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

Signature
/s/ Danielle Abrahamsen, Attorney-in-Fact
Stock symbol
CVLT
Transactions as of
Nov 17, 2023
Transactions value $
-$1,730,545
Form type
4
Date filed
11/21/2023, 07:07 PM
Previous filing
Oct 4, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Sale -$294K -4.24K -0.93% $69.34 450K Nov 17, 2023 Direct F1
transaction CVLT Common Stock Sale -$260K -3.73K -0.83% $69.74 447K Nov 20, 2023 Direct F1
transaction CVLT Common Stock Sale -$469K -6.75K -1.51% $69.54 440K Nov 20, 2023 Direct F2
transaction CVLT Common Stock Sale -$707K -9.95K -2.26% $71.05 430K Nov 21, 2023 Direct F3
transaction CVLT Common Stock Gift $0 -2.9K -0.67% $0.00 427K Nov 21, 2023 Direct F4
* 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.26 and $69.76, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.55 and $71.47, 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.
F4 This transaction represents a gift / charitable donation effective November 21, 2023. This is not a market transaction, thus no price has been reported.