Faitelson Yakov 4

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.