Form 4: Varonis Systems Director Thomas Mendoza Acquires Restricted Stock Units
SEC Form 4 Filing
Director Thomas Mendoza of Varonis Systems acquired 4,163 restricted stock units on May 8, 2024, which will vest on May 31, 2025.
Summary
- On May 8, 2024, Thomas F. Mendoza, a director of Varonis Systems Inc., acquired 4,163 restricted stock units.
- These restricted stock units were granted to Mr. Mendoza and will vest on May 31, 2025, at which point an equal number of shares of common stock will be deliverable to him.
- Following the reported transaction, Mr. Mendoza beneficially owns 61,023 shares of Varonis Systems Inc.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't convey any specific positive or negative sentiment about the company's performance or prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company's stock.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder confidence as it shows a director increasing their stake in the company.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of transaction: Thomas Mendoza acquired 4,163 restricted stock units. |
| 05/31/2025 | Vesting date for the restricted stock units, at which point they convert into common stock. |
| 05/10/2024 | Date of signature for the SEC filing. |
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