Faitelson Yakov 4
4 · VARONIS SYSTEMS INC · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Varonis (VRNS) CEO Yakov Faitelson Receives Award of 162,460 Shares
What Happened Yakov Faitelson, CEO, President and Chairman of Varonis Systems, was awarded 162,460 performance-vesting restricted stock units (PSUs) on February 2, 2026. The grant was reported as acquired for no cash consideration (price $0.00). The performance certification occurred Feb 2, 2026 and the PSUs are scheduled to vest on February 29, 2028, subject to continued employment.
Key Details
- Transaction date: 2026-02-02; Transaction type: Award/Grant (code A).
- Shares/units granted: 162,460; price paid: $0.00 (earned, not purchased).
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: These are 2025 PSUs earned based on 2025 fiscal-year performance and certified by the compensation committee; they vest 2/29/2028 if employment continues.
- Filing date: 2026-02-04 (filed within the normal Form 4 reporting window).
Context These are performance-based RSUs, meaning the shares were earned based on company performance targets for fiscal 2025 but are subject to a future vesting date and continued employment. Such awards do not involve an immediate cash purchase or sale and represent compensation rather than an open-market buy or sell.
Insider Transaction Report
- Award
Common Stock, par value $0.001 per share
[F1]2026-02-02+162,460→ 1,842,988 total
- 253,384(indirect: By Trust)
Common Stock, par value $0.001 per share
- 36,869(indirect: By Spouse)
Common Stock, par value $0.001 per share
Footnotes (1)
- [F1]Represents shares earned by the reporting person for no consideration under certain performance-vesting restricted stock units (the "2025 PSUs"), which were granted to the reporting person pursuant to the Issuer's Amended and Restated 2023 Omnibus Equity Incentive Plan. The 2025 PSUs were earned subject to the satisfaction of certain performance goals for the 2025 fiscal year, the performance of which was certified by the Issuer's compensation committee on February 2, 2026. The 2025 PSUs will vest on February 29, 2028, subject to the reporting person's continued employment through such date.