<SEC-DOCUMENT>0001171843-21-004120.txt : 20210603
<SEC-HEADER>0001171843-21-004120.hdr.sgml : 20210603
<ACCEPTANCE-DATETIME>20210603191707
ACCESSION NUMBER:		0001171843-21-004120
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210601
FILED AS OF DATE:		20210603
DATE AS OF CHANGE:		20210603

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			O'Boyle James
		CENTRAL INDEX KEY:			0001601169

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36324
		FILM NUMBER:		21994249

	MAIL ADDRESS:	
		STREET 1:		C/O VARONIS SYSTEMS, INC.
		STREET 2:		1250 BROADWAY, 31ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VARONIS SYSTEMS INC
		CENTRAL INDEX KEY:			0001361113
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				571222280
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1250 BROADWAY, 31ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		877-292-8767

	MAIL ADDRESS:	
		STREET 1:		1250 BROADWAY, 31ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2021-06-01</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001361113</issuerCik>
        <issuerName>VARONIS SYSTEMS INC</issuerName>
        <issuerTradingSymbol>VRNS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001601169</rptOwnerCik>
            <rptOwnerName>O'Boyle James</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O VARONIS SYSTEMS, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>1250 BROADWAY, 29TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10001</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>SVP of Worldwide Sales</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2021-06-01</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>1964</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>47.94</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>305218</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.001 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>30000</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Held by James O'Boyle 2014 Family Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents shares of Common Stock sold by the Company's plan administrator on the reporting person's behalf to cover taxes due upon vesting of certain shares under the Varonis Systems, Inc. 2013 Omnibus Equity Incentive Plan.</footnote>
        <footnote id="F2">On February 26, 2021, the Issuer announced a three-for-one stock split of the Issuer's Common Stock pursuant to which each stockholder of record at the close of business on March 11, 2021 received two additional shares of Common Stock for each then held share (the &quot;Stock Split&quot;). The amount of securities reported on this Form 4 has been adjusted to reflect the Stock Split.</footnote>
    </footnotes>

    <remarks>Exhibit 24 Power of Attorney (filed herewith).</remarks>

    <ownerSignature>
        <signatureName>/s/ Ofer Margalit as attorney-in-fact</signatureName>
        <signatureDate>2021-06-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>exh_24.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
<html>
<head>
     <title></title>
</head>
<body style="font: 10pt Times New Roman, Times, Serif">

<p style="text-align: right; margin: 0"><b>Exhibit 24</b></p>

<p style="margin: 0">&nbsp;</p>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<p style="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt">POWER OF ATTORNEY</p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><b>&nbsp;</b></p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">Know all by these presents that the undersigned, does hereby make, constitute
and appoint each of Guy Melamed, Dov Gottlieb, Amir Nitsav and Ofer Margalit, or any one of them, as a true and lawful attorney-in-fact
of the undersigned with full powers of substitution and revocation, for and in the name, place and stead of the undersigned (in the undersigned's
individual capacity), to execute and deliver such forms that the undersigned may be required to file with the U.S. Securities and Exchange
Commission as a result of the undersigned's ownership of or transactions in securities of Varonis Systems, Inc. (the &quot;Company&quot;)
(i) pursuant to Section 16(a) of the Securities Exchange Act of 1934, as amended, including without limitation, statements on Form 3,
Form 4 and Form 5 (including any amendments thereto) and (ii) in connection with any applications for EDGAR access codes or any other
documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic filings with the Securities
and Exchange Commission, including without limitation the Form ID. The Power of Attorney shall remain in full force and effect until
the undersigned is no longer required to file Forms 3, 4 and 5 with regard to his or her ownership of or transactions in securities of
the Company, unless earlier revoked in writing. Guy Melamed, Dov Gottlieb, Amir Nitsav and Ofer Margalit are not assuming any of the
undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934, as amended.</p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</p>

<p style="margin-left: 300pt; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">By: <u>/s/ James O&rsquo;Boyle</u></p>

<p style="margin-left: 300pt; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">Name: James O&rsquo;Boyle</p>

<p style="margin-left: 300pt; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">Date: June 2, 2021</p>

<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</p>

<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</p>

<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</p>

<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</p>

</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
