[Form 4] VARONIS SYSTEMS INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VARONIS SYSTEMS INC executive Dov Gottlieb reported a routine tax-withholding share disposition tied to equity compensation. On the vesting of restricted stock units, 9,264 shares of common stock were withheld by Varonis at $34.15 per share to cover tax obligations, and no shares were sold on the market. After this non-market transaction, Gottlieb directly holds 265,774 shares of Varonis common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gottlieb Dov
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.001 per share | 9,264 | $34.15 | $316K |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 265,774 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 9,264 shares
Withholding price per share: $34.15 per share
Shares owned after transaction: 265,774 shares
+1 more
4 metrics
Shares withheld for taxes
9,264 shares
Withheld to satisfy tax withholding on RSU vesting
Withholding price per share
$34.15 per share
Value used for tax-withholding disposition
Shares owned after transaction
265,774 shares
Direct holdings following tax-withholding event
Transaction code
F
Payment of tax liability by delivering securities
Key Terms
restricted stock units, tax withholding requirements, Form 4
3 terms
restricted stock units financial
"Shares withheld by Varonis to satisfy tax withholding requirements on vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding requirements financial
"Shares withheld by Varonis to satisfy tax withholding requirements on vesting of restricted stock units."
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Varonis Systems (VRNS) report for Dov Gottlieb?
Varonis Systems (VRNS) reported that EVP and General Counsel Dov Gottlieb had 9,264 shares withheld to cover taxes on vesting restricted stock units. This was a Form 4 filing and reflects a compensation-related event rather than an open-market share sale.
Does the Varonis Systems (VRNS) Form 4 indicate an open-market sale by the executive?
The Form 4 for Varonis Systems (VRNS) explicitly states that no shares were sold. The reported disposition results from shares being withheld by the company to cover taxes on restricted stock unit vesting, not from a discretionary market sale.