STOCK TITAN

[Form 4] Varonis Systems, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Varonis Systems (VRNS) Form 4 – Insider Transaction

Chief Financial & Operating Officer Guy Melamed sold 51,889 common shares on 08/01/2025 under a pre-arranged Rule 10b5-1 plan. The shares were disposed at a weighted-average price of $55.10 (range $55.01–$55.24), generating proceeds of roughly $2.9 million. Following the sale, Melamed’s direct ownership stands at 470,602 shares.

No derivative securities were involved and no acquisitions were reported. The filing signals a reduction of approximately 10% of Melamed’s prior direct stake, yet he retains a sizeable position. Because the transaction was executed through a 10b5-1 program, it was scheduled in advance and may not reflect current views on VRNS valuation.

Varonis Systems (VRNS) Modulo 4 – Transazione Insider

Il Chief Financial & Operating Officer Guy Melamed ha venduto 51.889 azioni ordinarie il 01/08/2025 nell'ambito di un piano predefinito secondo la Regola 10b5-1. Le azioni sono state cedute a un prezzo medio ponderato di 55,10 $ (intervallo 55,01–55,24 $), generando un ricavo di circa 2,9 milioni di dollari. Dopo la vendita, la partecipazione diretta di Melamed si attesta a 470.602 azioni.

Non sono stati coinvolti strumenti derivati né sono state segnalate acquisizioni. La comunicazione indica una riduzione di circa il 10% della precedente quota diretta di Melamed, che tuttavia mantiene una posizione significativa. Poiché la transazione è stata effettuata tramite un programma 10b5-1, era pianificata in anticipo e potrebbe non riflettere le opinioni attuali sulla valutazione di VRNS.

Varonis Systems (VRNS) Formulario 4 – Transacción de Insider

El Director Financiero y de Operaciones Guy Melamed vendió 51,889 acciones ordinarias el 01/08/2025 bajo un plan preestablecido conforme a la Regla 10b5-1. Las acciones se dispusieron a un precio promedio ponderado de $55.10 (rango $55.01–$55.24), generando ingresos aproximados de $2.9 millones. Tras la venta, la propiedad directa de Melamed es de 470,602 acciones.

No se involucraron valores derivados ni se reportaron adquisiciones. La presentación indica una reducción de aproximadamente el 10% de la participación directa previa de Melamed, aunque conserva una posición considerable. Dado que la transacción se ejecutó mediante un programa 10b5-1, fue planificada con anticipación y puede no reflejar las opiniones actuales sobre la valoración de VRNS.

Varonis Systems (VRNS) Form 4 – 내부자 거래

최고재무운영책임자(CFO & COO) Guy Melamed는 2025년 8월 1일 사전 승인된 Rule 10b5-1 계획에 따라 51,889 보통주를 매도했습니다. 주식은 가중평균 가격 $55.10 (범위 $55.01–$55.24)에 처분되어 약 290만 달러의 수익을 창출했습니다. 매도 후 Melamed의 직접 보유 주식은 470,602주입니다.

파생상품은 포함되지 않았으며 인수도 보고되지 않았습니다. 이번 신고는 Melamed의 이전 직접 지분 약 10% 감소를 나타내지만, 여전히 상당한 지분을 유지하고 있습니다. 이 거래는 10b5-1 프로그램을 통해 사전에 계획된 것이므로 VRNS 평가에 대한 현재의 견해를 반영하지 않을 수 있습니다.

Varonis Systems (VRNS) Formulaire 4 – Transaction d’initié

Le Directeur financier et des opérations Guy Melamed a vendu 51 889 actions ordinaires le 01/08/2025 dans le cadre d’un plan préétabli selon la règle 10b5-1. Les actions ont été cédées à un prix moyen pondéré de 55,10 $ (fourchette 55,01–55,24 $), générant un produit d’environ 2,9 millions de dollars. Après la vente, la détention directe de Melamed s’élève à 470 602 actions.

