Varonis (NASDAQ: VRNS) CEO granted 315,674 RSUs and buys stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Varonis Systems CEO Yakov Faitelson reported several equity moves. On February 6, 2026, he received 315,674 restricted stock units, scheduled to vest in four equal annual installments starting on February 26, 2027, each paying out the same number of common shares.
On February 9, 2026, he purchased 26,725 common shares at $22.41 per share for his direct holdings. That same day he gifted 47,000 shares to his spouse and 40,000 shares to an irrevocable trust for his children, where he has no pecuniary interest. His spouse later transferred 31,928 shares into a trust in which he continues to have a pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 26,725 shares ($598,907)
Net Buy
5 txns
Insider
Faitelson Yakov
Role
CEO, President, Chairman
Bought
26,725 shs ($599K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.001 per share | 26,725 | $22.41 | $599K |
| Gift | Common Stock, par value $0.001 per share | 87,000 | $0.00 | -- |
| Gift | Common Stock, par value $0.001 per share | 47,000 | $0.00 | -- |
| Gift | Common Stock, par value $0.001 per share | 31,928 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.001 per share | 315,674 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 2,185,387 shares (Direct);
Common Stock, par value $0.001 per share — 83,869 shares (Indirect, By Spouse)
Footnotes (1)
- Represents restricted stock units granted to the reporting person on February 6, 2026. Such restricted stock units will vest, and an equal number of shares of common stock will be deliverable to the reporting person, in four equal (annual) installments upon the last calendar day of the month of February beginning on February 26, 2027. On February 9, 2026, the reporting person made a gift of (i) 47,000 shares to his spouse and (ii) 40,000 shares to an irrevocable trust held for the benefit of his children. The reporting person is not the trustee and neither he nor any of the beneficiaries will have the power to control the investments of the irrevocable trust. As such, the reporting person has no reportable pecuniary interest in the shares held by the trust. Represents a transfer by the reporting person's spouse of shares into a trust. The reporting person continues to have a pecuniary interest of the shares in the trust.
FAQ
What insider transactions did VRNS CEO Yakov Faitelson report on this Form 4?
Yakov Faitelson reported a grant of 315,674 restricted stock units, a purchase of 26,725 Varonis Systems common shares at $22.41, and several non-cash gifts and transfers involving shares held directly, by his spouse, and by related trusts.
How do the 315,674 RSUs granted to VRNS CEO Faitelson vest?
The 315,674 restricted stock units vest in four equal annual installments. Vesting occurs on the last calendar day of February each year, beginning February 26, 2027, with an equal number of Varonis Systems common shares delivered at each installment.
What common stock purchase did VRNS CEO make on February 9, 2026?
On February 9, 2026, Yakov Faitelson purchased 26,725 shares of Varonis Systems common stock. The shares were acquired at a price of $22.41 per share and are held directly, increasing his direct ownership position after the transaction.
What roles does Yakov Faitelson hold at Varonis Systems (VRNS)?
The reporting person, Yakov Faitelson, serves simultaneously as CEO, President, and Chairman of Varonis Systems, Inc. He is also a director of the company, as indicated by the Form 4 relationship section for the reporting person.