Director Avrohom J. Kess buys $396,762 of Varonis Systems Inc (VRNS)

Avrohom J. Kess, director of Varonis Systems Inc, bought 17,800 shares on the open market on February 6, 2026 at an average of $22.29 a share, for a total of $396,762. The purchase was reported to the SEC on Form 4 on February 10, 2026.

It raised their holding by 56%, to 49,403 shares.

The purchase came after a fall: Varonis Systems Inc stock was down 24.7% over the 13 weeks before.

3 other insiders also bought at least $10,000 of VRNS within 30 days, which makes this a cluster buy.

In the 12 months up to this filing, Varonis Systems Inc insiders reported 4 open-market purchases and 0 sales.

WallStPal Score: 63 out of 100, because of raised their holding by 56%; 3 other insiders also bought; the stock had fallen 24.7% in the 13 weeks before.

What happened next: after 1 month the stock was down 2.6% (1.7 points worse than the S&P 500); after 6 months the stock was up 94.3% (86.3 points better than the S&P 500). Based on weekly prices from the week of the purchase.

Our read

It is one of 4 insider purchases at VRNS in the past year, the first open-market purchase by Avrohom J. Kess in our records, made after a 24.7% fall in 13 weeks, a setup where insider buying has historically mattered most. Insiders buy for many reasons and can be wrong; one purchase is a reason to look closer, not a reason to buy.

Source: SEC Form 4 filing ↗. This story was written automatically from the filing and weekly price data. Information, not investment advice.

Examples

Big insider purchases have made news before. In January 2016, with bank stocks falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares, about $26 million of his own money, and the purchase was widely reported as a sign of confidence.

Explain it like I'm 13

Avrohom J. Kess helps run Varonis Systems Inc. Spending $396,762 of their own money on the company's stock is like a coach buying a big stack of tickets to their own team's games: it suggests they think the team will do well. It is not a promise, and insiders can be wrong.

More: all VRNS insider trades · Avrohom J. Kess's track record