VARONIS SYSTEMS INC — Form 8-K
Filed October 15, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 92/100
What the filing says
Proofpoint, Inc. agreed to acquire Varonis Systems, Inc. in an all-cash merger with merger consideration of $49.75 per share, valuing the company at approximately $5.73 billion based on 115.3 million shares outstanding as of October 6, 2026. The merger is supported by Thoma Bravo funds' equity commitment and debt financing commitments. The transaction is subject to customary closing conditions including regulatory approvals under antitrust laws, and is expected to close during the Marketing Period or by the third business day thereafter.
Why this rating
Transformational M&A at ~$5.7B enterprise value representing full company acquisition. Material upside to equity holders at $49.75/share. Highly significant relative to company size and business trajectory.
Tradability signal
NO TRADE
No trade: positive news with only +0.1% moved so far — good news prices in within seconds and long-side continuation has shown no measured edge (this cell: -2.89% over 4 hrs, n=11). (Filing arrived outside market hours — evaluated at the next open with a live quote.)
Derived from this site's own measured outcomes + live price/liquidity at analysis time. An experiment, not investment advice.
Price action (we called it positive)
before filing · preread $48.61 ▼ 0.10% | at our read · unknown $48.66 | +10 min · unknown $48.63 ▼ 0.06% | +30 min · unknown $48.63 ▼ 0.05% | +1 hr · unknown $48.63 ▼ 0.05% | +4 hrs · unknown $48.67 ▲ 0.02% |
The stock had already moved +0.10% between hitting EDGAR and our read finishing — deltas above are measured from our read.
Quotes via Yahoo Finance at capture time; for filings arriving outside market hours the clock starts at the next open. Not investment advice. How accurate are our calls? →
See more from October 15, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.