FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Faitelson Yakov
  2. Issuer Name and Ticker or Trading Symbol
VARONIS SYSTEMS INC [VRNS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO, President, Chairman
(Last)
(First)
(Middle)
C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 28TH FLOOR		 3. Date of Earliest Transaction (Month/Day/Year)
05/09/2024
(Street)

NEW YORK, NY 10001		 4. If Amendment, Date Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 		7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.001 per share 05/09/2024   M   71,415 (1) A $ 7 1,436,005 D  
Common Stock, par value $0.001 per share 05/09/2024   M   4,374 (1) A $ 9.96 1,440,379 D  
Common Stock, par value $0.001 per share 05/09/2024   M   12,543 (1) A $ 5.6233 1,452,922 D  
Common Stock, par value $0.001 per share 05/09/2024   M   183,585 (2) A $ 7 1,636,507 D  
Common Stock, par value $0.001 per share 05/09/2024   M   100,626 (2) A $ 9.96 1,737,133 D  
Common Stock, par value $0.001 per share 05/09/2024   S   284,211 (2) D $ 45.2321 (2) 1,452,922 D  
Common Stock, par value $0.001 per share 05/10/2024   M   47,457 (2) A $ 5.6233 1,500,379 D  
Common Stock, par value $0.001 per share 05/10/2024   S   47,457 (2) D $ 44.5342 (2) 1,452,922 D  
Common Stock, par value $0.001 per share               4,941 I By Spouse
Common Stock, par value $0.001 per share               253,384 I By Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 		6. Date Exercisable and Expiration Date
(Month/Day/Year) 		7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 		10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 		11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 7 05/09/2024   M     71,415   (1)(3) 08/04/2024 Common Stock 71,415 $ 0 183,585 D  
Stock Option (right to buy) $ 9.96 05/09/2024   M     4,374   (1)(3) 02/17/2025 Common Stock 4,374 $ 0 100,626 D  
Stock Option (right to buy) $ 5.6233 05/09/2024   M     12,543   (1)(3) 02/14/2026 Common Stock 12,543 $ 0 47,457 D  
Stock Option (right to buy) $ 7 05/09/2024   M     183,585   (2)(3) 08/04/2024 Common Stock 183,585 $ 0 0 D  
Stock Option (right to buy) $ 9.96 05/09/2024   M     100,626   (2)(3) 02/17/2025 Common Stock 100,626 $ 0 0 D  
Stock Option (right to buy) $ 5.6233 05/10/2024   M     47,457   (2)(3) 02/14/2026 Common Stock 47,457 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Faitelson Yakov
C/O VARONIS SYSTEMS, INC.
1250 BROADWAY, 28TH FLOOR
NEW YORK, NY 10001		   X     CEO, President, Chairman  

Signatures

 /s/ Dov Gottlieb as attorney-in-fact   05/10/2024
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reporting person acquired these shares by the exercise of incentive stock options, certain of which have upcoming expiration dates in August 2024 and February 2025. These shares have not been sold by the reporting person.
(2) The reporting person acquired these shares by the exercise of non-qualifying stock options, certain of which have upcoming expiration dates in August 2024 and February 2025. The reporting person then sold such shares in multiple transactions on May 9, 2024 and May 10, 2024, at prices ranging from $44.75 to $45.62 on May 9, 2024 and $44.28 to $45.18 on May 10, 2024 (with the prices reported for such sales in Column 4 representing a weighted average price).
(3) The stock options vested and became exercisable over various vesting schedules reported on the reporting person's prior Form 4s, becoming fully exercisable on the following dates: with respect to the stock options with a $7.00 exercise price, August 7, 2018; with respect to the stock options with a $9.96 exercise price, March 20, 2020; and with respect to the stock options with a $5.6233 exercise price, March 17, 2021.
 
Remarks:
The reporting person undertakes to provide to Varonis Systems, Inc., any security holder of Varonis Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2.

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