Faitelson Yakov's Form 4 filing
Varonis Systems Inc (VRNS) · filed May 10, 2024
- Accession no.
- 0001213900-24-041857
- Filed
- May 10, 2024
- Trade date
- May 9-10, 2024
- Filing delay
- 1 day
- Rule 10b5-1 plan
- Not checked
This filing lists 8 non-derivative transactions and 6 derivative transactions. Open-market sales total $15.0M. It was filed 1 day after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Faitelson YakovCIK 0001601074 | Director, Officer (CEO, President, Chairman) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 9, 2024 | Common Stock, par value $0.001 per share | MOption exerciseAcquired | +71,415 | $7.00 | +$499,905 | 1,436,005 | Direct | |
| May 9, 2024 | Common Stock, par value $0.001 per share | MOption exerciseAcquired | +4,374 | $9.96 | +$43,565.04 | 1,440,379 | Direct | |
| May 9, 2024 | Common Stock, par value $0.001 per share | MOption exerciseAcquired | +12,543 | $5.62 | +$70,491.66 | 1,452,922 | Direct | |
| May 9, 2024 | Common Stock, par value $0.001 per share | MOption exerciseAcquired | +183,585 | $7.00 | +$1,285,095 | 1,636,507 | Direct | |
| May 9, 2024 | Common Stock, par value $0.001 per share | MOption exerciseAcquired | +100,626 | $9.96 | +$1,002,234.96 | 1,737,133 | Direct | |
| May 9, 2024 | Common Stock, par value $0.001 per share | SSaleDisposed | −284,211 | $45.23F2 | −$12,854,863.53 | 1,452,922 | Direct | |
| May 10, 2024 | Common Stock, par value $0.001 per share | MOption exerciseAcquired | +47,457 | $5.62 | +$266,708.34 | 1,500,379 | Direct | |
| May 10, 2024 | Common Stock, par value $0.001 per share | SSaleDisposed | −47,457 | $44.53F2 | −$2,113,260.21 | 1,452,922 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 9, 2024 | Common Stock | MOption exerciseDisposed | −71,415 | $0.00 | $0 | 183,585 | Direct | |
| May 9, 2024 | Common Stock | MOption exerciseDisposed | −4,374 | $0.00 | $0 | 100,626 | Direct | |
| May 9, 2024 | Common Stock | MOption exerciseDisposed | −12,543 | $0.00 | $0 | 47,457 | Direct | |
| May 9, 2024 | Common Stock | MOption exerciseDisposed | −183,585 | $0.00 | $0 | 0 | Direct | |
| May 9, 2024 | Common Stock | MOption exerciseDisposed | −100,626 | $0.00 | $0 | 0 | Direct | |
| May 10, 2024 | Common Stock | MOption exerciseDisposed | −47,457 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
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).
Referenced by the price of 2 transactions in Table I.
Remarks
The reporting person undertakes to provide to Varonis Systems, Inc., any security holder of Varonis Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2.