SCHEDULE: Vanguard Group Reports 0% Stake in Varonis Systems

The Vanguard Group has filed an amended Schedule 13G, reporting a 0% beneficial ownership in Varonis Systems Inc. following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 8 to Schedule 13G for Varonis Systems Inc. Common Stock (CUSIP: 922280102).
• The filing reports 0% beneficial ownership of Varonis Systems Inc. Common Stock by The Vanguard Group.
• This change is attributed to an internal realignment at The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated subsidiaries and/or business divisions.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Varonis Systems Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It represents a technical reporting adjustment by The Vanguard Group due to an internal realignment, rather than a change in investment thesis regarding Varonis Systems Inc.

Industry Context

StockSavvy.ai notes that institutional investors like The Vanguard Group frequently adjust their reported beneficial ownership due to internal reorganizations or changes in reporting methodologies, rather than a fundamental shift in investment strategy regarding the underlying company. This realignment reflects a technical change in how Vanguard's various entities report their holdings, aligning with SEC guidance on disaggregated reporting.

Stakeholder Impact

• Shareholders of Varonis Systems Inc. should note that this filing indicates a technical change in how Vanguard reports its holdings, not necessarily a divestment of underlying shares by Vanguard-managed funds. The actual investment exposure of Vanguard's clients to Varonis Systems Inc. may remain unchanged, simply reported through different entities.

Key Dates

Recommendation

This filing is a technical amendment reflecting an internal organizational change at The Vanguard Group, not a strategic investment decision regarding Varonis Systems Inc. As such, it provides no new fundamental information to warrant a change in investment recommendation for Varonis Systems Inc. A 'hold' recommendation is appropriate as the filing does not impact the underlying investment thesis.

Keywords

Varonis Systems Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Ownership, SEC Filing, Investment Management