Form 4: Varonis Systems Director Iohan Gili Sells 19,500 Shares

Director Iohan Gili of Varonis Systems sold 19,500 shares of common stock at an average price of $50.54 on February 29, 2024.

Summary

• On February 29, 2024, Iohan Gili, a director of Varonis Systems Inc., sold 19,500 shares of the company's common stock.
• The sale was executed at a weighted average price of $50.54 per share.
• The prices for individual transactions ranged from $50.23 to $51.22.
• Following the transaction, Iohan Gili directly owns 19,263 shares of Varonis Systems Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company executives and directors. The sale could be for personal financial management reasons and doesn't necessarily reflect a negative outlook on the company.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price in the short term.

Key Dates