I’ve seen that Vcc behaviour before - without checking your logs I’d say it will be when a failsafe happens and the LED is flashing yellow and buzzer are going.
The small fluctuations are not necessarily a variation in your power supply, but more slight variations to the internal flight controller voltages due to the repetitive nature of the current drain while the LED is flashing and buzzer is going. And it doesn’t stop until you land and disarm.
It’s nothing to really worry about since the voltages are not going to warning levels.
This is 60mV ripple, totally insignificant.
Source could be LED or something else at that frequency.
As long you stay well between 4,6…5.6v you are fine.