Form 4: Varonis Systems Director Fred Van Den Bosch Acquires Restricted Stock Units
SEC Form 4 Filing
Director Fred Van Den Bosch of Varonis Systems Inc. reports acquisition of restricted stock units.
Summary
- On May 8, 2024, Fred Van Den Bosch, a director of Varonis Systems Inc., acquired 4,163 restricted stock units.
- These restricted stock units will vest on May 31, 2025, at which point an equal number of common stock shares will be delivered.
- Following the transaction, Van Den Bosch beneficially owns 133,488 shares of Varonis Systems Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard disclosure of stock units being granted, which is neither particularly positive nor negative.
Positives
- The acquisition of restricted stock units by a director signals confidence in the company's future performance.
Future Outlook
The vesting of restricted stock units on May 31, 2025, will increase the number of common stock shares held by Fred Van Den Bosch.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder confidence, as it indicates a director's belief in the company's future.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of transaction: Fred Van Den Bosch acquired 4,163 restricted stock units. |
| 05/31/2025 | Vesting date for the restricted stock units, at which point they convert into common stock shares. |
| 05/10/2024 | Date of signature for the Form 4 filing. |
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