VARONIS SYS INC

Ticker: VRNS CUSIP: 922280102 Class: Common Stock

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

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

Q4 2025

Shares 263,169 Value ($000) $8,632 Avg Close $41.98 Range $30.02 - $63.90

Q3 2025

Shares 319,751 Value ($000) $18,376 Avg Close $55.48 Range $49.18 - $60.30

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	263,169	$8,632	$41.98	$30.02 - $63.90
Q3 2025	319,751	$18,376	$55.48	$49.18 - $60.30