Gary Merrill - Mar 4, 2024 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Signature
/s/ Danielle Abrahamsen, Attorney-in-Fact
Stock symbol
CVLT
Transactions as of
Mar 4, 2024
Transactions value $
-$79,940
Form type
4
Date filed
3/6/2024, 04:01 PM
Previous filing
Feb 22, 2024
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Sale -$79.9K -822 -0.93% $97.25 87.9K Mar 4, 2024 Direct
* 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).