Form 4: Varonis Systems Director John J. Gavin Jr. Acquires 4,163 Restricted Stock Units
SEC Form 4 Filing
Director John J. Gavin Jr. of Varonis Systems Inc. reports the acquisition of 4,163 restricted stock units on May 8, 2024, which will vest on May 31, 2025.
Summary
- On May 8, 2024, John J. Gavin Jr., 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 Gavin will receive an equal number of common stock shares.
- Following this transaction, Gavin directly owns 264,488 shares of Varonis Systems Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it's a standard disclosure of stock units being granted. It doesn't inherently indicate positive or negative sentiment, but rather provides information about insider transactions.
Positives
- The acquisition of restricted stock units by a director signals confidence in the company's future performance.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting date of the restricted stock units.
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, which can be informative for investors.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of transaction: John J. Gavin Jr. acquired 4,163 restricted stock units. |
| 05/31/2025 | Vesting date for the restricted stock units, converting into common stock shares. |
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