Is there any danger in booting an existing Windows 10 in a VM on separate SSD and accessing a shared data partition?

I was looking into booting into my existing W10 installation that is already on a separate SSD from my Ubuntu installation on a dual-boot machine, as in: Running a real Windows install in VirtualBox on Linux

All of my data/documents are stored on a 3rd HDD, such that

/dev/nvme0n1p1  NTFS Windows 10 LTSC install (noauto,nouser)
/dev/sda1       exFAT shared data partition (currently mounted at boot by Ubuntu)
/dev/sdb1       Ubuntu 20.04 install

Is there any risk in having the shared data partition on /dev/sda1 mounted simultaneously by both the VM and Ubuntu? Will I be likely to lose data on this HDD by using it this way? If so, is there an alternative way of setting this up to make it safer? I pretty much need both OS to be able to access this data partition.

Edit: The data partition contains MySQL data and htdocs folder. It also contains some Office files (Word/Excel etc) that I need to open. It also contains some Office files (Word/Excel etc) that I need to open. I’d only have one instance of LAMP/XAMPP stack running at a time. I am more worried about the Office files being corrupted by possibly being accessed from both machines at once.