common Stock, par value $0.001 per share Options Exercise $19.7K +2.81K +2.43% $7.00 119K May 10, 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 -2.81K -100% $0.00* 0 May 10, 2024 Common Stock 2.81K $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.