Bass David 4

What Happened
David Bass, EVP Engineering & CTO of Varonis Systems (VRNS), received a grant of 169,095 restricted stock units (RSUs) on 2026-02-06 (award, $0.00 per unit) and made an open-market purchase of 2,980 shares on 2026-02-09 at $23.47 per share for a total of $69,941. The RSU grant is compensation and will convert to shares as it vests; the Feb 9 transaction is a straight purchase.

Key Details

• Transactions:
  • 2026-02-06 — Award (A): 169,095 RSUs @ $0.00 (no cash paid)
  • 2026-02-09 — Purchase (P): 2,980 shares @ $23.47 = $69,941
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnote: The 169,095 RSUs vest in four equal annual installments, deliverable on the last calendar day of February beginning on February 26, 2027.
• Filing timeliness: Form 4 filed 2026-02-10; appears to be filed within the required reporting window (timely).
• Transaction codes: A = Award/Grant; P = Open-market Purchase.

Context
RSUs are a form of equity compensation that convert to shares as they vest; no cash was exchanged for the RSUs at grant. The open-market purchase resulted in immediate beneficial ownership of those shares. Awards reflect compensation decisions; purchases are direct insider buys. The filing contains no indication of a 10b5-1 plan, tax-withholding sale, or late filing.