Sanjay Mirchandani - 17 Aug 2023 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Signature
/s/ Danielle Abrahamsen, Attorney-in-Fact
Issuer symbol
CVLT
Transactions as of
17 Aug 2023
Net transactions value
-$1,024,691
Form type
4
Filing time
21 Aug 2023, 17:05:24 UTC
Previous filing
27 Jul 2023
Next filing
23 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Sale $295,355 -4,243 -0.89% $69.61 475,126 17 Aug 2023 Direct F1, F2
transaction CVLT Common Stock Sale $258,318 -3,727 -0.78% $69.31 471,399 18 Aug 2023 Direct F1
transaction CVLT Common Stock Sale $471,018 -6,787 -1.4% $69.40 464,612 18 Aug 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of restricted stock. Proceeds from the sale were submitted to the Internal Revenue Service.
F2 Includes shares purchased under the Commvault Employee Stock Purchase Plan on August 14, 2023.
F3 The sale reported in this Form 4 was effected pursuant to an existing Rule 10b5-1 trading plan adopted by the reporting person on February 3, 2023.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.00 and $69.52, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.