VARONIS SYS INC

Ticker: VRNS CUSIP: 922280102 Class: Common Stock

MAKENA CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001359262)

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

Q4 2020

Shares 39,271 Value ($000) $6,425 Avg Close $43.40 Range $37.39 - $60.00

Q3 2020

Shares 36,242 Value ($000) $4,183 Avg Close $37.28 Range $30.76 - $42.46

Q2 2020

Shares 43,542 Value ($000) $3,853 Avg Close $25.01 Range $17.21 - $31.11

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2020	39,271	$6,425	$43.40	$37.39 - $60.00
Q3 2020	36,242	$4,183	$37.28	$30.76 - $42.46
Q2 2020	43,542	$3,853	$25.01	$17.21 - $31.11