DC Investments Management’s Varonis Systems VRNS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-13,958	Closed	-$802K	–	91
2025 Q3	$802K	Hold	13,958	–	–	0.33%	43
2025 Q2	$708K	Hold	13,958	–	–	0.3%	52
2025 Q1	$565K	Buy	+13,958	New	+$600K	0.29%	60
2023 Q1	–	Sell	-61,234	Closed	-$1.47M	–	86
2022 Q4	$1.47M	Buy	61,234 +33,333	+119%	+$762K	1.86%	19
2022 Q3	$740K	Buy	+27,901	New	+$796K	1.7%	20
2021 Q1	–	Sell	-24,156	Closed	-$1.32M	–	75
2020 Q4	$1.32M	Sell	24,156 -24,156	-50%	-$1.05M	3.28%	3
2020 Q3	$1.86M	Hold	48,312	–	–	2.03%	11
2020 Q2	$1.43M	Hold	48,312	–	–	0.52%	20
2020 Q1	$1.02M	Buy	48,312 +7,971	+20%	+$209K	0.83%	13
2019 Q4	$1.04M	Hold	40,341	–	–	0.8%	12
2019 Q3	$804K	Buy	40,341 +6,030	+18%	+$134K	0.47%	21
2019 Q2	$708K	Buy	+34,311	New	+$737K	0.4%	31