Form 4: Varonis Systems CFO Melamed Reports Stock Transaction

CFO and COO of Varonis Systems, Guy Melamed, reports disposition of shares to cover tax obligations and updates holdings.

Summary

• On February 29, 2024, Guy Melamed, CFO and COO of Varonis Systems, Inc., reported a transaction involving the company's common stock.
• 51,099 shares were disposed of to satisfy tax withholding requirements on the vesting of restricted stock units and performance vesting units at a price of $50.8 per share.
• Following the transaction, Melamed directly owns 595,598 shares of Varonis Systems, Inc.
• This includes 821 shares of Common Stock purchased under the Issuer's 2015 Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Form 4 filings are a routine part of the US financial market, providing transparency into the transactions of company insiders. This allows investors to monitor the actions of key personnel and their confidence in the company.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in insider ownership, but it is primarily related to tax obligations.

Key Dates