EKF warnings during flight on 3.4-rc1

I had a number of flights today on 3.4-rc1. It was slightly windy day, maybe 5m/s. Everything worked fine, but I did get EKF warnings during flight.

I have a custom MinimOSD which shows me warnings when any of velocity_variance, pos_horiz_variance, pos_vert_variance, compass_variance or terrain_alt_variance are at or above 0.5 and 0.8 (from MAVLINK_MSG_ID_EKF_STATUS_REPORT message).

At some point I’ve got a first-level warning (>=0.5) and then after some time a second-level (>=0.8) one, after that it disappeared.
Is it something I should be worried about? I have EKF2 enabled.

Here is my log: https://onedrive.live.com/redir?resid=5591523E73255C49!122649&authkey=!AMK9oDBx7lKNGlU&ithint=file%2Cbin