VARONIS SYS INC

Ticker: VRNS CUSIP: 922280102 Class: Common Stock

HBK INVESTMENTS L P's Holding History (CIK: 0001011443)

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

Q4 2018

Shares 22,880 Value ($000) $1,210 Avg Close $19.73 Range $16.29 - $24.57

Q3 2018

Shares 21,000 Value ($000) $1,538 Avg Close $24.28 Range $17.88 - $27.33

Q2 2018

Shares 11,000 Value ($000) $820 Avg Close $23.97 Range $19.58 - $27.70

Q1 2018

Shares 14,852 Value ($000) $899 Avg Close $18.52 Range $15.95 - $21.17

Q4 2017

Shares 31,667 Value ($000) $1,537 Avg Close $15.69 Range $13.83 - $17.87

Q3 2017

Shares 31,039 Value ($000) $1,301 Avg Close $12.91 Range $11.82 - $14.35

Q2 2017

Shares 32,900 Value ($000) $1,224 Avg Close $11.46 Range $8.78 - $12.63

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	22,880	$1,210	$19.73	$16.29 - $24.57
Q3 2018	21,000	$1,538	$24.28	$17.88 - $27.33
Q2 2018	11,000	$820	$23.97	$19.58 - $27.70
Q1 2018	14,852	$899	$18.52	$15.95 - $21.17
Q4 2017	31,667	$1,537	$15.69	$13.83 - $17.87
Q3 2017	31,039	$1,301	$12.91	$11.82 - $14.35
Q2 2017	32,900	$1,224	$11.46	$8.78 - $12.63