---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-077377"
form_type: "8-K"
ticker: "VRNS"
cik: "0001361113"
company_name: "VARONIS SYSTEMS INC"
filed_at: "2024-09-10T23:59:59+00:00"
generated_at: "2026-05-31T05:36:24.738360+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Varonis issues $460M of 1.00% convertible notes due 2029; net proceeds $449.6M

## Summary
- $460M aggregate principal of 1.00% Convertible Senior Notes due Sept 2029; initial conversion price $67.83 per share.
- Net proceeds ~$449.6M after discounts; $55.5M used to pay cost of capped call transactions to reduce dilution.
- Proceeds for working capital and general corporate purposes, including R&D, capex, and potential acquisitions.
- Notes are unsecured, rank equal with existing 1.25% convertible notes due 2025; redeemable after Sept 2027 if stock >=130% of conversion price.

## SEC filing metadata
- accession: 0001213900-24-077377
- form_type: 8-K
- ticker: VRNS
- cik: 0001361113
- company_name: VARONIS SYSTEMS INC
- filed_at: 2024-09-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361113/000121390024077377/0001213900-24-077377-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361113/000121390024077377/ea0214060-8k_varonis.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-077377
- JSON: https://secwatch.observer/filing/0001213900-24-077377.json
- Plain text: https://secwatch.observer/filing/0001213900-24-077377.txt

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