Faitelson Yakov 4
4 · VARONIS SYSTEMS INC · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Varonis (VRNS) CEO Yakov Faitelson Receives Award, Buys Shares
What Happened
Yakov Faitelson, Varonis Systems’ CEO, President and Chairman, received a grant of 315,674 restricted stock units (RSUs) on Feb 6, 2026 and made an open‑market purchase of 26,725 shares on Feb 9, 2026 for $22.41 each (totaling $598,907). The filing also records multiple gift/transfer transactions on Feb 9, 2026 (including a reported disposition of 87,000 shares and other transfers/acquisitions totaling ~78,928 shares).
Key Details
- RSU grant: 315,674 restricted stock units granted 2026-02-06 (Footnote F1). These RSUs vest in four equal annual installments with the first vesting on Feb 26, 2027.
- Open‑market purchase: 26,725 shares acquired 2026-02-09 at $22.41/share for a total of $598,907 (Transaction code P).
- Gifts/transfers (2026-02-09): filing shows a disposition of 87,000 shares and additional gift/transfer entries (including 47,000 and 31,928 share entries). Footnotes clarify: F2 = he gifted 47,000 shares to his spouse and 40,000 shares to an irrevocable trust (he has no pecuniary interest in the trust-held shares); F3 = a transfer by his spouse into a trust for which he continues to have a pecuniary interest.
- Shares owned after the transactions: not specified in the provided filing.
- Filing timeliness: no late‑filing indication provided in the supplied data.
Context
- The 315,674 RSUs are a standard equity award subject to multi‑year vesting (not immediate marketable shares).
- The 26,725‑share open market purchase is a direct buy (often viewed as a stronger signal of insider buying than routine grants).
- Gifts/transfers are non‑market transactions and do not necessarily indicate the insider’s view of the company’s prospects; footnotes indicate some transfers remove his pecuniary interest (irrevocable trust) while others maintain it.
Insider Transaction Report
Form 4
Faitelson Yakov
DirectorCEO, President, Chairman
Transactions
- Award
Common Stock, par value $0.001 per share
[F1]2026-02-06+315,674→ 2,158,662 total - Purchase
Common Stock, par value $0.001 per share
2026-02-09$22.41/sh+26,725$598,907→ 2,185,387 total - Gift
Common Stock, par value $0.001 per share
[F2]2026-02-09−87,000→ 2,098,387 total - Gift
Common Stock, par value $0.001 per share
[F2]2026-02-09+47,000→ 83,869 total(indirect: By Spouse) - Gift
Common Stock, par value $0.001 per share
[F3]2026-02-09+31,928→ 285,312 total(indirect: By Trust)
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]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.
Signature
s/ Dov Gottlieb as attorney-in-fact|2026-02-10