Sanjay Mirchandani - 15 May 2025 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Signature
/s/ Danielle Abrahamsen, Attorney-in-Fact
Issuer symbol
CVLT
Transactions as of
15 May 2025
Transactions value $
-$10,984,782
Form type
4
Filing time
19 May 2025, 20:38:41 UTC
Previous filing
04 Apr 2025
Next filing
22 May 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Mirchandani Sanjay President & CEO, Director 1 COMMVAULT WAY, TINTON FALLS /s/ Danielle Abrahamsen, Attorney-in-Fact 19 May 2025 0001765820

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Award $0 +34K +8.19% $0.00 449K 15 May 2025 Direct F1
transaction CVLT Common Stock Award $0 +25.5K +5.68% $0.00 475K 15 May 2025 Direct F2
transaction CVLT Common Stock Award $0 +25.5K +5.37% $0.00 500K 15 May 2025 Direct F3
transaction CVLT Common Stock Sale -$2.65M -14.9K -2.97% $178.41 485K 16 May 2025 Direct F4, F5
transaction CVLT Common Stock Sale -$17.6K -100 -0.02% $175.98 485K 16 May 2025 Direct
transaction CVLT Common Stock Sale -$422K -2.37K -0.49% $177.67 483K 16 May 2025 Direct F6
transaction CVLT Common Stock Sale -$71.7K -400 -0.08% $179.30 483K 16 May 2025 Direct F7
transaction CVLT Common Stock Sale -$18K -100 -0.02% $179.95 482K 16 May 2025 Direct
transaction CVLT Common Stock Sale -$4.91K -27 -0.01% $181.69 482K 16 May 2025 Direct
transaction CVLT Common Stock Award $0 +21.6K +4.49% $0.00 504K 16 May 2025 Direct F8
transaction CVLT Common Stock Award $0 +13K +2.57% $0.00 517K 16 May 2025 Direct F9
transaction CVLT Common Stock Award $0 +13K +2.51% $0.00 530K 19 May 2025 Direct F10
transaction CVLT Common Stock Sale -$510K -2.92K -0.55% $174.68 527K 19 May 2025 Direct F11
transaction CVLT Common Stock Sale -$1.55M -8.86K -1.68% $175.59 518K 19 May 2025 Direct F12
transaction CVLT Common Stock Sale -$995K -5.64K -1.09% $176.56 513K 19 May 2025 Direct F13
transaction CVLT Common Stock Sale -$152K -859 -0.17% $177.19 512K 19 May 2025 Direct F14
transaction CVLT Common Stock Sale -$4.58M -26.1K -5.1% $175.74 486K 19 May 2025 Direct F4
transaction CVLT Common Stock Sale -$1.95K -11 0% $177.00 486K 19 May 2025 Direct F4, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The common stock is being granted as restricted stock units and is subject to a 3-year vesting schedule, as follows: 1/3 on the first anniversary of the grant with the remaining portion vesting in equal quarterly installments thereafter.
F2 The common stock is being granted as performance share units (PSUs), 1/3 of which will vest, on each of the first, second and third anniversaries of the grant date of the award, if on such dates the Company's total shareholder return satisfies specified benchmarks relative to Russell 3000 index.
F3 The common stock is being granted as performance share units (PSUs) which will vest over a three year period based on the Company's achievement of certain financial performance metrics.
F4 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $178.15 and $178.41, 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.32 and $178.01, 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.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $178.80 and $179.60, 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.
F8 Represents additional shares issued in connection with the Company's total shareholder return for fiscal year 2025 satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of an award granted on May 15, 2024.
F9 Represents additional shares issued in connection with the Company's total shareholder return for fiscal year 2025 satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of an award granted on May 15, 2023.
F10 Represents additional shares issued in connection with the Company's total shareholder return for fiscal year 2025 satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of an award granted on May 16, 2022.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $174.01 and $174.91, 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.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.05 and $176.03, 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.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $176.06 and $177.03, 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.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.11 and $177.33, 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.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $176.92 and $177.11, 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.