Brian Carolan - Jun 4, 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
Jun 4, 2021
Transactions value $
-$1,476,611
Form type
4
Date filed
6/8/2021, 05:26 PM
Previous filing
May 26, 2021
Next filing
Jun 11, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Options Exercise $499K +8.81K +7.34% $56.57 129K Jun 4, 2021 Direct F1
transaction CVLT Common Stock Sale -$687K -8.81K -6.84% $77.90 120K Jun 4, 2021 Direct F1
transaction CVLT Common Stock Sale -$790K -10K -8.33% $79.00 110K Jun 7, 2021 Direct F1

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 -8.81K -50.01% $56.57 8.81K Jun 4, 2021 Common Stock 8.81K $56.57 Direct F1, F2
* 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 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.