BRIAN CAROLAN - 24 May 2021 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Role
VP Finance and CFO
Signature
Warren H. Mondschein, Attorney in Fact
Issuer symbol
CVLT
Transactions as of
24 May 2021
Net transactions value
-$3,209,055
Form type
4
Filing time
26 May 2021, 16:26:18 UTC
Previous filing
19 May 2021
Next filing
08 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Sale $651,576 -8,817 -6.1% $73.90 136,058 24 May 2021 Direct F1
transaction CVLT Common Stock Options Exercise $498,778 +8,817 +6.5% $56.57 144,875 24 May 2021 Direct F1
transaction CVLT Common Stock Options Exercise $498,608 +8,814 +6.1% $56.57 153,689 25 May 2021 Direct F1
transaction CVLT Common Stock Sale $668,983 -8,814 -5.7% $75.90 144,875 25 May 2021 Direct F1
transaction CVLT Common Stock Sale $1,872,060 -24,600 -17% $76.10 120,275 25 May 2021 Direct F2
transaction CVLT Common Stock Sale $16,436 -216 -0.18% $76.13 120,059 25 May 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 $498,778 -8,817 -25% $56.57 26,439 24 May 2021 Common Stock 8,817 $56.57 Direct F3
transaction CVLT Options to Purchase Common Stock Options Exercise $498,608 -8,814 -33% $56.57 17,625 25 May 2021 Common Stock 8,814 $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.