VARONIS SYS INC

Ticker: VRNS CUSIP: 922280102 Class: Common Stock

Arizona State Retirement System's Holding History (CIK: 0001558481)

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

Q4 2025

Shares 30,812 Value ($000) $1,011 Avg Close $41.98 Range $30.02 - $63.90

Q3 2025

Shares 33,114 Value ($000) $1,903 Avg Close $55.48 Range $49.18 - $60.30

Q2 2025

Shares 32,827 Value ($000) $1,666 Avg Close $45.47 Range $36.53 - $51.27

Q1 2025

Shares 32,224 Value ($000) $1,303 Avg Close $43.01 Range $39.10 - $47.00

Q4 2024

Shares 32,531 Value ($000) $1,445 Avg Close $52.01 Range $43.61 - $60.58

Q3 2024

Shares 32,106 Value ($000) $1,814 Avg Close $52.58 Range $45.30 - $58.32

Q2 2024

Shares 30,543 Value ($000) $1,465 Avg Close $44.29 Range $41.13 - $48.24

Q1 2024

Shares 29,943 Value ($000) $1,412 Avg Close $47.62 Range $42.26 - $52.88

Q4 2023

Shares 30,652 Value ($000) $1,388 Avg Close $37.62 Range $29.47 - $45.81

Q3 2023

Shares 31,238 Value ($000) $954 Avg Close $29.53 Range $25.55 - $32.64

Q2 2023

Shares 30,227 Value ($000) $806 Avg Close $24.97 Range $22.34 - $27.49

Q1 2023

Shares 31,936 Value ($000) $831 Avg Close $26.07 Range $22.01 - $29.99

Q4 2022

Shares 31,008 Value ($000) $742 Avg Close $22.85 Range $15.61 - $28.59

Q3 2022

Shares 29,775 Value ($000) $790 Avg Close $28.53 Range $24.58 - $32.82

Q2 2022

Shares 29,136 Value ($000) $854 Avg Close $37.17 Range $27.97 - $51.60

Q1 2022

Shares 29,011 Value ($000) $1,379 Avg Close $40.97 Range $32.11 - $49.32

Q4 2021

Shares 28,776 Value ($000) $1,404 Avg Close $56.95 Range $44.78 - $67.76

Q3 2021

Shares 28,915 Value ($000) $1,759 Avg Close $62.69 Range $55.05 - $73.46

Q2 2021

Shares 28,123 Value ($000) $1,620 Avg Close $52.06 Range $42.74 - $60.63

Q1 2021

Shares 27,708 Value ($000) $1,423 Avg Close $59.29 Range $48.66 - $75.33

Q4 2020

Shares 9,150 Value ($000) $1,497 Avg Close $43.40 Range $37.39 - $60.00

Q3 2020

Shares 9,495 Value ($000) $1,096 Avg Close $37.28 Range $30.76 - $42.46

Q2 2020

Shares 6,909 Value ($000) $611 Avg Close $25.01 Range $17.21 - $31.11

Q1 2020

Shares 7,157 Value ($000) $456 Avg Close $26.19 Range $16.32 - $31.08

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	30,812	$1,011	$41.98	$30.02 - $63.90
Q3 2025	33,114	$1,903	$55.48	$49.18 - $60.30
Q2 2025	32,827	$1,666	$45.47	$36.53 - $51.27
Q1 2025	32,224	$1,303	$43.01	$39.10 - $47.00
Q4 2024	32,531	$1,445	$52.01	$43.61 - $60.58
Q3 2024	32,106	$1,814	$52.58	$45.30 - $58.32
Q2 2024	30,543	$1,465	$44.29	$41.13 - $48.24
Q1 2024	29,943	$1,412	$47.62	$42.26 - $52.88
Q4 2023	30,652	$1,388	$37.62	$29.47 - $45.81
Q3 2023	31,238	$954	$29.53	$25.55 - $32.64
Q2 2023	30,227	$806	$24.97	$22.34 - $27.49
Q1 2023	31,936	$831	$26.07	$22.01 - $29.99
Q4 2022	31,008	$742	$22.85	$15.61 - $28.59
Q3 2022	29,775	$790	$28.53	$24.58 - $32.82
Q2 2022	29,136	$854	$37.17	$27.97 - $51.60
Q1 2022	29,011	$1,379	$40.97	$32.11 - $49.32
Q4 2021	28,776	$1,404	$56.95	$44.78 - $67.76
Q3 2021	28,915	$1,759	$62.69	$55.05 - $73.46
Q2 2021	28,123	$1,620	$52.06	$42.74 - $60.63
Q1 2021	27,708	$1,423	$59.29	$48.66 - $75.33
Q4 2020	9,150	$1,497	$43.40	$37.39 - $60.00
Q3 2020	9,495	$1,096	$37.28	$30.76 - $42.46
Q2 2020	6,909	$611	$25.01	$17.21 - $31.11
Q1 2020	7,157	$456	$26.19	$16.32 - $31.08