FAITELSON YAKOV (CEO, President, Chairman) sold 18.6% of their position (331.67K shares) of VARONIS SYSTEMS INC on the open market

Open‑market sale worth $14.97M — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

FAITELSON YAKOV

Filed: 5/10/2024ACC: 0001213900-24-041857

InsiderFAITELSON YAKOVCIK 1601074

→

IssuerVARONIS SYSTEMS INCCIK 1361113

DirectorOfficer· CEO, President, Chairman

Since Feb 2026

-331.67K

Net shares

Net seller

$14.97M

Total sold

Open market trades

0B · 2S

Total transactions

420K acquired · 751.67K disposed

Non-Derivative Transactions8

Common Stock, par value $0.001 per share

Direct

M · Option Exercise

+71.42K

Price / share

$7.00

Trade value

$499.90K

% of position

5.2%

5/9/2024

1.36M→1.44M

Common Stock, par value $0.001 per share

Direct

M · Option Exercise

+4.37K

Price / share

$9.96

Trade value

$43.57K

% of position

0.3%

5/9/2024

1.44M→1.44M

Common Stock, par value $0.001 per share

Direct

M · Option Exercise

+12.54K

Price / share

$5.62

Trade value

$70.53K

% of position

0.9%

5/9/2024

1.44M→1.45M

Common Stock, par value $0.001 per share

Direct

M · Option Exercise

+183.59K

Price / share

$7.00

Trade value

$1.29M

% of position

12.6%

5/9/2024

1.45M→1.64M

Common Stock, par value $0.001 per share

Direct

M · Option Exercise

+100.63K

Price / share

$9.96

Trade value

$1M

% of position

6.1%

5/9/2024

1.64M→1.74M

Common Stock, par value $0.001 per share

Direct

S · Sale

−284.21K

Price / share

$45.23

Trade value

$12.86M

% of position

16.4%

5/9/2024

1.74M→1.45M

Common Stock, par value $0.001 per share

Direct

M · Option Exercise

+47.46K

Price / share

$5.62

Trade value

$266.86K

% of position

3.3%

5/10/2024

1.45M→1.50M

Common Stock, par value $0.001 per share

Direct

S · Sale

−47.46K

Price / share

$44.53

Trade value

$2.11M

% of position

3.2%

5/10/2024

1.50M→1.45M

Total

Net shares

+88.33K

Net value

-$11.80M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, par value $0.001 per share Direct	5/9/2024	M · Option Exercise	+71.42K	$7.00	$499.90K	5.2%	1.36M	1.44M
Common Stock, par value $0.001 per share Direct	5/9/2024	M · Option Exercise	+4.37K	$9.96	$43.57K	0.3%	1.44M	1.44M
Common Stock, par value $0.001 per share Direct	5/9/2024	M · Option Exercise	+12.54K	$5.62	$70.53K	0.9%	1.44M	1.45M
Common Stock, par value $0.001 per share Direct	5/9/2024	M · Option Exercise	+183.59K	$7.00	$1.29M	12.6%	1.45M	1.64M
Common Stock, par value $0.001 per share Direct	5/9/2024	M · Option Exercise	+100.63K	$9.96	$1M	6.1%	1.64M	1.74M
Common Stock, par value $0.001 per share Direct	5/9/2024	S · Sale	−284.21K	$45.23	$12.86M	16.4%	1.74M	1.45M
Common Stock, par value $0.001 per share Direct	5/10/2024	M · Option Exercise	+47.46K	$5.62	$266.86K	3.3%	1.45M	1.50M
Common Stock, par value $0.001 per share Direct	5/10/2024	S · Sale	−47.46K	$44.53	$2.11M	3.2%	1.50M	1.45M
Total			+88.33K		-$11.80M

Derivative Transactions6

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

71.42K shares

−71.42K

Strike price

7.00

Held after

183.59K

Exercisable

—

5/9/2024

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

4.37K shares

−4.37K

Strike price

9.96

Held after

100.63K

Exercisable

—

5/9/2024

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

12.54K shares

−12.54K

Strike price

5.6233

Held after

47.46K

Exercisable

—

5/9/2024

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

183.59K shares

−183.59K

Strike price

7.00

Held after

0.00

Exercisable

—

5/9/2024

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

100.63K shares

−100.63K

Strike price

9.96

Held after

0.00

Exercisable

—

5/9/2024

Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

47.46K shares

−47.46K

Strike price

5.6233

Held after

0.00

Exercisable

—

5/10/2024

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (right to buy) Direct	Common Stock71.42K shares	5/9/2024	M · Option Exercise	−71.42K	7.00	—	183.59K
Stock Option (right to buy) Direct	Common Stock4.37K shares	5/9/2024	M · Option Exercise	−4.37K	9.96	—	100.63K
Stock Option (right to buy) Direct	Common Stock12.54K shares	5/9/2024	M · Option Exercise	−12.54K	5.6233	—	47.46K
Stock Option (right to buy) Direct	Common Stock183.59K shares	5/9/2024	M · Option Exercise	−183.59K	7.00	—	0.00
Stock Option (right to buy) Direct	Common Stock100.63K shares	5/9/2024	M · Option Exercise	−100.63K	9.96	—	0.00
Stock Option (right to buy) Direct	Common Stock47.46K shares	5/10/2024	M · Option Exercise	−47.46K	5.6233	—	0.00

Non-Derivative Holdings (Post-Transaction)2

Common Stock, par value $0.001 per share

Indirect

Shares owned253.38K

Common Stock, par value $0.001 per share

Indirect

Shares owned4.94K

Total

258.32K indirect258.32K

Security Title	Shares Owned	Ownership Type
Common Stock, par value $0.001 per share	253.38K	Indirect
Common Stock, par value $0.001 per share	4.94K	Indirect
Total	258.32K	258.32K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported