<SEC-DOCUMENT>0001178913-25-002122.txt : 20250606
<SEC-HEADER>0001178913-25-002122.hdr.sgml : 20250606
<ACCEPTANCE-DATETIME>20250605214717
ACCESSION NUMBER:		0001178913-25-002122
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250605
FILED AS OF DATE:		20250606
DATE AS OF CHANGE:		20250605

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CyberArk Software Ltd.
		CENTRAL INDEX KEY:			0001598110
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36625
		FILM NUMBER:		251028734

	BUSINESS ADDRESS:	
		STREET 1:		9 HAPSAGOT ST.
		STREET 2:		PARK OFER B, P.O. BOX 3143
		CITY:			PETACH-TIKVA
		STATE:			L3
		ZIP:			4951040
		BUSINESS PHONE:		97239180000

	MAIL ADDRESS:	
		STREET 1:		9 HAPSAGOT ST.
		STREET 2:		PARK OFER B, P.O. BOX 3143
		CITY:			PETACH-TIKVA
		STATE:			L3
		ZIP:			4951040

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Cyber-Ark Software Ltd.
		DATE OF NAME CHANGE:	20140123
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk2533319.htm
<DESCRIPTION>6-K
<TEXT>
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Washington, D.C.&#160;&#160;20549</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">______________________</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">FORM 6-K</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">REPORT&#160;OF FOREIGN PRIVATE ISSUER</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16 of the</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Securities Exchange Act of 1934</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">For the month of June 2025</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Commission File Number: 001-36625</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">CyberArk Software Ltd.</div>
    <div style="text-align: center; line-height: 1.25;">&#160;(Translation of registrant&#8217;s name into English)</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">CyberArk Software Ltd.</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">9 Hapsagot St.</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Park Ofer B, P.O. Box 3143</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Petach-Tikva, 4951040 Israel</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">(Address of principal executive offices)</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25;">Form 20-F &#9746;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Form 40-F &#9744;</div>
    <div style="line-height: 1.25">&#160;</div>
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">EXPLANATORY NOTE</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-indent: 36pt; line-height: 1.25;">On June 5, 2025, CyberArk Software Ltd. (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;) issued a press release announcing the pricing of $1.1 billion principal amount of&#160;convertible senior
      notes (the &#8220;<font style="font-weight: bold;">notes</font>&#8221;) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The size of the offering was increased from the previously
      announced $750.0 million aggregate principal amount of notes. A copy of this press release is attached as Exhibit 99.1 to this Report on Form 6-K. <br>
      <br>
    </div>
  </div>
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    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">SIGNATURE</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
    <div style="line-height: 1.25;">&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z5a6732230c2946ab9710163c37ea3a31" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">Date: June 5, 2025</div>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="vertical-align: top;" colspan="2">
            <div style="line-height: 1.25;">CYBERARK SOFTWARE LTD.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 33.43%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25;">By:</div>
          </td>
          <td nowrap="nowrap" style="width: 33.43%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="line-height: 1.25;">/s/&#160; Erica Smith</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25;">Name:</div>
          </td>
          <td nowrap="nowrap" style="width: 33.43%; vertical-align: bottom;">
            <div style="line-height: 1.25;">Erica Smith</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25;">Title:</div>
          </td>
          <td style="width: 33.43%; vertical-align: top;">
            <div style="line-height: 1.25;">Chief Financial Officer</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
        </tr>

    </table>
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    <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">EXHIBIT INDEX</div>
    <div style="line-height: 1.25;">&#160;</div>
    <div style="line-height: 1.25;">The following exhibit is filed as part of this Form 6-K:</div>
    <div style="line-height: 1.25;">&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="za28aa8a411ac446b93ee4863fb85e03e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <div style="line-height: 1.25;">Exhibit&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="line-height: 1.25;">Description</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
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          <td style="width: 8%; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="exhibit_99-1.htm">99.1</a></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="line-height: 1.25;"><a href="exhibit_99-1.htm">Press release dated June 5, 2025 titled &#8220;CyberArk Software Ltd. Announces Pricing of Upsized Private&#160;</a><a href="exhibit_99-1.htm">Offering of $1.1 billion of 0.00% Convertible Senior Notes due 2030&#8221;.</a></div>
          </td>
        </tr>

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    <div style="line-height: 1.25;">&#160;</div>
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    <div style="line-height: 1.25">&#160;</div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit_99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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      <div style="line-height: 1.25; text-align: right;"><u><font style="font-weight: bold;">Exhibit 99.1</font></u><br style="line-height: 1.25;">
      </div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="line-height: 1.25; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-style: normal; font-variant: normal; text-transform: none;">
      <div style="text-align: center; line-height: 1.25;">CyberArk Software Ltd. Announces Pricing of Upsized Private Offering of $1.1 billion of 0.00% </div>
      <div style="text-align: center; line-height: 1.25;">Convertible Senior Notes due 2030</div>
    </div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">NEWTON, Mass. &amp; PETACH TIKVA, Israel</font> &#8211; <font style="font-weight: bold;">June 5, 2025</font> &#8211; CyberArk Software Ltd. (Nasdaq: CYBR) (&#8220;CyberArk&#8221;), the
      global leader in identity security, today announced the pricing of $1.1 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030 (the &#8220;Notes&#8221;) in a private offering (the &#8220;Offering&#8221;) to qualified institutional buyers pursuant to
      Rule 144A under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;). The offering size was increased from the previously announced offering size of $750.0 million aggregate principal amount of Notes. In connection with the Offering,
      CyberArk has granted the initial purchasers of the Notes a 13-day option to purchase up to an additional $150.0 million aggregate principal amount of the Notes. The sale of the Notes to the initial purchasers is expected to settle on June 10, 2025
      subject to customary closing conditions.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">The Notes will not bear regular interest, and the principal amount of the Notes will not accrete.&#160;The Notes will mature on June 15, 2030, unless earlier repurchased, redeemed or converted in
      accordance with their terms prior to such date.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">CyberArk may redeem for cash (1) all of the Notes at any time on or prior to the 31st scheduled trading day immediately preceding the maturity date if certain tax-related events occur and (2) all or
      any portion (subject to certain limitations) of the Notes, at any time, and from time to time, on or after June 20, 2028, and on or before the 31<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup> scheduled trading day immediately before the maturity date, at its option at any time and
      from time to time, if the last reported sale price per share of CyberArk&#8217;s ordinary shares exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. The redemption price will be equal to the
      principal amount of the Notes to be redeemed, plus accrued and unpaid special interest, if any, to, but excluding, the redemption date.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">Holders of the Notes will have the right to require CyberArk to repurchase all or a portion of their Notes upon the occurrence of a fundamental change (as defined in the indenture governing the
      Notes) at a cash purchase price of 100% of their principal amount plus accrued and unpaid special interest, if any, to, but excluding, the fundamental change repurchase date. In connection with certain corporate events or following CyberArk&#8217;s
      delivery of a notice of redemption, CyberArk will, under certain circumstances, increase the conversion rate for holders who elect to convert their Notes in connection with such corporate event or notice of redemption, as the case may be.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">The Notes will be convertible based on an initial conversion rate of 1.9614 ordinary shares of CyberArk per $1,000 principal amount of Notes (equivalent to an initial conversion price of
      approximately $509.84 per share, which represents a conversion premium of approximately 30.0% to the last reported sale price of CyberArk&#8217;s ordinary shares on The Nasdaq Global Select Market on June 5, 2025). Prior to the close of business on the
      business day immediately preceding February 15, 2030, the Notes will be convertible at the option of the holders of the Notes only upon the satisfaction of specified conditions and during certain periods. On or after February 15, 2030 until the close
      of business on the second scheduled trading day preceding the maturity date, the Notes will be convertible at the option of the holders of Notes at any time regardless of these conditions. Conversions of the Notes will be settled in cash, ordinary
      shares of CyberArk or a combination thereof, at CyberArk&#8217;s election.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">When issued, the Notes will be CyberArk&#8217;s senior unsecured obligations and will rank senior in right of payment to any of CyberArk&#8217;s unsecured indebtedness that is expressly subordinated in right of
      payment to the Notes; equal in right of payment to any of CyberArk&#8217;s unsecured indebtedness that is not so subordinated; effectively junior in right of payment to any of CyberArk&#8217;s secured indebtedness to the extent of the value of the assets
      securing such indebtedness; and structurally junior to all indebtedness and other liabilities (including trade payables) of CyberArk&#8217;s subsidiaries.</div>
    <div style="text-align: justify; line-height: 1.25;"> <br>
    </div>
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    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">In connection with the pricing of the Notes, CyberArk entered into privately negotiated capped call transactions with certain of the initial purchasers of the Offering and/or their respective
      affiliates and/or other financial institutions (in this capacity, the &#8220;Option Counterparties&#8221;). The capped call transactions are expected to cover, subject to anti-dilution adjustments substantially similar to those applicable to the Notes, up to the
      number of shares of CyberArk&#8217;s ordinary shares that will initially underlie the Notes. If the initial purchasers exercise their option to purchase additional Notes, then CyberArk expects to enter into additional capped call transactions with the
      Option Counterparties. The capped call transactions are expected to generally reduce the potential dilution to the ordinary shares of CyberArk upon any conversion of Notes and/or to offset any cash payments CyberArk is required to make in excess of
      the principal amount of the converted Notes, as the case may be, in the event that the market price of CyberArk&#8217;s ordinary shares, as measured under the terms of the capped call transactions, is greater than the strike price of the capped call
      transactions, with such reduction of potential dilution and/or offset of cash payments subject to a cap. The cap price of the capped call transactions will initially be approximately $686.32 per share, which represents a premium of approximately
      75.0% over the last reported sale price of the ordinary shares of CyberArk of $392.18 per share on June 5, 2025, and is subject to certain adjustments under the terms of the capped call transactions.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">CyberArk has been advised that, in connection with establishing their initial hedges of the capped call transactions, the Option Counterparties or their respective affiliates expect to enter into
      various derivative transactions with respect to the ordinary shares of CyberArk concurrently with or shortly after the pricing of the Notes. This activity could have the effect of increasing (or reducing the size of any decrease in) the market price
      of the ordinary shares or the Notes at that time. In addition, the Option Counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the ordinary shares and/or by
      purchasing or selling ordinary shares or other securities of CyberArk in secondary market transactions from time to time prior to the maturity of the Notes (and are likely to do so following any conversion, repurchase or redemption of the Notes, in
      each case, if CyberArk exercises the relevant election under the capped call transactions, and in connection with any negotiated unwind or modification of the capped call transactions). This activity could also cause an increase or avoid a decrease
      in the market price of the ordinary shares of CyberArk or the Notes, which could affect the ability of holders of Notes to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of the Notes, it
      could affect the number of ordinary shares, if any, and value of the consideration that holders of Notes will receive upon conversion of the Notes.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">CyberArk estimates that the net proceeds from the Offering will be approximately $1,072.4 million (or $1,218.8 million if the initial purchasers exercise their option to purchase additional Notes),
      after deducting initial purchasers&#8217; discounts and estimated offering expenses payable by CyberArk. CyberArk intends to use approximately $96.8 million of the net proceeds from the Offering to pay the cost of the capped call transactions, and the
      remaining net proceeds for working capital or other general corporate purposes. CyberArk may also use a portion of the net proceeds to make acquisitions or investments. However, CyberArk has not entered into any agreements or commitments for any
      specific acquisition or investment at this time. If the initial purchasers exercise their option to purchase additional Notes, CyberArk expects to use a portion of the net proceeds from the sale of the additional Notes to enter into additional capped
      call transactions with the Option Counterparties and for general corporate purposes. Pending these uses, CyberArk intends to invest the net proceeds in high-quality, short-term fixed income instruments which include corporate, financial institution,
      federal agency or U.S. government obligations.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">The Notes were offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the Notes and the ordinary shares
      of CyberArk issuable upon conversion of the Notes, if any, have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, the Notes and such ordinary shares, if any, may
      not be offered or sold in the United States except pursuant to an applicable exemption from such registration requirements.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer or sale of, the Notes (or any ordinary shares of CyberArk issuable upon
      conversion of the Notes) in any state or jurisdiction in which the offer, solicitation, or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction.</div>
    <div style="text-align: justify; line-height: 1.25;"> <br>
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    <div style="text-align: justify; line-height: 1.25; font-weight: bold;">About CyberArk</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">CyberArk (Nasdaq: CYBR) is the global leader in identity security, trusted by organizations around the world to secure human and machine identities in the modern enterprise. CyberArk&#8217;s AI-powered
      Identity Security Platform applies intelligent privilege controls to every identity with continuous threat prevention, detection and response across the identity lifecycle. With CyberArk, organizations can reduce operational and security risks by
      enabling zero trust and least privilege with complete visibility, empowering all users and identities, including workforce, IT, developers and machines, to securely access any resource, located anywhere, from everywhere.</div>
    <div style="line-height: 1.25">&#160;</div>
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      <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Forward-Looking Statements</div>
      <div style="line-height: 1.25">&#160;</div>
    </div>
    <div style="text-align: justify; line-height: 1.25;">This press release contains forward-looking statements, including, among other things, about whether CyberArk will be able to consummate the Offering, expectations regarding actions of the Option
      Counterparties and their respective affiliates and the satisfaction of customary closing conditions with respect to the Offering. In some cases, forward-looking statements may be identified by terminology such as &#8220;believe,&#8221; &#8220;may,&#8221; &#8220;estimate,&#8221;
      &#8220;continue,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;should,&#8221; &#8220;plan,&#8221; &#8220;expect,&#8221; &#8220;predict,&#8221; &#8220;potential,&#8221; or the negative of these terms or other similar expressions. Such statements involve a number of known and unknown risks and uncertainties that could cause
      CyberArk&#8217;s future results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. You should not rely upon
      forward-looking statements as predictions of future events.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or
      achievements to differ materially, including (i) changes as a result of market conditions or for other reasons, (ii) the risk that the Offering will not be consummated, (iii) the risk that the capped call transactions will not become effective, and
      (iv) the impact of general economic, industry or political conditions in the United States or internationally.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in CyberArk&#8217;s filings with the
      Securities and Exchange Commission (the &#8220;SEC&#8221;), including its annual report on Form 20-F filed with the SEC on March 12, 2025. Forward-looking statements in this press release are made pursuant to the safe harbor provisions contained in the U.S.
      Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and CyberArk undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information,
      future events or otherwise, except as required by applicable law.</div>
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    <div style="line-height: 1.25; font-weight: bold;">Investor Relations Contact:</div>
    <div style="line-height: 1.25;">Floris van der Veer<br>
      CyberArk</div>
    <div style="line-height: 1.25;">617-558-2132</div>
    <div style="line-height: 1.25;">ir@cyberark.com</div>
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    <div style="line-height: 1.25; font-weight: bold;">Media Contact:</div>
    <div style="line-height: 1.25;">Rachel Gardner</div>
    <div style="line-height: 1.25;">CyberArk</div>
    <div style="line-height: 1.25;">603-531-7229</div>
    <div style="line-height: 1.25;">press@cyberark.com</div>
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