Form 4: Varonis Systems VP Dov Gottlieb Reports Changes in Beneficial Ownership

Dov Gottlieb, VP and General Counsel of Varonis Systems, reports the withholding of shares to cover tax obligations and an increase in shares owned through the employee stock purchase plan.

Summary

• On February 29, 2024, Dov Gottlieb, VP and General Counsel of Varonis Systems, Inc., reported a transaction involving Varonis Systems common stock.
• 9,704 shares were withheld by Varonis to satisfy tax withholding requirements upon the vesting of restricted stock units at a price of $50.8 per share.
• No shares were sold by Mr. Gottlieb.
• Following the transaction, Mr. Gottlieb beneficially owns 218,224 shares of Varonis Systems common stock, which includes 274 shares purchased under the company's 2015 Employee Stock Purchase Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects routine transactions related to compensation and employee benefits, with a slight positive signal from the insider's continued participation in the employee stock purchase plan.

Positives

• Mr. Gottlieb increased his holdings through the Employee Stock Purchase Plan, indicating confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to tax obligations and participation in employee stock purchase plans, which are common practices.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency into executive compensation and stock ownership.

Key Dates