CONSTELLATION SOFTWARE INC

Ticker: CNSWF CUSIP: 21037X100 Class: Common Stock

BW Gestao de Investimentos Ltda.'s Holding History (CIK: 0001568280)

Note: Option positions (PUT/CALL) are excluded.

Q4 2021

Shares 500 Value ($000) $1,173 Avg Close $1733.43 Range $1600.68 - $1865.70

Q3 2021

Shares 1,000 Value ($000) $2,075 Avg Close $1622.67 Range $1468.69 - $1827.59

Q2 2021

Shares 400 Value ($000) $605,714 Avg Close $1463.43 Range $1374.24 - $1589.16

Q1 2021

Shares 400 Value ($000) $702,016 Avg Close $1304.21 Range $1189.60 - $1605.34

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2021	500	$1,173	$1733.43	$1600.68 - $1865.70
Q3 2021	1,000	$2,075	$1622.67	$1468.69 - $1827.59
Q2 2021	400	$605,714	$1463.43	$1374.24 - $1589.16
Q1 2021	400	$702,016	$1304.21	$1189.60 - $1605.34