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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1361113	Varonis Systems Inc	VRNS	Services-Prepackaged Software (7372)	571222280

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1601074	Yakov Faitelson	C/O Varonis Systems, Inc. 1250 Broadway, 28Th Floor New York NY 10001	Ceo, President, Chairman	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $0.001 Per Share	Acquisiton	2024-05-09	71,415	$7.00	1,436,005	No	4	M	Direct
Common Stock, Par Value $0.001 Per Share	Acquisiton	2024-05-09	4,374	$9.96	1,440,379	No	4	M	Direct
Common Stock, Par Value $0.001 Per Share	Acquisiton	2024-05-09	12,543	$5.62	1,452,922	No	4	M	Direct
Common Stock, Par Value $0.001 Per Share	Acquisiton	2024-05-09	183,585	$7.00	1,636,507	No	4	M	Direct
Common Stock, Par Value $0.001 Per Share	Acquisiton	2024-05-09	100,626	$9.96	1,737,133	No	4	M	Direct
Common Stock, Par Value $0.001 Per Share	Disposition	2024-05-09	284,211	$45.23	1,452,922	No	4	S	Direct
Common Stock, Par Value $0.001 Per Share	Acquisiton	2024-05-10	47,457	$5.62	1,500,379	No	4	M	Direct
Common Stock, Par Value $0.001 Per Share	Disposition	2024-05-10	47,457	$44.53	1,452,922	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Disposition	2024-05-09	71,415	$0.00	71,415	$7.00
Common Stock	Stock Option (right to buy)	Disposition	2024-05-09	4,374	$0.00	4,374	$9.96
Common Stock	Stock Option (right to buy)	Disposition	2024-05-09	12,543	$0.00	12,543	$5.62
Common Stock	Stock Option (right to buy)	Disposition	2024-05-09	183,585	$0.00	183,585	$7.00
Common Stock	Stock Option (right to buy)	Disposition	2024-05-09	100,626	$0.00	100,626	$9.96
Common Stock	Stock Option (right to buy)	Disposition	2024-05-10	47,457	$0.00	47,457	$5.62

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
183,585	2024-08-04	No	4	M	Direct
100,626	2025-02-17	No	4	M	Direct
47,457	2026-02-14	No	4	M	Direct
0	2024-08-04	No	4	M	Direct
0	2025-02-17	No	4	M	Direct
0	2026-02-14	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.001 Per Share	4,941	Indirect	By Spouse
Common Stock, Par Value $0.001 Per Share	253,384	Indirect	By Trust

Footnotes

The reporting person acquired these shares by the exercise of incentive stock options, certain of which have upcoming expiration dates in August 2024 and February 2025. These shares have not been sold by the reporting person.
The reporting person acquired these shares by the exercise of non-qualifying stock options, certain of which have upcoming expiration dates in August 2024 and February 2025. The reporting person then sold such shares in multiple transactions on May 9, 2024 and May 10, 2024, at prices ranging from $44.75 to $45.62 on May 9, 2024 and $44.28 to $45.18 on May 10, 2024 (with the prices reported for such sales in Column 4 representing a weighted average price).
The stock options vested and became exercisable over various vesting schedules reported on the reporting person's prior Form 4s, becoming fully exercisable on the following dates: with respect to the stock options with a $7.00 exercise price, August 7, 2018; with respect to the stock options with a $9.96 exercise price, March 20, 2020; and with respect to the stock options with a $5.6233 exercise price, March 17, 2021.