Form 4: Varonis Systems Vice Chairman James O'Boyle Donates 2,000 Shares for Charitable Purposes

Varonis Systems' Vice Chairman of Sales, James O'Boyle, donated 2,000 shares of common stock to a Donor Advisor Fund on November 14, 2024.

Summary

• James O'Boyle, Vice Chairman of Sales at Varonis Systems, Inc., donated 2,000 shares of the company's common stock on November 14, 2024.
• The shares were donated to a Donor Advisor Fund, which will use them for charitable purposes.
• Following the transaction, Mr. O'Boyle directly owns 442,114 shares of Varonis Systems common stock.
• He also indirectly owns 30,000 shares held by the James O'Boyle 2014 Family Trust.

Sentiment

Score: 7

Explanation: The document reflects a neutral transaction, a charitable donation of shares by an executive. It is neither positive nor negative for the company's performance.

Industry Context

This is a standard Form 4 filing, which is common for corporate insiders who make transactions involving their company's stock. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• Many executives at publicly traded companies donate shares to charities, and this transaction is not unusual.
• The size of the donation is not significant enough to be considered unusual for an executive at a company of this size.

Stakeholder Impact

• The donation has a minor positive impact on the charity receiving the shares.
• The transaction has no material impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Varonis Systems, James O'Boyle, stock donation, charitable giving, insider transaction, Form 4, share ownership