Gary Merrill - 18 Nov 2024 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Signature
/s/ Danielle Abrahamsen, Attorney-in-Fact
Issuer symbol
CVLT
Transactions as of
18 Nov 2024
Net transactions value
-$646,607
Form type
4
Filing time
20 Nov 2024, 17:14:38 UTC
Previous filing
29 Aug 2024
Next filing
21 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Sale $248,789 -1,509 -1.6% $164.87 93,021 18 Nov 2024 Direct F1
transaction CVLT Common Stock Sale $2,334 -14 -0.02% $166.70 93,007 18 Nov 2024 Direct F1, F2
transaction CVLT Common Stock Sale $157,709 -960 -1% $164.28 92,047 19 Nov 2024 Direct F1
transaction CVLT Common Stock Sale $144,347 -889 -0.97% $162.37 91,158 19 Nov 2024 Direct
transaction CVLT Common Stock Sale $93,429 -555 -0.61% $168.34 90,603 20 Nov 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).

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 $166.69 and $166.71, 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.