Brian Carolan - May 24, 2021 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Role
VP Finance and CFO
Signature
Warren H. Mondschein, Attorney in Fact
Stock symbol
CVLT
Transactions as of
May 24, 2021
Transactions value $
-$3,209,055
Form type
4
Date filed
5/26/2021, 04:26 PM
Previous filing
May 19, 2021
Next filing
Jun 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Sale -$652K -8.82K -6.09% $73.90 136K May 24, 2021 Direct F1
transaction CVLT Common Stock Options Exercise $499K +8.82K +6.48% $56.57 145K May 24, 2021 Direct F1
transaction CVLT Common Stock Options Exercise $499K +8.81K +6.08% $56.57 154K May 25, 2021 Direct F1
transaction CVLT Common Stock Sale -$669K -8.81K -5.73% $75.90 145K May 25, 2021 Direct F1
transaction CVLT Common Stock Sale -$1.87M -24.6K -16.98% $76.10 120K May 25, 2021 Direct F2
transaction CVLT Common Stock Sale -$16.4K -216 -0.18% $76.13 120K May 25, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVLT Options to Purchase Common Stock Options Exercise -$499K -8.82K -25.01% $56.57 26.4K May 24, 2021 Common Stock 8.82K $56.57 Direct F3
transaction CVLT Options to Purchase Common Stock Options Exercise -$499K -8.81K -33.34% $56.57 17.6K May 25, 2021 Common Stock 8.81K $56.57 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All transactions shown on this form have taken place pursuant to a pre-arranged trading plan in compliance with Rule 10b5-1 of the Securities and Exchange Act of 1934.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.51 and 76.28, inclusive.
F3 The options to purchase common stock are subject to a 4-year vesting schedule, as follows: 25% on the first anniversary of the grant with the remaining options vesting in equal quarterly installments thereafter.