Employee Stock Purchase Plan (ESPP)

The Varonis employee stock purchase plan (ESPP) allows employees the opportunity to become company shareholders at a discount and to have a personal stake in the long-term success of Varonis. 

Varonis has selected Morgan Stanley to support our ESPP, and they are providing a dedicated support team as well as their StockPlan Connect website. 

Eligible employees must elect to participate in the plan by enrolling https://www.stockplanconnect.com/

Enrollment and Offering Period 

• The Enrollment Period when you can elect to participate is no more than 15 days prior to the start of an Offering Period.
• The Offering Periods during which contributions are accumulated are every 6 months: September 1 – February 28 & March 1 – August 3

Contribution Rate 

• Elect a contribution rate between 1% and 15% of your total cash compensation (base salary only – not including annual bonus or commission

How Does it Work? 

• Payroll contributions accumulate throughout the Offering Period
• Shares are purchased at the end of each Offering Period and deposited in your StockPlan Connect account.
  • Shares are purchased at a 15% discount from the Varonis Closing Stock Price on the Offering Period start date or the end date, whichever price is lower
• Once purchased, you can sell the shares subject to the Varonis open trading windows and Insider Trading Policy
• You are automatically enrolled in the next Offering Period until you choose to withdraw from the plan