X0306 4 2015-02-20 0 0001361113 VARONIS SYSTEMS INC VRNS 0001601078 Iohan Gili C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 31ST FLOOR NEW YORK NY 10001 0 1 0 0 Chief Financial Officer Common Stock, $0.001 par value 2015-02-20 4 A 0 13000 0.001 A 46000 D Stock Option (right to buy) 29.88 2015-02-20 4 A 0 13000 0.00 A 2025-02-20 Common Stock 13000 13000 D Represents restricted stock units granted to the reporting person on February 20, 2015. 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 29, 2016. 25% of the options become exercisable one year from the date of grant. 1/48th of the remaining options become exercisable monthly thereafter on a pro rata basis. /s/ Gili Iohan 2015-02-23