VARONIS SYS INC

Ticker: VRNS CUSIP: 922280102 Class: Common Stock

STATE OF WISCONSIN INVESTMENT BOARD's Holding History (CIK: 0000854157)

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

Q4 2025

Shares 205,271 Value ($000) $6,733 Avg Close $41.98 Range $30.02 - $63.90

Q3 2025

Shares 234,276 Value ($000) $13,464 Avg Close $55.48 Range $49.18 - $60.30

Q2 2025

Shares 239,302 Value ($000) $12,145 Avg Close $45.47 Range $36.53 - $51.27

Q1 2025

Shares 250,678 Value ($000) $10,140 Avg Close $43.01 Range $39.10 - $47.00

Q4 2024

Shares 248,180 Value ($000) $11,027 Avg Close $52.01 Range $43.61 - $60.58

Q3 2024

Shares 244,511 Value ($000) $13,815 Avg Close $52.58 Range $45.30 - $58.32

Q2 2024

Shares 246,172 Value ($000) $11,809 Avg Close $44.29 Range $41.13 - $48.24

Q1 2024

Shares 242,941 Value ($000) $11,460 Avg Close $47.62 Range $42.26 - $52.88

Q4 2023

Shares 260,270 Value ($000) $11,785 Avg Close $37.62 Range $29.47 - $45.81

Q3 2023

Shares 228,828 Value ($000) $6,988 Avg Close $29.53 Range $25.55 - $32.64

Q2 2023

Shares 273,594 Value ($000) $7,291 Avg Close $24.97 Range $22.34 - $27.49

Q1 2023

Shares 277,770 Value ($000) $7,225 Avg Close $26.07 Range $22.01 - $29.99

Q4 2022

Shares 311,900 Value ($000) $7,467 Avg Close $22.85 Range $15.61 - $28.59

Q3 2022

Shares 278,721 Value ($000) $7,392 Avg Close $28.53 Range $24.58 - $32.82

Q2 2022

Shares 250,019 Value ($000) $7,331 Avg Close $37.17 Range $27.97 - $51.60

Q1 2022

Shares 313,117 Value ($000) $14,886 Avg Close $40.97 Range $32.11 - $49.32

Q4 2021

Shares 293,383 Value ($000) $14,311 Avg Close $56.95 Range $44.78 - $67.76

Q3 2021

Shares 307,439 Value ($000) $18,708 Avg Close $62.69 Range $55.05 - $73.46

Q2 2021

Shares 283,774 Value ($000) $16,351 Avg Close $52.06 Range $42.74 - $60.63

Q1 2021

Shares 256,472 Value ($000) $13,167 Avg Close $59.29 Range $48.66 - $75.33

Q4 2020

Shares 46,700 Value ($000) $7,641 Avg Close $43.40 Range $37.39 - $60.00

Q3 2020

Shares 53,300 Value ($000) $6,152 Avg Close $37.28 Range $30.76 - $42.46

Q2 2017

Shares 192,000 Value ($000) $7,142 Avg Close $11.46 Range $8.78 - $12.63

Q1 2017

Shares 115,000 Value ($000) $3,657 Avg Close $9.57 Range $8.40 - $10.60

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	205,271	$6,733	$41.98	$30.02 - $63.90
Q3 2025	234,276	$13,464	$55.48	$49.18 - $60.30
Q2 2025	239,302	$12,145	$45.47	$36.53 - $51.27
Q1 2025	250,678	$10,140	$43.01	$39.10 - $47.00
Q4 2024	248,180	$11,027	$52.01	$43.61 - $60.58
Q3 2024	244,511	$13,815	$52.58	$45.30 - $58.32
Q2 2024	246,172	$11,809	$44.29	$41.13 - $48.24
Q1 2024	242,941	$11,460	$47.62	$42.26 - $52.88
Q4 2023	260,270	$11,785	$37.62	$29.47 - $45.81
Q3 2023	228,828	$6,988	$29.53	$25.55 - $32.64
Q2 2023	273,594	$7,291	$24.97	$22.34 - $27.49
Q1 2023	277,770	$7,225	$26.07	$22.01 - $29.99
Q4 2022	311,900	$7,467	$22.85	$15.61 - $28.59
Q3 2022	278,721	$7,392	$28.53	$24.58 - $32.82
Q2 2022	250,019	$7,331	$37.17	$27.97 - $51.60
Q1 2022	313,117	$14,886	$40.97	$32.11 - $49.32
Q4 2021	293,383	$14,311	$56.95	$44.78 - $67.76
Q3 2021	307,439	$18,708	$62.69	$55.05 - $73.46
Q2 2021	283,774	$16,351	$52.06	$42.74 - $60.63
Q1 2021	256,472	$13,167	$59.29	$48.66 - $75.33
Q4 2020	46,700	$7,641	$43.40	$37.39 - $60.00
Q3 2020	53,300	$6,152	$37.28	$30.76 - $42.46
Q2 2017	192,000	$7,142	$11.46	$8.78 - $12.63
Q1 2017	115,000	$3,657	$9.57	$8.40 - $10.60