---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-000870"
form_type: "8-K"
ticker: "VRNS"
cik: "0001361113"
company_name: "VARONIS SYSTEMS INC"
filed_at: "2025-02-14T23:59:59+00:00"
generated_at: "2026-05-26T19:31:52.668183+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Varonis elects physical settlement for 1.250% convertible notes due 2025

## Summary
- On Feb 14, 2025, Varonis notified trustee and holders it changed default settlement method to Physical Settlement.
- All future conversions of the 1.250% Convertible Senior Notes due 2025 will be settled only with shares of common stock.
- Notice given under the Indenture dated May 11, 2020 between Varonis and U.S. Bank National Association as Trustee.

## SEC filing metadata
- accession: 0001171843-25-000870
- form_type: 8-K
- ticker: VRNS
- cik: 0001361113
- company_name: VARONIS SYSTEMS INC
- filed_at: 2025-02-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361113/000117184325000870/0001171843-25-000870-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361113/000117184325000870/f8k_021425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-000870
- JSON: https://secwatch.observer/filing/0001171843-25-000870.json
- Plain text: https://secwatch.observer/filing/0001171843-25-000870.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.