Gary Merrill - 23 May 2024 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Signature
/s/ Danielle Abrahamsen, Attorney-in-Fact
Issuer symbol
CVLT
Transactions as of
23 May 2024
Net transactions value
-$73,093
Form type
4
Filing time
24 May 2024, 16:04:56 UTC
Previous filing
22 May 2024
Next filing
20 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Sale $73,093 -661 -0.57% $110.58 114,373 23 May 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).