Elan Moriah - Apr 25, 2022 Form 4 Insider Report for VERINT SYSTEMS INC (VRNT)

Role
President
Signature
/s/ Peter D. Fante, as Attorney in Fact for Elan Moriah
Stock symbol
VRNT
Transactions as of
Apr 25, 2022
Transactions value $
-$79,845
Form type
4
Date filed
4/15/2025, 05:07 PM
Previous filing
Apr 13, 2022
Next filing
Jun 14, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRNT Common Stock Options Exercise $0 +4.5K +10.07% $0.00 49.2K Apr 12, 2025 Direct F1, F2
transaction VRNT Common Stock Options Exercise $0 +9.44K +19.2% $0.00 58.6K Apr 12, 2025 Direct F2, F3
transaction VRNT Common Stock Tax liability -$25.8K -1.62K -2.77% $15.88 57K Apr 12, 2025 Direct F1, F2, F4
transaction VRNT Common Stock Tax liability -$54.1K -3.41K -5.97% $15.88 53.6K Apr 12, 2025 Direct F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VRNT Restricted Stock Units Award +4.5K 4.5K Apr 25, 2022 Common Stock 4.5K Direct F1, F5
transaction VRNT Restricted Stock Units Award +15.8K +350% 20.3K Apr 20, 2023 Common Stock 15.8K Direct F6, F7
transaction VRNT Restricted Stock Units Award +47.2K +233.2% 67.5K Apr 22, 2024 Common Stock 47.2K Direct F3, F8
transaction VRNT Restricted Stock Units Options Exercise -4.5K -6.67% 63K Apr 12, 2025 Common Stock 4.5K Direct F1
transaction VRNT Restricted Stock Units Options Exercise -9.44K -15% 53.5K Apr 12, 2025 Common Stock 9.44K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 25, 2022, the reporting person was granted 4,500 restricted stock units ("RSUs") subject to time vesting. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. All 4,500 RSUs vested on April 12, 2025.
F2 The reporting person's number of shares of common stock owned was previously overstated by 67,472 shares due to a number of RSUs that should have been reported on Table II instead of Table I on the reporting person's Forms 4 filed on April 27, 2022, April 24, 2023, and April 23, 2024.
F3 On April 22, 2024, the reporting person was granted 47,222 RSUs subject to time vesting. Such RSUs vest in five equal installments on April 12, 2025, September 12, 2025, April 12, 2026, September 12, 2026, and April 12, 2027. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting. 9,444 of these RSUs vested on April 12, 2025.
F4 Shares withheld to satisfy tax withholding obligation arising upon vesting of RSUs.
F5 These RSUs were incorrectly disclosed in Table I on the reporting person's Form 4 filed on April 27, 2022.
F6 On April 20, 2023, the reporting person was granted 15,750 RSUs subject to time vesting. Such RSUs vest in three equal installments on June 15, 2025, December 15, 2025, and June 15, 2026. Each RSU represents a right to receive one share of the common stock of the issuer and/or cash upon vesting.
F7 These RSUs were incorrectly disclosed in Table I on the reporting person's Form 4 filed on April 24, 2023.
F8 These RSUs were incorrectly disclosed in Table I on the reporting person's Form 4 filed on April 23, 2024.