Form 4: Varonis Systems CEO Yakov Faitelson Reports Stock Transaction

CEO Yakov Faitelson reports the withholding of shares to cover tax obligations and an increase in holdings through the employee stock purchase plan.

Summary

• On March 4, 2025, Yakov Faitelson, CEO, President, and Chairman of Varonis Systems Inc., reported a transaction involving the company's common stock.
• 81,986 shares were withheld by Varonis to cover tax obligations related to the vesting of restricted stock units and performance vesting units at a price of $42.97 per share.
• Faitelson's direct holdings after the transaction amount to 1,734,966 shares.
• He also indirectly owns 253,384 shares through a trust and 4,941 shares through his spouse.
• The report also indicates that 229 shares of common stock were purchased under the Issuer's 2015 Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The CEO is increasing their holdings through the employee stock purchase plan which is a positive sign.

Positives

• The CEO's participation in the Employee Stock Purchase Plan could be seen as a positive signal.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects insider activity.

Key Dates