Melamed Guy 4

What Happened

• Guy Melamed, Varonis Systems Inc. (VRNS) Chief Financial Officer and Chief Operating Officer, received an award of 125,359 restricted stock units (RSUs) on February 6, 2026. The grant is reported at $0.00 per unit (award/grant code A); no cash changed hands at grant.

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-10 (filing appears to be timely).
• Reported amount: 125,359 RSUs granted, reported at $0.00 per unit.
• Shares owned after transaction: not specified in the filing.
• Footnote: RSUs vest in four equal annual installments, with shares deliverable on the last calendar day of February beginning February 26, 2027 (i.e., annual vesting over 4 years).
• No 10b5-1 plan, tax-withholding sale, or immediate sale of shares is indicated in the filing.

Context

• This is an equity compensation award (not a market purchase or sale). RSUs convert to actual shares only as they vest; their eventual value will depend on Varonis’s stock price at vesting. Such grants are common for executive compensation and do not, by themselves, indicate whether the insider will buy or sell shares in the open market.