LENDER DANIEL

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	Company	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value
2020-12-22	2020-12-22	QAD Inc (QADA)	S Sale	58,890 +9.9% 135.51 US$2,678,711	58,890 +9.9%	135.51	US$2,678,711
2020-12-22	2020-12-21	QAD Inc (QADA)	S Sale	44,019 -19.3% 25.67 US$3,302,612	44,019 -19.3%	25.67	US$3,302,612
2020-07-07	2020-07-07	QAD Inc (QADA)	S Sale	33,036 +2.9% 487.15 US$2,328,414	33,036 +2.9%	487.15	US$2,328,414
2020-07-07	2020-07-06	QAD Inc (QADA)	S Sale	8,523 -4.5% 41.02 US$349,613	8,523 -4.5%	41.02	US$349,613
2020-04-20	2020-04-20	QAD Inc (QADA)	S Sale	6,000 -3.3% 40.40 US$242,400	6,000 -3.3%	40.40	US$242,400
2020-04-20	2020-04-17	QAD Inc (QADA)	S Sale	1,931 -1.1% 40.00 US$77,240	1,931 -1.1%	40.00	US$77,240
2020-04-16	2020-04-15	QAD Inc (QADA)	S Sale	5,071 -2.7% 40.47 US$205,223	5,071 -2.7%	40.47	US$205,223
2020-04-16	2020-04-14	QAD Inc (QADA)	S Sale	2,570 -1.3% 42.85 US$110,124	2,570 -1.3%	42.85	US$110,124