Faitelson Yakov 4

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.