X0306 4 2016-11-25 0 0001361113 VARONIS SYSTEMS INC VRNS 0001601078 Iohan Gili C/O VARONIS SYSTEMS, INC. 1250 BROADWAY, 29TH FLOOR NEW YORK NY 10001 0 1 0 0 Chief Financial Officer Common Stock, par value $0.001 per share 2016-11-25 4 M 0 126 1.256 A 47326 D Common Stock, par value $0.001 per share 2016-11-25 4 S 0 5000 30.7245 D 42326 D Stock Option (right to buy) 1.256 2016-11-25 4 M 0 126 0.00 D 2010-10-01 2019-01-15 Common Stock 126 36874 D Includes 1,110 shares of Common Stock purchased under the Varonis Systems, Inc. 2015 Employee Stock Purchase Plan. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 10, 2016. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.50 to $30.75, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the above range. /s/ Gili Iohan 2016-11-29