Form 4: Varonis CFO Guy Melamed Reports Tax Withholding and Stock Ownership Changes

CFO Guy Melamed reports changes in beneficial ownership of Varonis Systems Inc. stock due to tax withholding and updated tax treatment.

Summary

• Guy Melamed, CFO and COO of Varonis Systems Inc., filed a Form 4 on March 28, 2025, reporting changes in beneficial ownership of the company's stock.
• On March 27, 2025, 135,196 shares were withheld by Varonis to satisfy tax withholding requirements on the vesting of restricted stock units and performance vesting units at a price of $42.97.
• Following the transaction, Melamed directly owns 522,491 shares of Varonis common stock.
• This includes 411 shares purchased under the Issuer's 2015 Employee Stock Purchase Plan and an additional withholding of 6,198 shares of Common Stock by Varonis to satisfy tax withholding requirements due to updated tax treatment, which was not previously reported.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions related to tax obligations, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates stock transactions related to compensation and tax obligations, which are common occurrences.

Stakeholder Impact

• Shareholders are informed about insider transactions, promoting transparency.
• Employees participating in the stock purchase plan are affected by the share price and plan terms.

Key Dates

Keywords

Form 4, Beneficial Ownership, Varonis Systems Inc, VRNS, Guy Melamed, CFO, Stock Withholding, Tax Withholding, Employee Stock Purchase Plan