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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1361113	Varonis Systems Inc	VRNS	Services-Prepackaged Software (7372)	571222280

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
821977	L.p. Iv Evergreen	C/O Evergreen Venture Partners 25 Habarzel St. Tel-Aviv L3 69710	No	No	Yes	No
1601323	Evergreen Iv Gp, L.p.	C/O Evergreen Venture Partners 25 Habarzel St. Tel-Aviv L3 69710	No	No	Yes	No
1601327	Ltd. Iv E.p.f Evergreen	C/O Evergreen Venture Partners 25 Habarzel St. Tel-Aviv L3 69710	No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.001 Per Share	Acquisiton	2014-03-05	4,391,279	$0.00	4,391,279	No	4	C	Direct
Common Stock, Par Value $0.001 Per Share	Disposition	2014-03-05	219,564	$0.00	4,171,715	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Convertible Preferred Stock	Disposition	2014-03-05	2,281,296	$0.00	2,281,296	$0.00
Common Stock	Series B Convertible Preferred Stock	Disposition	2014-03-05	1,256,282	$0.00	1,256,282	$0.00
Common Stock	Series C Convertible Preferred Stock	Disposition	2014-03-05	575,020	$0.00	575,020	$0.00
Common Stock	Series D Convertible Preferred Stock	Disposition	2014-03-05	278,681	$0.00	278,681	$0.00

Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
No	4	C	Direct
No	4	C	Direct
No	4	C	Direct
No	4	C	Direct

Footnotes

The Issuer's Series A Convertible Preferred Stock, Series B Convertible Preferred Stock, Series C Convertible Preferred Stock and Series D Convertible Preferred Stock (together, the "Preferred Stock") have no expiration date and each share of the Preferred Stock converted automatically on a 1-for-1 basis into shares of the Issuer's Common Stock (the "Common Stock") immediately prior to the completion of the Issuer's underwritten initial public offering (the "IPO") without payment of further consideration.
Represents shares directly held by Evergreen IV, L.P., the general partner of which is Evergreen IV GP, L.P., and the general partner of which is Evergreen E.P.F IV Ltd.
Represents (i) the conversion of 4,391,279 shares of Preferred Stock of the Issuer automatically converted into shares of Common Stock immediately prior to the closing of the Issuer's IPO and (ii) the sale by the Reporting Persons of 219,564 shares of Common Stock to the underwriters in connection with the IPO pursuant to the Issuer's Registration Statement on Form S-1 (No. 333-191840).