Sanjay Mirchandani - 18 Aug 2025 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Signature
/s/ Danielle Abrahamsen, Attorney-in-Fact
Issuer symbol
CVLT
Transactions as of
18 Aug 2025
Transactions value $
-$4,721,490
Form type
4
Filing time
20 Aug 2025, 17:33:47 UTC
Previous filing
02 Jul 2025
Next filing
03 Sep 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 20 Aug 2025 0001765820

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Sale -$1.19M -6.7K -1.43% $178.03 463K 18 Aug 2025 Direct F1, F2
transaction CVLT Common Stock Sale -$210K -1.19K -0.26% $176.68 462K 18 Aug 2025 Direct F3, F4
transaction CVLT Common Stock Sale -$475K -2.68K -0.58% $177.61 459K 18 Aug 2025 Direct F3, F5
transaction CVLT Common Stock Sale -$135K -754 -0.16% $178.63 458K 18 Aug 2025 Direct F3, F6
transaction CVLT Common Stock Sale -$1.15M -6.56K -1.43% $175.70 452K 19 Aug 2025 Direct F3, F7
transaction CVLT Common Stock Sale -$994K -5.62K -1.24% $176.72 446K 19 Aug 2025 Direct F3, F8
transaction CVLT Common Stock Sale -$70.9K -400 -0.09% $177.36 446K 19 Aug 2025 Direct F3
transaction CVLT Common Stock Sale -$492K -2.76K -0.62% $178.24 443K 19 Aug 2025 Direct F3, F9
* 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 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, 2025.
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 November 18, 2024.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $176.14 and $177.04, 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.21 and $178.18, 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 $178.22 and $179.05, 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 $175.28 and $176.25, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $176.33 and $177.17 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.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.87 and $178.77 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.