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        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001967787</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0001598110</issuerCik>
            <issuerName>CYBERARK SOFTWARE LTD SHS</issuerName>
            <secFileNumber>001-36625</secFileNumber>
            <issuerAddress>
                <ns2:street1>9 Hapsagot St</ns2:street1>
                <ns2:city>Petach Tikva  </ns2:city>
                <ns2:stateOrCountry>L3</ns2:stateOrCountry>
                <ns2:zipCode>4951040</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>97239180000</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>GAD YISHAYAHU TIROSH</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>COMMON</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>38th Fl.</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>3200</noOfUnitsSold>
            <aggregateMarketValue>843872.00</aggregateMarketValue>
            <noOfUnitsOutstanding>41028571</noOfUnitsOutstanding>
            <approxSaleDate>02/15/2024</approxSaleDate>
            <securitiesExchangeName>NASDAQ</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>02/15/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Exercise of Stock Options</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>1600</amountOfSecuritiesAcquired>
            <paymentDate>02/15/2024</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>11/15/2017</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted Stock Units</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>1600</amountOfSecuritiesAcquired>
            <paymentDate>11/15/2017</paymentDate>
            <natureOfPayment>N/A</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <remarks>The securities to be sold were acquired upon the vesting of restricted stock units during the period of 11/15/2017 through 08/15/2018.
</remarks>
        <noticeSignature>
            <noticeDate>02/15/2024</noticeDate>
            <planAdoptionDates>
                <planAdoptionDate>11/16/2023</planAdoptionDate>
            </planAdoptionDates>
            <signature>/s/ Gad Yishayahu Tirosh</signature>
        </noticeSignature>
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144
0001967787
XXXXXXXX
LIVE
0001598110
CYBERARK SOFTWARE LTD SHS
001-36625
9 Hapsagot St
Petach Tikva
L3
4951040
97239180000
GAD YISHAYAHU TIROSH
Officer
COMMON
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
38th Fl.
New York
NY
10004
3200
843872.00
41028571
02/15/2024
NASDAQ
Common
02/15/2024
Exercise of Stock Options
Issuer
N
1600
02/15/2024
Cash
Common
11/15/2017
Restricted Stock Units
Issuer
N
1600
11/15/2017
N/A
Y
The securities to be sold were acquired upon the vesting of restricted stock units during the period of 11/15/2017 through 08/15/2018.
02/15/2024
11/16/2023
/s/ Gad Yishayahu Tirosh