<SEC-DOCUMENT>0001213900-22-011946.txt : 20220311
<SEC-HEADER>0001213900-22-011946.hdr.sgml : 20220311
<ACCEPTANCE-DATETIME>20220311194616
ACCESSION NUMBER:		0001213900-22-011946
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220203
FILED AS OF DATE:		20220311
DATE AS OF CHANGE:		20220311

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Raz Gilad
		CENTRAL INDEX KEY:			0001758114

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36324
		FILM NUMBER:		22734773

	MAIL ADDRESS:	
		STREET 1:		1250 BROADWAY
		STREET 2:		29TH 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/A
<SEQUENCE>1
<FILENAME>ownership.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2022-02-03</periodOfReport>

    <dateOfOriginalSubmission>2022-02-07</dateOfOriginalSubmission>

    <notSubjectToSection16>1</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001758114</rptOwnerCik>
            <rptOwnerName>Raz Gilad</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>CIO &amp; VP of Technical Services</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2022-02-03</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>57897</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>248656</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents shares earned by the reporting person for no consideration under certain performance-vesting restricted stock units (the &quot;2021 PSUs&quot;), which were granted to the reporting person pursuant to the Issuer's 2013 Omnibus Equity Incentive Plan. The 2021 PSUs were earned subject to the satisfaction of certain annual recurring revenues goals for the 2021 fiscal year, the performance of which was certified by the Issuer's compensation committee on February 3, 2022. Such PSUs vested or will vest, and an equal number of shares of common stock became or will be deliverable to the reporting person, in three equal annual installments upon the last calendar day of the month of February beginning on February 28, 2022, subject to the reporting person's continued employment through such date.</footnote>
    </footnotes>

    <remarks>On February 3, 2022, in connection with a change in the reporting structure of the Issuer, the reporting person ceased to be an executive officer of the Issuer. The reporting person remains employed by the Issuer and holds the same title as he held previously. The original Form 4, filed on February 7, 2022, is being amended to correct the number of shares underlying the 2021 PSUs earned by the reporting person on February 3, 2022, which was incorrectly reported due to clerical error. No changes have been made to the 2021 PSUs or the calculation of their payout. This amendment also reflects the correct number of shares beneficially owned immediately following the reported transactions on February 7, 2022.</remarks>

    <ownerSignature>
        <signatureName>/s/ Dov Gottlieb, as attorney-in-fact</signatureName>
        <signatureDate>2022-03-11</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
