Sanjay Mirchandani - May 20, 2024 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Signature
/s/ Danielle Abrahamsen, Attorney-in-Fact
Stock symbol
CVLT
Transactions as of
May 20, 2024
Transactions value $
-$3,249,379
Form type
4
Date filed
5/22/2024, 05:17 PM
Previous filing
May 17, 2024
Next filing
Jun 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Award $0 +10K +1.92% $0.00 532K May 20, 2024 Direct F1
transaction CVLT Common Stock Sale -$1.55M -14.1K -2.64% $110.64 518K May 20, 2024 Direct F2
transaction CVLT Common Stock Sale -$214K -1.94K -0.37% $110.38 516K May 20, 2024 Direct F3
transaction CVLT Common Stock Sale -$217K -1.95K -0.38% $110.85 514K May 20, 2024 Direct F4
transaction CVLT Common Stock Sale -$117K -1.07K -0.21% $109.77 513K May 21, 2024 Direct F5
transaction CVLT Common Stock Sale -$237K -2.14K -0.42% $110.63 511K May 21, 2024 Direct F6
transaction CVLT Common Stock Sale -$910K -8.24K -1.61% $110.39 503K May 21, 2024 Direct F2
* 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 additional shares issued in connection with the Company's total shareholder return for fiscal year 2024 satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of an award granted on May 17, 2021.
F2 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.97 and $110.67, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.70 and $111.28, 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 $109.48 and $109.99, 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 $110.04 and $111.01, 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.