Form 4: Varonis Systems VP Dov Gottlieb Reports Tax-Related Stock Disposal

Dov Gottlieb, VP and General Counsel of Varonis Systems, reports the disposal of 21,445 shares to cover tax obligations related to vesting restricted stock units.

Summary

• Dov Gottlieb, VP and General Counsel of Varonis Systems, filed a Form 4 on May 31, 2024.
• The filing reports a transaction where 21,445 shares of common stock were disposed of at a price of $42.96.
• These shares were withheld by Varonis to satisfy tax withholding requirements on the vesting of restricted stock units.
• Following the transaction, Gottlieb beneficially owns 196,779 shares of Varonis Systems.
• The transaction was related to tax obligations and not an open market sale.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transaction is related to tax obligations and not a discretionary sale.

Management Comments

• Shares withheld by Varonis to satisfy tax withholding requirements on vesting of restricted stock units; no shares were sold.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations and not necessarily indicative of the executive's sentiment towards the company's future prospects.

Key Dates