Sanjay Mirchandani - May 19, 2023 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Role
President & CEO, Director
Signature
/s/ James J. Whalen, Attorney-in-Fact
Stock symbol
CVLT
Transactions as of
May 19, 2023
Transactions value $
-$1,386,812
Form type
4
Date filed
5/23/2023, 06:44 PM
Previous filing
May 19, 2023
Next filing
Jul 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Sale -$279K -4.25K -0.88% $65.59 480K May 19, 2023 Direct F1
transaction CVLT Common Stock Award $0 +4.95K +1.03% $0.00 485K May 22, 2023 Direct F2
transaction CVLT Common Stock Award $0 +10.9K +2.24% $0.00 496K May 22, 2023 Direct F3
transaction CVLT Common Stock Sale -$1.11M -16.5K -3.33% $67.22 479K May 23, 2023 Direct F1
* 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 Represents additional shares issued in connection with the Company's total shareholder return for fiscal year 2023 satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of an award granted on May 22, 2020.
F3 Represents additional shares issued in connection with the Company's achievement of certain financial performance metrics tied to annualized recurring revenue for fiscal year 2023 pursuant to the terms of an award granted on May 16, 2022.