ATTENTION: VRNS INVESTORS: Contact Berger Montague About a Varonis Systems, Inc. Class Action Lawsuit

Group 1 - A class action lawsuit has been filed against Varonis Systems, Inc. on behalf of investors who acquired Varonis securities between February 4, 2025, and October 28, 2025 [1][3] - The lawsuit alleges that Varonis and its executives misled investors regarding the company's ability to convert its existing customer base, leading to reduced annual recurring revenue (ARR) growth potential [3][4] - On October 28, 2025, Varonis disclosed a significant ARR miss and reduced its guidance for the full fiscal year 2025, attributing this to weaker than expected renewals and conversions in its subscription business [4][5] Group 2 - Following the announcement of disappointing financial results, Varonis' stock price fell from $63.00 per share to $32.34 per share, a decline of over 48% in one day [5] - Varonis is a global security company that offers software products utilizing AI-powered technologies to detect advanced security threats [2]