CFO/COO Melamed Guy sold 10,400 shares of VRNS at $59.53 on 2025-08-22; stock now at $57.39, unprofitable company with recent pattern of well-timed sells.
Melamed Guy, CFO and COO, sold 10,400 shares at $59.53, reducing his VRNS holdings to 417,497 shares. The sale occurred near the 52-week high of $59.98 and the stock has since declined -4.3%, trading at $57.39. Across his prior five trades at VRNS, Melamed has demonstrated strong timing discipline: 3 of 3 prior measurable sales yielded negative 90-day returns (-12.0%, -13.2%, -20.2%), and his cross-ticker track record shows a 100.00% well-timed rate on 7 prior sells. The sale is noteworthy given Varonis' unprofitable status (full-year net income negative, latest quarter showing $-35.8M net income) despite +10.4% annual revenue growth, suggesting the CFO may be responding to margin pressures or profitability concerns.