Aucun instrument dérivé n’a été impliqué et aucune acquisition n’a été signalée. Ce dépôt indique une réduction d’environ 10 % de la participation directe antérieure de Melamed, qui conserve toutefois une position importante. Étant donné que la transaction a été réalisée via un programme 10b5-1, elle était planifiée à l’avance et peut ne pas refléter les opinions actuelles sur l’évaluation de VRNS.

Varonis Systems (VRNS) Formular 4 – Insider-Transaktion

Der Chief Financial & Operating Officer Guy Melamed verkaufte am 01.08.2025 51.889 Stammaktien im Rahmen eines vorab festgelegten Rule 10b5-1 Plans. Die Aktien wurden zu einem gewichteten Durchschnittspreis von 55,10 $ (Spanne 55,01–55,24 $) veräußert und erzielten Erlöse von etwa 2,9 Millionen Dollar. Nach dem Verkauf hält Melamed direkt 470.602 Aktien.

Es wurden keine Derivate gehandelt und keine Erwerbe gemeldet. Die Meldung signalisiert eine Reduzierung von etwa 10 % seines bisherigen Direktanteils, wobei er jedoch eine bedeutende Position behält. Da die Transaktion über ein 10b5-1 Programm abgewickelt wurde, war sie im Voraus geplant und spiegelt möglicherweise nicht die aktuellen Ansichten zur Bewertung von VRNS wider.

Positive
  • None.
Negative
  • CFO & COO Guy Melamed sold 51,889 VRNS shares (~$2.9 m), reducing his direct stake to 470,602 shares.

Insights

TL;DR: Planned sale of 51.9k shares by VRNS CFO is modestly negative but not alarming.

The $2.9 m sale trims Melamed’s holding to 470.6k shares, about a tenth reduction by share count. Insider selling by senior officers often raises concern, yet the use of a 10b5-1 plan limits informational value; timing and price were likely predetermined. Volume is small relative to VRNS’s ~110 m shares outstanding, so supply impact is negligible. I view the filing as neutral to slightly negative for sentiment, with no direct operational or financial implications.

TL;DR: Governance risk low; sale complies with 10b5-1 and disclosed details.

The company demonstrates sound compliance by disclosing weighted average pricing and offering to furnish granular trade data on request. Execution under Rule 10b5-1 reduces litigation and perception risk. No red flags such as clustered insider selling or option exercises appear. Therefore, from a governance standpoint, the event is largely non-impactful.

Varonis Systems (VRNS) Modulo 4 – Transazione Insider

Il Chief Financial & Operating Officer Guy Melamed ha venduto 51.889 azioni ordinarie il 01/08/2025 nell'ambito di un piano predefinito secondo la Regola 10b5-1. Le azioni sono state cedute a un prezzo medio ponderato di 55,10 $ (intervallo 55,01–55,24 $), generando un ricavo di circa 2,9 milioni di dollari. Dopo la vendita, la partecipazione diretta di Melamed si attesta a 470.602 azioni.

Non sono stati coinvolti strumenti derivati né sono state segnalate acquisizioni. La comunicazione indica una riduzione di circa il 10% della precedente quota diretta di Melamed, che tuttavia mantiene una posizione significativa. Poiché la transazione è stata effettuata tramite un programma 10b5-1, era pianificata in anticipo e potrebbe non riflettere le opinioni attuali sulla valutazione di VRNS.

Varonis Systems (VRNS) Formulario 4 – Transacción de Insider

El Director Financiero y de Operaciones Guy Melamed vendió 51,889 acciones ordinarias el 01/08/2025 bajo un plan preestablecido conforme a la Regla 10b5-1. Las acciones se dispusieron a un precio promedio ponderado de $55.10 (rango $55.01–$55.24), generando ingresos aproximados de $2.9 millones. Tras la venta, la propiedad directa de Melamed es de 470,602 acciones.

No se involucraron valores derivados ni se reportaron adquisiciones. La presentación indica una reducción de aproximadamente el 10% de la participación directa previa de Melamed, aunque conserva una posición considerable. Dado que la transacción se ejecutó mediante un programa 10b5-1, fue planificada con anticipación y puede no reflejar las opiniones actuales sobre la valoración de VRNS.

