X0306 4 2018-03-06 0 0001361113 VARONIS SYSTEMS INC VRNS 0001224533 COMOLLI KEVIN E C/O ACCEL 500 UNIVERSITY AVENUE PALO ALTO CA 94301 1 0 0 0 Common Stock 2018-03-06 4 S 0 16801 58.717 D 116130 I See Footnote Common Stock 2018-03-07 4 S 0 23844 58.9564 D 92286 I See Footnote Common Stock 2018-03-08 4 S 0 8355 59.3794 D 83931 I See Footnote Common Stock 2018-03-08 4 S 0 1000 59.935 D 83931 I See Footnote Common Stock 27217 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.30 to $59.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4. The reportable securities are owned directly by Rothschild Trust Guernsey Limited, as trustee of the Max Trust. The Reporting Person is a beneficiary of the Max Trust. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.65 to $59.20, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (3) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.90 to $59.875, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (4) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.90 to $60.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (5) to this Form 4. Includes 5,429 shares of common stock underlying restricted stock unit awards that are subject to time-based vesting and settlement. By: /s/ Jonathan Biggs, attorney-in-fact for Kevin Comolli 2018-03-08