DAN BODNER - 25 Apr 2022 Form 4 Insider Report for VERINT SYSTEMS INC (VRNT)

Role
Chairman & CEO, Director
Signature
/s/ Peter D. Fante, as Attorney-in-Fact for Dan Bodner
Issuer symbol
VRNT
Transactions as of
25 Apr 2022
Net transactions value
-$267,387
Form type
4
Filing time
15 Apr 2025, 17:24:43 UTC
Previous filing
13 Apr 2022
Next filing
14 Jun 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 +11,557 +2.5% $0.000000 481,408 12 Apr 2025 Direct F1, F2
transaction VRNT Common Stock Options Exercise $0 +21,425 +4.5% $0.000000 502,833 12 Apr 2025 Direct F2, F3
transaction VRNT Common Stock Tax liability $93,692 -5,900 -1.2% $15.88 496,933 12 Apr 2025 Direct F1, F2, F4
transaction VRNT Common Stock Tax liability $173,695 -10,938 -2.2% $15.88 485,995 12 Apr 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 +11,557 11,557 25 Apr 2022 Common Stock 11,557 Direct F1, F5
transaction VRNT Restricted Stock Units Award +40,605 +351% 52,162 20 Apr 2023 Common Stock 40,605 Direct F6, F7
transaction VRNT Restricted Stock Units Award +107,128 +205% 159,290 22 Apr 2024 Common Stock 107,128 Direct F3, F8
transaction VRNT Restricted Stock Units Options Exercise -11,557 -7.3% 147,733 12 Apr 2025 Common Stock 11,557 Direct F1
transaction VRNT Restricted Stock Units Options Exercise -21,425 -15% 126,308 12 Apr 2025 Common Stock 21,425 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 11,557 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 11,557 RSUs vested on April 12, 2025.
F2 The reporting person's number of shares of common stock owned was previously overstated by 159,290 shares due to a number of RSUs that should have been reported in 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 107,128 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. 21,425 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 40,605 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.