Varonis Systems (VRNS) Form 4 – 내부자 거래

최고재무운영책임자(CFO & COO) Guy Melamed는 2025년 8월 1일 사전 승인된 Rule 10b5-1 계획에 따라 51,889 보통주를 매도했습니다. 주식은 가중평균 가격 $55.10 (범위 $55.01–$55.24)에 처분되어 약 290만 달러의 수익을 창출했습니다. 매도 후 Melamed의 직접 보유 주식은 470,602주입니다.

파생상품은 포함되지 않았으며 인수도 보고되지 않았습니다. 이번 신고는 Melamed의 이전 직접 지분 약 10% 감소를 나타내지만, 여전히 상당한 지분을 유지하고 있습니다. 이 거래는 10b5-1 프로그램을 통해 사전에 계획된 것이므로 VRNS 평가에 대한 현재의 견해를 반영하지 않을 수 있습니다.

Varonis Systems (VRNS) Formulaire 4 – Transaction d’initié

Le Directeur financier et des opérations Guy Melamed a vendu 51 889 actions ordinaires le 01/08/2025 dans le cadre d’un plan préétabli selon la règle 10b5-1. Les actions ont été cédées à un prix moyen pondéré de 55,10 $ (fourchette 55,01–55,24 $), générant un produit d’environ 2,9 millions de dollars. Après la vente, la détention directe de Melamed s’élève à 470 602 actions.

Aucun instrument dérivé n’a été impliqué et aucune acquisition n’a été signalée. Ce dépôt indique une réduction d’environ 10 % de la participation directe antérieure de Melamed, qui conserve toutefois une position importante. Étant donné que la transaction a été réalisée via un programme 10b5-1, elle était planifiée à l’avance et peut ne pas refléter les opinions actuelles sur l’évaluation de VRNS.

Varonis Systems (VRNS) Formular 4 – Insider-Transaktion

Der Chief Financial & Operating Officer Guy Melamed verkaufte am 01.08.2025 51.889 Stammaktien im Rahmen eines vorab festgelegten Rule 10b5-1 Plans. Die Aktien wurden zu einem gewichteten Durchschnittspreis von 55,10 $ (Spanne 55,01–55,24 $) veräußert und erzielten Erlöse von etwa 2,9 Millionen Dollar. Nach dem Verkauf hält Melamed direkt 470.602 Aktien.

Es wurden keine Derivate gehandelt und keine Erwerbe gemeldet. Die Meldung signalisiert eine Reduzierung von etwa 10 % seines bisherigen Direktanteils, wobei er jedoch eine bedeutende Position behält. Da die Transaktion über ein 10b5-1 Programm abgewickelt wurde, war sie im Voraus geplant und spiegelt möglicherweise nicht die aktuellen Ansichten zur Bewertung von VRNS wider.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Melamed Guy

(Last) (First) (Middle)
C/O VARONIS SYSTEMS, INC.
801 BRICKELL AVE.

(Street)
MIAMI FL 33131

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
VARONIS SYSTEMS INC [ VRNS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CFO and COO
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.001 per share 08/01/2025 S(1) 51,889 D $55.1(2) 470,602 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.01 to $55.24, inclusive. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer, or a shareholder of the Issuer full information regarding the number of shares sold at each separate price.
Remarks:
/s/ Dov Gottlieb, as attorney-in-fact for Guy Melamed 08/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many VRNS shares did CFO Guy Melamed sell?

He sold 51,889 common shares.

What was the average sale price reported in the Form 4?

The weighted-average price was $55.10 per share.

How many VRNS shares does Melamed own after the transaction?

His direct ownership is 470,602 shares.

Was the VRNS insider sale executed under a 10b5-1 plan?

Yes, the filing states the sale was done pursuant to a Rule 10b5-1 trading plan.

Did the Form 4 disclose any derivative security activity?

No, no derivative transactions were reported.

Is this insider sale considered material to Varonis Systems investors?

The trade is relatively small compared with total shares outstanding and was pre-planned, so impact is considered low.
Varonis Sys Inc

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6.39B
109.01M
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106.52%
10.57%
Software - Infrastructure
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United States
MIAMI